The cryptocurrency wallet TON Wallet integrated within Telegram officially launches in the United States, serving 87 million users directly in the app.
The self-custody TON Wallet allows users to send, receive, and exchange cryptocurrencies, including stablecoins, with zero fees when buying coins through MoonPay. In 2024, over 100 million users worldwide have used this wallet.
MAIN CONTENT
TON Wallet integrated within Telegram is officially available in the United States with 87 million users.
The wallet allows transactions of stablecoins, token exchanges, and coin purchases with no fees through MoonPay.
The deployment in the United States was delayed due to legal reasons, leading to fierce competition with major platforms.
What is TON Wallet and what role does it play on Telegram?
TON Wallet is a cryptocurrency wallet integrated directly within the Telegram app, allowing users to manage and transact cryptocurrencies conveniently on the popular messaging platform.
With the rapid growth of Telegram, TON Wallet provides DeFi solutions, supports stablecoins, and token exchanges, aiming to enhance user experience and expand the Blockchain ecosystem on mobile.
What is the scope of TON Wallet's deployment in the United States?
In July 2024, TON Wallet was officially released in the United States, supporting approximately 87 million Telegram users to utilize the feature of sending and receiving cryptocurrencies directly in the app.
The launch has been delayed due to legal issues in the United States, but the U.S. has now become a key market, significantly increasing the number of wallet users globally.
"The integration of the cryptocurrency wallet helps Telegram realize its vision of bringing DeFi to a wide range of users, creating a convenient and secure ecosystem,"
— Pavel Durov, CEO of Telegram, 2024
What transaction features does TON Wallet support?
TON Wallet allows stablecoin transfers, token exchanges, and coin purchases with zero gas fees through payment partner MoonPay, optimizing transaction costs.
The self-hosted wallet feature ensures the user controls the Private Key, enhancing the security and protection of digital assets on the app.
How does TON Wallet compete with other financial platforms in the United States?
When officially launching in the U.S. market, TON Wallet will compete directly with DeFi apps and cryptocurrency wallets like Cash App and Coinbase, thanks to convenient integration within Telegram.
According to a report by CNBC, the convenience combined with low transaction fees helps TON Wallet attract young users who prefer mobile digital asset management services.
"TON Wallet on Telegram opens up an unprecedented approach to users, increasing competitive pressure on traditional cryptocurrency wallets,"
— Anna Kim, Blockchain Expert, Director of Research at Blockchain Insight, 2024
Frequently Asked Questions
Is TON Wallet safe when integrated within Telegram?
TON Wallet uses a self-custody mechanism, with the Private Key controlled by the user, ensuring high security and avoiding risks from third parties.
Do users in the United States need to download an additional app to use TON Wallet?
No, users only need to use Telegram to access and manage assets in the TON wallet integrated directly within the app.
How does legal stability in the United States affect TON Wallet?
Must wait for U.S. regulatory approval before launching, leading to delays but ensuring compliance with the law for long-term operation.
What types of tokens does TON Wallet support?
The wallet supports stablecoins and various tokens on the TON platform, while allowing users to exchange a variety of cryptocurrencies.
What are the transaction fees when buying coins through TON Wallet?
Buying coins through MoonPay on TON Wallet is currently free of gas fees, helping to minimize costs for users.
Source: https://tintucbitcoin.com/ton-wallet-tich-hop-telegram-ra-mat-my/
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