Wallet Brings Self-Custodial Payments to Telegram

Wallet forges plan to experiment with payments powered by a self-custodial Web3 wallet, which has launched in beta.

Older man in the skies with telegram, seeing DEFI.
Created by Kornelija Poderskytė from DailyCoin
This article was originally published with incorrect statements about Telegram exploring the integration of self-custoidal payments using Wallet. This article has been edited to reflect accurate information and clarify that Telegram is only the platform the Wallet team is using to launch their web3 wallet. Telegram is not actively involved with this project at this time. 
  • Wallet will explore digital asset payments on Telegram.
  • Their self-custodial wallet has been launched to enable this plan.
  • The wallet merges the best of Web 2.0 and Web3.

Telegram-based Wallet app has officially announced the launch of TON Space in beta on August 9, 2023. The long-awaited Web3 wallet will allow the Wallet team to explore digital asset payments within Telegram. 

The wallet was the most eagerly requested feature by TON users, who wanted to harness the blockchain’s full potential capacity within Telegram.

A Self-Custodial Web3 Wallet in a Web 2.0 Platform

TON Space is a new wallet in the industry that aims to address an important hindrance preventing Web3 from snowballing into the mainstream – limited access to community and seamless onboarding.

By allowing deployment on Telegram, TON Space fuses the user-friendly interface of Web 2.0 with Web3 technology, opening up the concept of digital assets to a thriving community of 800 million active users on Telegram.

The project aims to facilitate the mass adoption of Web3 by providing a swift and seamless onboarding experience. The underlying blockchain solution, the TON network, can support millions of transactions per second (TPS) near-instantly.

As a self-custodial wallet, TON Space will allow users to be in full control of their digital assets, creating seamless opportunities for storing, trading, and managing assets within Telegram.

Invitation for Developers to Build on a Future-Oriented Platform

TON Space creates a new infrastructure layer for The Open Network (TON) ecosystem, allowing developers to integrate wallet features with other decentralized applications that can be accessed and controlled within Telegram.

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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Brian Danga

Brian Danga, a Kenyan crypto reporter, is dedicated to delivering breaking news and updates from the cryptocurrency world. With a background as a Web3 writer and project manager, he recognizes the importance of unbiased reporting. Holding an LLB degree from the University of Nairobi, Brian's analytical skills contribute to his accurate news reporting. His personal interests include cooking, watching documentaries, reading, and engaging in intellectual discussions.