Telegram’s crypto wallet, developed by a third-party company Open stage (Top), have introduced new features for those who do not use telegram only as messaging apps. The update includes multi-asset trading and yield functions.
Based on tonnes of blockchain, the top launched the wallet in 2023. The company reported that more than 100 million users have signed up for an account with wallets on Telegram. Additionally, noted that most of these users were new to the Crypto ecosystem.
The wallet product is mainly focused on tonquine cryptocurrency, which can be used to pay for tip creators or miniigames and apps on the telegram platform. It also supports bitcoin and USDT (on ton blockchain). Since the initial launch, the wallet has also received support from other currencies such as the notchoin.
After today’s update, the top says that users will be able to buy, sell or catch the crypto without any on-chant deposits. This makes it easier for new users to go into crypto holding and trading.
The company is also offering an earning component for the wallet to keep a certain amount of tonquine. It said that while the average yield is 4%, it will be different based on the reward of the verification. Later this year, the top plan plans to add yields to USDT holdings and launch loyalty programs that will benefit tonquine holders.
The Telegram Wallet has passed with a makeover with a new navigation bar and a easy way to switch between wallets and classes.
“This update enhances the functionality of the wallet, to meet the expectations of consumers for an open and wide market. With the current update wallet now operates as a fully developed crypto platform within the telegram, while as always simple and accessible as usual. We plan to implement especially to pursue tons Ecosiests.
The new wallet update will start rolling out for users in March and April. The top said that some facilities can be banned in some countries based on local rules.
Last December, Telegram founder Pavel Durov said the company became profitable. The platform has more than 950 million monthly active users. Cryptocurrency has contributed to the company’s lower line for integration with material and mini app payment.
The story was updated after the company’s input on produce and self-centers.
