Telegram has launched its TON Wallet for users in the United States. The wallet, developed by The Open Platform, is now accessible to all 87 million U.S. users and is integrated directly into the Telegram app. This is the first instance where U.S. users can utilize a fully self-custodial crypto wallet within a mainstream messaging platform.

Wallet Access Without Leaving the App

Users can send and receive cryptocurrency through their Telegram chats without needing additional apps or complex sign-ups. The wallet is seamlessly integrated into the chat experience, enhancing accessibility and speed without interrupting the existing usage of Telegram.

Telegram Crypto Wallet Source: Shutterstock

U.S. Rollout Follows Legal Review

Telegram initially delayed the U.S. wallet launch due to legal concerns but gained confidence to proceed following recent regulatory changes. With an extensive user base already established, the launch represents an opportunity to offer this functionality under clearer legal conditions.

Recovery System Designed for Regular Users

Instead of relying on long seed phrases, the wallet employs a two-part recovery method: one part connects to the user’s Telegram account, while the other is associated with their email. This approach minimizes the risk of users becoming locked out, addressing one of the common challenges in the cryptocurrency space.

Features Go Beyond Simple Transfers

The TON Wallet includes capabilities for token swapping, staking, and purchasing crypto with a debit card. It connects with Telegram’s Mini App system, enabling users to access various blockchain-based services without leaving the app, thus integrating crypto into the chat experience more naturally.

Toncoin Responds to the Launch

Following the rollout, Toncoin—the network’s native token—experienced a spike in trading activity. Its price rose shortly after the announcement, with continued gains into the subsequent week, attributed to increased user engagement and interest in the TON ecosystem.

Expansion Builds on Earlier Global Releases

Before launching in the U.S., Telegram made the wallet available in other regions starting in 2023, amassing over 100 million users globally by 2024. The U.S. launch is a continuation of this expansion strategy, gradually incorporating financial tools alongside social messaging.

What This Means for Crypto Use

Introducing a self-custodial wallet within an already familiar app reduces the barriers to using crypto. Users don’t need to learn new tools or manage multiple accounts for straightforward tasks like sending stablecoins or accessing staking services. Telegram’s approach could promote casual crypto use among its users.

Key Takeaways

• Telegram’s TON wallet is now available to 87 million U.S. users, providing direct in-app access.
• Wallet integration allows users to send and receive cryptocurrency effortlessly within chats.
• The wallet employs a new split-key recovery system, facilitating easier access for mainstream users.
• Users can buy, swap, and stake tokens directly from the wallet, alongside access to Web3 services through Mini Apps.
• Toncoin has seen positive market reactions post-launch, with increased trading activity.