TON Wallet goes live for Telegram users in US
Main Idea
Telegram has integrated TON Wallet, a self-custodial crypto wallet, into its platform for US users, enabling crypto transactions, DeFi access, and off-ramp features.
Key Points
1. TON Wallet is the first self-custodial crypto wallet integrated into a major social platform for US users, built on The Open Network (TON) blockchain.
2. Users can transfer USDT, Toncoin, and other TON-based tokens, maintain control of private keys, and access features like trading tools, staking, and 0% fee USDT purchases via Apple Pay, Google Pay, or credit cards.
3. The wallet includes an off-ramp feature allowing users to withdraw crypto funds directly to bank cards.
4. TON Wallet serves as the primary gateway to TON’s Mini Apps, supporting Telegram’s in-app economy.
5. Telegram has over 87 million US users, presenting significant growth potential for TON Wallet, which saw 100 million global activations in 2024.
6. The Open Platform, developer of TON Wallet, raised $28.5 million in Series A funding at a $1 billion valuation, led by Ribbit Capital.
Description
Telegram rolls out TON Wallet to US users, enabling self-custodial crypto transactions, DeFi access and off-ramp features within the app.
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