TON Wallet Enables Crypto Transactions within Telegram
Telegram has launched its native cryptocurrency wallet, TON Wallet, for US users, expanding its blockchain services. Built on The Open Network (TON) blockchain, it is the first self-custodial crypto wallet integrated into a major social platform in the US. Users can send, receive, and store digital assets directly within the Telegram app without needing external downloads. The wallet supports USDT, Toncoin, and other TON-based tokens, with transactions resembling regular messaging. Users retain control of their private keys. Features include built-in trading tools, token staking, and 0% fees on USDT purchases via Apple Pay and Google Pay. An off-ramp feature allows direct withdrawals to bank cards. The wallet aims to enhance Telegram's in-app economy and Mini Apps. Over 100 million users activated the wallet globally in 2024, with significant growth potential in the US market, where Telegram has over 87 million users. The Open Platform developed the wallet and recently raised $28.5 million in funding.
