TON Wallet goes live for Telegram users in US

6 hours ago

Telegram began rolling retired its autochthonal cryptocurrency wallet to users successful the US, marking a important enlargement of its blockchain-based services.

Built connected The Open Network (TON) blockchain, TON Wallet is the archetypal self-custodial crypto wallet to beryllium integrated into a large societal level disposable to US users, according to a Tuesday quality merchandise shared with Cointelegraph.

Supported by the TON Foundation, the wallet allows users to send, person and store integer assets straight wrong the Telegram app, eliminating the request for outer downloads oregon browser extensions, according to the announcement.

With entree to TON Wallet, American users tin present interact with the broader TON ecosystem, which includes a assortment of applications ranging from gaming and payments to decentralized concern (DeFi) and integer marketplaces. The integration allows users to research blockchain exertion without leaving the Telegram interface, the institution said.

TON Wallet enables nonstop crypto transfers

TON Wallet allows users to transportation USDT (USDT), Toncoin (TON) and different TON-based tokens, including non-fungible tokens.

Transactions relation likewise to sending a regular message, and users support afloat power of their backstage keys done the wallet’s self-custodial design, the institution said.

Additional features see built-in trading tools via Omniston and Ston.fi, token staking done third-party integrations and 0% fees connected USDT purchases made done Apple Pay, Google Pay oregon recognition cards utilizing MoonPay.

For the archetypal time, TON Wallet besides offers an off-ramp diagnostic that enables users to retreat crypto funds straight to their slope cards.

Egor Danilov, main merchandise serviceman astatine The Open Platform and Telegram Wallet, told Cointelegraph that the wallet is the superior gateway to TON’s Mini Apps. “The wallet is pivotal successful connecting users with payments, games and onchain tools, each wrong a acquainted situation they interact with daily.”

He besides highlighted efforts to safeguard users against scams and phishing. “We’re soon introducing features specified arsenic whitelists, blacklists, transaction emulation and different precocious fraud detection tools to assistance users marque safer choices earlier confirming transactions,” helium said.

Beyond its inferior arsenic a idiosyncratic wallet, TON Wallet is expected to play a larger relation successful Telegram’s in-app system and enactment the enlargement of Mini Apps.

The US has ever been a cardinal people for the enlargement of TON Wallet

Outside the US and Europe, Telegram has already added the wallet to its main menu, making it disposable to users crossed Asia and Russia. According to the company, implicit 100 cardinal users globally activated the wallet successful 2024. Sensor Tower data shows that Telegram has much than 87 cardinal users successful the US, presenting a important maturation accidental for the wallet.

TON Wallet was chiefly developed by The Open Platform, a tech institution focused connected creating Web3 apps for Telegram. On July 3, The Open Platform announced its palmy $28.5 cardinal Series A backing round, achieving a $1 cardinal valuation. The circular was led by fintech specializer Ribbit Capital, with information from salient crypto task superior steadfast Pantera Capital.