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Telegram incorporates TON cryptocurrency wallet, leading to a 7% increase in TON value.
The widely used messaging application Telegram has officially launched a cryptocurrency wallet almost three years after it initially announced intentions to create a Web3 ecosystem. The wallet was introduced at the ongoing Token2049 event in Singapore.
Telegram unveils TON based self custody wallet integration. Source:X
The cryptocurrency wallet is built on the Open Network (TON) blockchain and is now accessible to its 800 million users globally. The integration of the TON wallet into Telegram contributed to a nearly 7% increase in the price of TON coin following the announcement.
The TON Foundation stated that projects developed on the TON blockchain will receive priority access to the messaging platform’s advertising service, Telegram Ads. The wallet feature is currently available in the settings, with a broader rollout set to commence in November of this year, excluding the United States and a few other nations.
This is an evolving story, and additional details will be provided as they become available.