Telegram Introduces Non-Custodial Crypto Wallet in US

Messaging platform Telegram has unveiled a non-custodial crypto wallet in the United States, partnering with MoonPay to enhance user experience. This new feature enables millions of users to send, receive, and manage cryptocurrency seamlessly within the app. Previously, Telegram launched a global crypto wallet that attracted over 100 million users, and this US release marks a significant expansion. Built on The Open Platform (TOP) utilizing the TON blockchain, the wallet facilitates crypto transactions as easily as sending messages. Telegram assures that users will have the wallet instantly integrated without needing to download anything. In a noteworthy development, The Open Platform recently secured $28.5 million in Series A funding, valuing the company at $1 billion. Telegram's history with cryptocurrency includes a legal battle with the U.S. Securities and Exchange Commission (SEC) following the launch of its TON token in 2019. After lengthy litigation, Telegram agreed to return $1.2 billion to investors and settle with the SEC for $18.5 million. Disclaimer: The Block is an independent media outlet providing news and research. As of November 2023, Foresight Ventures is a majority investor in The Block, which continues to operate independently to deliver timely information about the crypto industry.