Telegram launches non-custodial crypto app in US
Powered by ChatGPTMessaging app Telegram has launched a new non-custodial crypto wallet in the United States through a partnership with MoonPay. The new feature will enable millions of users to send and manage crypto directly within the app.
Telegram previously launched a crypto wallet globally that was activated by more than 100 million users. Tuesday’s launch will enable users in the U.S. to send, receive, and manage cryptocurrency directly inside the app.
The wallet is built on The Open Platform, a.k.a. TOP, which is built on the TON blockchain. The feature allows users to transact with crypto as easily as sending a message. Telegram said that the wallet will be instantly installed and will not require a download.
The Open Platform recently raised a $28.5 million Series A at a $1 billion valuation.
Telegram infamously fought the U.S. Securities and Exchange Commission in court after launching its TON token in 2019. After a protracted legal battle, Telegram agreed to return $1.2 billion to investors and pay an $18.5 million penalty to settle with the SEC.