Today Telegram announced the launch of its crypto wallet in the USA.
In this way, the famous messaging app will also offer American users the possibility to send, store, and manage digital assets directly within the app, without having to download or install additional extensions.
For US users, the service will be offered under the name TON Wallet, and it will be a self-custody solution based on the TON blockchain.
The crypto wallet of Telegram
For quite some time now, the Telegram app has hosted a native crypto wallet, initially launched as a bot, and then integrated into the app’s interface itself.
Now the Telegram wallet is a solution for digital assets natively integrated within the app’s interface, and it is supported by The Open Platform (TOP). It now has more than 100 million users globally and aims to make its solution available to all Telegram users worldwide, who are now more than a billion.
TOP is a technology company dedicated to the development of Web3 innovations on Telegram.
The crypto wallet is still accessible through the web address t.me/wallet.
Over time, a second self-custodial wallet called TON Space, specific to the TON blockchain, has been added to Telegram’s integrated crypto wallet.
At this moment, therefore, Telegram hosts two native crypto wallets. One called Crypto Wallet, which supports various cryptocurrencies and different blockchains, and one called TON Wallet, which supports only the TON blockchain.
The Crypto Wallet is a multi-chain wallet for trading and sending cryptocurrencies, while the TON Wallet is a self-custodial wallet that provides access to dApps and tokens of the TON ecosystem.
The company states that the launch of the TON Wallet in the USA represents a fundamental step in the global expansion of the entire TON blockchain ecosystem.
TON Wallet is in fact the main wallet of the TON ecosystem. It also fuels the economy of Telegram by serving as a gateway to a myriad of mini-apps available on Telegram.
TON Wallet
Thanks to the new access to the TON Wallet, American users can now interact with the world of the TON Blockchain. This includes a myriad of applications for gaming, payments, DeFi, and various marketplaces (such as Fragment, the official platform for Telegram collectibles).
Now TON Wallet is the first self-custodial crypto wallet natively integrated into a traditional messaging platform and also available to users in the United States.
According to data from the market analysis company Sensor Tower, Telegram has more than 87 million users in the United States.
With today’s launch, US users of Telegram will be able to transfer cryptocurrencies directly within the messaging app’s chats, send cryptocurrencies as easily as sending a message, transfer USDT, Toncoin, and other TON-based assets, including NFTs.
TON Wallet is private and transparent, because users maintain full control of the private keys and funds.
Additionally, it also offers integrated trading tools. Such as market charts, analysis, and access to low slippage swaps for assets based on TON thanks to Omniston, the decentralized liquidity aggregator of Ston.fi.
However, it also offers staking and earning services, with integrated access to third-party protocols that offer competitive APY.
It can also be used as an access ramp to crypto in fiat currency, with 0% commission on purchases in USDT via Apple Pay, Google Pay, and credit cards provided by MoonPay. In particular, this last purchase method turns out to be easy and fast because it directly withdraws from bank cards via MoonPay. This functionality is available in TON Wallet for the first time precisely thanks to today’s launch.
Finally, it allows the connection and signing of transactions on apps based on TON, using TON Connect.
The launch of TON Wallet in the United States is supported by the TON Foundation, as recognition of an important milestone for the entire TON ecosystem.
The comment
The CEO of TOP, Andrew Rogozov, stated:
“We have incorporated cryptocurrencies natively into Telegram, not as an add-on, but as part of the way people already communicate. With Wallet in Telegram, sending digital assets is as simple as sending a message, without hitches, without additional steps. At the same time, users maintain full control of their keys and funds. It’s not just a wallet, but a self-custodial gateway for Web3, based on the TON blockchain, directly within the app that people use every day”.
The CEO of the TON Foundation, Max Crown, added:
“The launch of TON Wallet in the United States represents a fundamental step towards integrating decentralized finance into everyday life. With TON Blockchain powering a wallet integrated directly into Telegram, we are removing the barriers that have kept regular users on the sidelines, and offering people in the United States direct and intuitive access to DeFi within an app they already know and trust. It’s not just about convenience, but about putting financial freedom in the hands of real people and offering real utility through a platform they use every day”.
