Telegram is expanding access to its crypto wallet for its 87 million users in the U.S.
The TON wallet, named because it is built on the TON blockchain, is integrated directly into the Telegram app. By existing within the app, Telegram’s crypto wallet is supposed to form an easier onramp for new crypto users.
Telegram has offered crypto wallets to international users since 2023, though it was unable to roll out in the US until now due to regulatory uncertainty. Telegram says more than 100 million global users activated their wallets last year, which is about 10% of Telegram’s 1 billion active users. Public data shows that about 334,000 transactions are processed on the TON blockchain per day.
