Telegram’s self-custodial crypto pockets, developed by a third-party firm referred to as The Open Platform (TOP), has launched new options for individuals who don’t simply use Telegram as a messaging app. The updates embrace multi-asset buying and selling and yield functionalities.
Primarily based on the TON blockchain, TOP launched the pockets in 2023. The corporate reported that over 100 million customers have signed up for an account with Pockets on Telegram. Moreover, it famous that almost all of those customers had been new to the crypto ecosystem.
The pockets product has primarily been targeted on the Toncoin cryptocurrency, which can be utilized on the Telegram platform to tip creators or pay for mini-games and apps. It additionally helps Bitcoin and USDT (on the TON blockchain). Because the preliminary launch, the pockets has additionally gained assist of different currencies like Notcoin.
Following at the moment’s replace, TOP says that customers will be capable of purchase, promote, or maintain crypto with none on-chain deposits. This makes it simpler for newer customers to get into crypto holding and buying and selling.
The corporate can also be introducing an incomes part to the pockets for holding a specific amount of Toncoin. It didn’t specify the yield proportion or how a lot crypto you would want to carry to start out incomes. Later this yr, TOP plans so as to add yields for USDT holdings and launch loyalty packages that may profit Toncoin holders.
Telegram Pockets has undergone a makeover as properly, with a brand new navigation bar on the backside and a simple method to swap between the Pockets, Commerce, and Earn sections.
“This update enhances Wallet’s functionality, to meet consumers’ expectations for an open and wide market. With current update Wallet now operates as a fully-fledged crypto platform within Telegram while remaining as simple and accessible as ever. We also plan to implement a loyalty program specifically for Toncoin holders, to further boost the adoption of TON Ecosystem,” TOP’s CEO Andrew Rogozov mentioned in a press release.
The brand new pockets replace will begin rolling out to customers in March and April. TOP mentioned that some options could be restricted in some international locations primarily based on native laws.
Final December, Telegram founder Pavel Durov mentioned that the corporate turned worthwhile. The platform has greater than 950 million month-to-month energetic customers. Cryptocurrencies have contributed to the corporate’s bottom-line due to integrations with content material and mini app funds.
