WhatsApp rival Telegram gets Crypto wallet integration

Telegram, the widely used messaging app, has unveiled an integrated crypto wallet feature, allowing users to effortlessly access their cryptocurrency holdings

Those who have previously interacted with the @wallet bot will notice a new dedicated crypto wallet section within their Telegram menu.

The revelation came amidst the TOKEN2049 conference, where the TON Foundation and Telegram publicly announced their partnership.

At the conference, Telegram and TON Foundation committed to the following goals:

• The @wallet integration will provide a portal to approximately 800 million Telegram users worldwide, with the exception of the US. This expansive feature will see a full deployment starting this November.

• Telegram has committed to granting TON projects and their associated partners privileged access to its advertising platform as part of the partnership.

• Ambitiously, TON has set its sights on engaging with 30% of Telegram’s user base by 2028.

The formal announcement of this partnership at the TOKEN2049 conference drew considerable attention, with the presentation and event photographs further amplifying the buzz. By incorporating the @wallet directly within the app's menu, Telegram aims to democratise crypto access for its vast user base, barring those in the US.

This collaboration also signals Telegram's increasing collaboration with the TON Foundation.

Telegram's partnership with TON extends far beyond the realm of crypto wallet.

Notably, the company has prioritised TON projects on its advertising platform, highlighting the depth of their collaboration. TON's objective is to entice 30% of Telegram's active users within the next five years, and this partnership is poised to transform the integration of messaging platforms and cryptocurrency.