Telegram has made an official launch of a cryptocurrency wallet to United States users which is a milestone for the messaging service. The wallet named TON Wallet is constructed on the TON blockchain and can now be used by Telegram customers among the $87 million users in the United States. Integrating cryptocurrency implies that now users can use the criteria of cryptocurrencies right in the Telegram app and people do not have to use extra applications or overcomplicated mechanisms to begin working with crypto.
In the case of Telegram, this step is all about the increased availability of crypto. The development of the wallet in the application will provide the firm with an opportunity to make simpler access to crypto users new to this area. Telegram has already enjoyed firm interest on a global scale starting in 2023 when it started providing the wallet to users internationally. More than $100 million of its users turned on their wallets in 2022, indicating a high demand for simple crypto instruments.
Up to date the decision was unable to include the U.S. users because of the regulatory concerns; now that they are made more transparent, Telegram can finally proceed. Even the TON blockchain itself is getting more and more active with an average of 334,000 transactions per day. This goes to indicate that the network is expanding and is even regularly used and this goes towards creating trust and confidence for the new ones. These numbers might even be increased thanks to the integration of a wallet with Telegram since millions of Americans start playing with this tool.
The importance of this launch lies not only with the technology but also with the time. As crypto continues to bounce back and recover its previous volatility individuals seek safer and easier means to invest. Precisely that is what Telegram is proposing: an old platform with a convenient wallet to send or receive crypto users no longer need to be tech experts.
Briefly speaking this step can narrow the gap between the general population and the crypto world. It is not about adding a new feature but it is unlocking the digital currencies to millions of people that could not start the process so effortlessly before.
