- TON Wallet launches in U.S., bringing easy crypto transfers to Telegram.
- Users can swap dollars to crypto with MoonPay, no fees.
- TON Wallet offers staking, swaps, peer payments inside Telegram Mini Apps.
TON Wallet is now officially available in the United States. This launch means millions of U.S. Telegram users can now access TON Wallet directly inside the Telegram app. They can buy and trade USDT, TON, and dozens of other tokens without leaving their chats.
Telegram Deepens TON Blockchain Use Through Mini Apps Access
By using TON Wallet, one can send crypto to a friend as easily as a text message. The tokens can be transferred privately via direct messages. They even have the option to exchange dollars for crypto without any fee due to a collaboration with MoonPay. This simplifies the process of purchasing digital assets for ordinary users.
Also, TON Wallet enables individuals to withdraw money directly into their credit cards. Passive income can also be received by some users simply holding the tokens in their wallets. These are the qualities that allow TON Wallet to shine in an oversaturated market of crypto applications.
TON Wallet will not just end with simple transfers. It also promotes peer-to-peer payments, token swaps, and staking. Users have the opportunity to yield their holdings in terms of staking. This appeals to individuals to increase their crypto savings without technical trading.
Further, the TON Wallet is directly linked to Telegram’s Mini Apps. It implies that individuals have an opportunity to access decentralized applications within Telegram. Consequently, the users are able to play games, purchase collectibles, or access services with their crypto in a single location.
The experience of Telegram with crypto is interesting. In 2020, the company abandoned its proposal of issuing its token due to pressure from the U.S Securities and Exchange Commission (SEC). Nevertheless, Telegram had not given up on TON blockchain altogether. Rather, it continued to introduce TON-based functionality, such as tokenized usernames and stickers. It has also supported Fragment, a digital collectibles marketplace using TON.
TON Wallet U.S. Launch Opens Crypto to Millions of Telegram Users
Now, TON Wallet’s U.S. launch is a big step forward. In 2024 alone, more than 100 million individuals worldwide activated TON Wallets. However, until recently, American users were excluded because of ambiguous regulations. The situation has changed, says Andrew Rogozov, CEO of TOP, the company behind the wallet.
According to Rogozov, the regulatory environment in the U.S. is getting better. Meanwhile, the number of Telegram users continues to increase. Due to this reason, the team regarded the U.S. as a significant emerging market. He said that a large number of Telegram users are already in crypto. TON Wallet will provide them with a secure and convenient location to store assets and experience novel features inside the app.
Such a launch may increase competition with such famous platforms as Cash App and Coinbase. The smooth connection with the large number of Telegram users may bring into the TON Wallet everyday people who do not have experience using crypto. Provided that the ecosystem continues expanding, the number of users utilizing TON Wallet rather than the classic crypto exchanges can increase.
However, TON Wallet does not specifically provide regulated financial services in the U.S. Instead, it collaborates with authorized partners like MoonPay to purchase and sell crypto. This will not only assist TON Wallet in expanding but also keep it out of trouble with the law.
To sum up, the introduction of TON Wallet in the U.S. may become a new era of cryptocurrency in messaging services. Easy transfers, no fees, and the built-in earning opportunities make TON Wallet crypto accessible to 87 million Telegram users. In case this model works out, then it may alter the way individuals reason about digital money in their day-to-day discussions.
