News Summary

Telegram has launched its crypto wallet, TON Wallet, for its 87 million users in the United States, marking a significant expansion since its initial international release in 2023. Integrated directly into the Telegram app, the TON Wallet offers an easy entry point for new crypto users by enabling self-custodial crypto transactions, DeFi access, and off-ramp features. This integration allows users to manage and send cryptocurrency without needing additional downloads, enhancing the app’s functionality. The wallet also introduces an off-ramp feature, allowing users to withdraw crypto funds directly to their bank cards. This development comes amidst growing adoption, with more than 100 million global users having activated their wallets last year, and about 334,000 transactions processed daily on the TON blockchain. Egor Danilov, Chief Product Officer at The Open Platform and Telegram Wallet, highlighted the wallet’s role as a primary gateway to TON’s Mini Apps.