Telegram users in the United States can now send, receive, and manage cryptocurrency directly within the app, thanks to the integration of the TON Wallet. Users do not need to download anything, install browser extensions, or create separate logins.
TON Wallet is a non-custodial wallet and is built on top of the TON blockchain. This gives users complete control over their crypto assets and private keys. It also enables peer-to-peer transfers easily, enabling users to send stablecoins and tokens as simply as sending a friend a message.
To simplify security and onboarding, the wallet features a smart backup system that splits recovery information between the user’s Telegram account and their email. This makes it safer and easier to use, especially for newcomers to crypto.
Telegram had already shut down its crypto token project in 2020 in response to U.S. SEC pressure. However, it has since maintained a backing of the TON blockchain in alternative ways. These consist of functionalities such as tokenized usernames, collectible stickers, and digital assets available through its TON-based market, Fragment.
The Open Platform (TOP), the developer behind TON Wallet, has already seen global success with over 100 million users activating wallets in 2024. While the U.S. rollout was delayed as a result of regulatory uncertainty, the environment has now changed, and the American marketplace is now a focal point.
TOP’s CEO, Andrew Rogozov, said the aim is to eliminate friction and make crypto easy and borderless. By integrating a wallet directly into Telegram, they believe they can bring digital finance closer to everyday communication.
This is the first time a self-custodial wallet has been integrated into a large U.S. messaging platform. It may pressure competitors like Cash App and Coinbase if Telegram’s crypto features catch on with mainstream consumers.
Also Read: Tether Unveils Gold-backed Stablecoin on TON for Telegram Users
