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.
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.
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.
US users can now transfer USDT, Toncoin (TON), and other TON-based assets directly within a chat. This includes non-fungible tokens (NFTs). TON Connect allows them to sign transactions across TON-based apps.
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.
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.
Moreover, users can utilize the built-in TON trading tools. Additionally, there is built-in access to third-party protocols that offer “competitive APYs.”
“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.”
87 Million US Telegram Users
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.
It hit its all-time high of $8.25 in June 2024, decreasing 60.6% since.
It remains to be seen if and how this latest move will affect the price.
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.
Also, Wallet in Telegram offers two options. One is Crypto Wallet, a multi-chain wallet for trading and sending crypto to contacts. The other is TON Wallet, a self-custodial wallet with access to the TON-based dapps and assets.
Per the announcement, Wallet in Telegram recorded more than 100 million users globally in 2024. Also, Telegram has more than 87 million users in the US, it says. The team expects the global number of wallets to now rise “significantly.”
“The U.S. launch of TON Wallet becomes a major step in the global expansion of the whole TON Blockchain ecosystem,” says the team. These users have now gained access to numerous Mini Apps, marketplaces, and various payments, gaming, and DeFi apps.
“The US launch of TON Wallet is a major step toward making decentralized finance part of everyday life,” says Max Crown, CEO of TON Foundation. This launch gives “people in the US direct, intuitive access to DeFi inside an app they already know and trust. This isn’t just about convenience, it’s about putting financial freedom in the hands of real people and delivering real utility through a platform they use every day,” Crown concludes.
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