Topics
Latest
AI
Amazon
Image Credits:Telegram
Apps
Biotech & Health
Climate
Image Credits:Telegram
Cloud Computing
Commerce
Crypto
Image Credits:Top
Enterprise
EVs
Fintech
Image Credits:Top
Fundraising
Gadgets
punt
Government & Policy
Hardware
layoff
Media & Entertainment
Meta
Microsoft
Privacy
Robotics
Security
Social
Space
Startups
TikTok
Transportation
speculation
More from TechCrunch
Events
Startup Battlefield
StrictlyVC
Podcasts
video
Partner Content
TechCrunch Brand Studio
Crunchboard
get through Us
Telegram ’s crypto wallet , develop by a third - party company calledThe Open Platform(TOP ) , has introduced new features for people who do n’t just use Telegram as a messaging app . The updates let in multi - asset trading and yield functionality .
found on the TON blockchain , TOP launched the wallet in 2023 . The company reported that over 100 million users have sign up for an account with Wallet on Telegram . to boot , it note that most of these users were young to the crypto ecosystem .
The pocketbook product has primarily been focus on the Toncoin cryptocurrency , which can be used on the Telegram platform to tip creators or pay for minigames and apps . It also stand Bitcoin and USDT ( on the TON blockchain ) . Since the initial launch , the billfold has also gained keep of other currencies like Notcoin .
The party is also introducing an earning component to the pocketbook for hold a certain amount of Toncoin . It sound out that while the median yield is 4 % , it will vary free-base on validators ’ payoff . Later this year , TOP plans to add yield for USDT property and set in motion loyalty programs that would benefit Toncoin holder .
Telegram Wallet has undergone a makeover as well , with a new navigation saloon at the bottom and an easy way of life to swop between the Wallet , Trade , and Earn segment .
“ This update enhance Wallet ’s functionality , to meet consumer ’ expectations for an undefended and wide market . With current update Wallet now operates as a fully - flight crypto platform within Telegram while stay as simple and approachable as ever . We also design to implement a trueness program specifically for Toncoin holders , to further boost the borrowing of TON Ecosystem , ” TOP ’s CEO Andrew Rogozov say in a statement .
Join us at TechCrunch Sessions: AI
Exhibit at TechCrunch Sessions: AI
The new pocketbook update will start twine out to users in March and April . TOP enjoin that some feature of speech might be restricted in some country based on local regulations .
Last December , Telegram founderPavel Durov say that the company became profitable . The platform has more than950 million monthly active users . Cryptocurrencies have contributed to the society ’s bottom line thanks to desegregation withcontentandmini app payment .
The story was updated after the company ’s input on yield and ego - custody .
