In a groundbreaking move set to reshape the digital landscape, Telegram, the widely-used messaging platform, is preparing to integrate a cryptocurrency wallet based on The Open Network (TON) for its massive user base of over 800 million active users. This cryptocurrency wallet, aptly named TON Space, is slated to become globally available to Telegram users starting November 2023.
As of today, TON Space is accessible to Telegram Wallet users, ushering in a new era of financial possibilities. Telegram Wallet, already a chatbot that facilitates cryptocurrency payments in Bitcoin and Toncoin directly within the messenger, will soon extend this capability to almost all Telegram users. However, it’s worth noting that this feature won’t be available in the U.S. and certain other markets where regulatory agreements could not be reached.
TON Space: A New Infrastructure Layer
The TON Space wallet will serve as the latest infrastructure layer within the TON ecosystem, propelling Telegram’s foray into the world of cryptocurrencies and blockchain technology. This ambitious integration extends beyond a mere wallet; it signifies Telegram’s commitment to advancing the digital realm.
In conjunction with this milestone, Telegram is offering TON projects and partners exclusive access to its powerful global advertising platform, Telegram Ads. This strategic move ensures that TON projects receive unparalleled exposure, marking a significant step toward mainstream adoption and success.
A Vision of Digital Freedom
John Hyman, Telegram’s chief investment officer, emphasized the platform’s mission, which has consistently centered around safeguarding freedom of speech. According to Hyman, Telegram firmly believes that users should have ownership of both their digital identity and assets. With TON Space, this vision becomes a convenient reality, placing control and security firmly in the hands of users.
Hyman underscored the transformative nature of this partnership, enabling digital ownership for the entire Telegram user base. Simultaneously, TON projects will gain invaluable tools to engage with audiences, constituting what may well be the most extensive Web3/Web2 partnership in history.
As the launch of TON Space draws near, the tech world watches with anticipation, recognizing the potential for Telegram to catalyze a new era of digital empowerment and financial sovereignty for millions of users worldwide.