Telegram’s crypto wallet launches in the US
Telegram, the popular messaging platform, has announced the expansion of its integrated crypto wallet, TON Space, to its substantial user base in the United States. This move provides direct access to digital asset management for approximately 87 million users across the country, marking a pivotal step in bridging mainstream communication with the evolving world of decentralized finance.
The TON Wallet, intrinsically built upon The Open Network (TON) blockchain, is seamlessly integrated within the Telegram application itself. This native integration is designed to significantly lower the barrier to entry for new cryptocurrency users, offering a familiar and intuitive interface within an app many already use daily. By simplifying the onboarding process, Telegram aims to accelerate wider adoption of digital currencies.
While TON Wallet has been accessible to international users since 2023, its introduction to the U.S. market faced delays primarily due to the complex and evolving regulatory landscape surrounding digital assets in the country. This long-awaited launch signifies a clearer path for crypto services within a highly scrutinized jurisdiction.
Globally, Telegram’s crypto initiatives have already demonstrated considerable traction. Reports indicate that more than 100 million users worldwide activated their TON Wallets last year, representing approximately 10% of Telegram’s impressive 1 billion active user base. The underlying TON blockchain further underscores this growth, processing an average of 334,000 transactions daily, highlighting its robust activity and capacity.
The launch of TON Wallet in the U.S. is poised to have a substantial impact on the accessibility and everyday utility of cryptocurrencies. By embedding a crypto wallet directly into a widely used messaging platform, Telegram is not just expanding its features but potentially reshaping how millions engage with digital assets, making crypto transactions as commonplace as sending a text message.
