Pavel Durov Announces New Crypto Wallet in Telegram
Free crypto transactions are coming to Telegram.
1Gram Wallet Announcement
Telegram co-founder Pavel Durov announced Gram Wallet, a new crypto wallet to be integrated into the platform. This non-custodial wallet allows users to control their own keys, enhancing security. Durov stated their goal is to offer free and instant crypto transactions to over a billion users.
2Transition from Toncoin to Gram
The name Gram was originally mentioned in The Open Network's (TON) whitepaper. Durov rebranded the native token Toncoin to Gram. The TON project was handed over to the community due to regulatory challenges, but some solutions were integrated into Telegram. This move could increase Telegram's influence in the crypto space.
3Existing Wallet Bot
Telegram currently has a bot called Wallet, which allows users to perform crypto transactions but operates on a custodial model. Users do not control their own keys. It's unclear if Gram Wallet will replace this bot, but Durov hinted that the new wallet might be directly integrated into the Telegram client.
4Non-Custodial Advantages
Non-custodial wallets give users full control over their assets, aligning with decentralized finance (DeFi) principles. Gram Wallet's feature could reduce security concerns and make Telegram more appealing in the crypto world.
5Integration Details
It's still unclear how Gram Wallet will be integrated. It could either become part of the existing Wallet bot or be directly embedded into the Telegram client. The latter scenario could significantly simplify the user experience. Additionally, while the Wallet bot is managed by The Open Platform, Gram Wallet is believed to be developed by Telegram's team.
6Impact on the Crypto World
The launch of Gram Wallet could be a major milestone in the crypto world. With over a billion users, Telegram could bring crypto transactions into the mainstream. Free and instant transactions might accelerate crypto adoption. This move could transform Telegram from a messaging app into a financial platform.
Original article: INCRYPTED — Pavel Durov Telegram'da Yeni Kripto Cüzdanını Duyurdu