Wallet in Telegram has announced the launch of its self-custodial TON Wallet for tens of millions of Telegram users in the US, not as a bot or add-on, but as fully and natively embedded into the app.
“TON Wallet is now the first self-custodial crypto wallet natively integrated into a mainstream messaging platform in the US,” the team claims.
Furthermore, users do not need any further app downloads or browser extensions, nor seed phrases, it says. “We’ve embedded crypto natively into Telegram, not as an add-on, but as part of how people already communicate,” said Andrew Rogozov, CEO of The Open Platform (TOP) and Wallet in Telegram.
Therefore, per the press release, US Telegram users will now be able to send crypto to contacts in the Telegram chat. They can also store and manage digital assets within the Telegram app directly. They maintain control of private keys and funds, it says.
MoonPay has also enabled the option to withdraw funds to bank cards. “This launch introduces off-ramp functionality for the first time in TON Wallet,” the team notes. “With Wallet in Telegram, sending digital assets feels as simple as sending a message, no friction, no extra steps,” says CEO Rogozov. “This isn’t just a wallet, it’s a self-custodial gateway to Web3, powered by TON Blockchain, right inside the app people use every day.”
There are no fees on USDT purchases through Apple Pay, Google Pay, and credit cards. Crypto payments platform MoonPay provides this as an integrated feature, the announcement says.
It hit its all-time high of $8.25 in June 2024, decreasing 60.6% since. That said, Wallet in Telegram is a digital asset solution within Telegram’s interface. The Open Platform powers it. This is a technology company that builds Web3 infrastructure and apps within the Telegram ecosystem, leveraging the TON (The Open Network) chain.
Over the past 24 hours, at the time of writing (noon UTC), Toncoin is down 2.9% to the price of $3.25. Overall, it’s up 9% over the past 7 days and 15% in a month.Iit’s down 54% in a year.
