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Telegram Launches TON Crypto Wallet, Fueling a 13% Surge in TON Token Price

Telegram has introduced its crypto wallet, powered by the TON blockchain, after years of anticipation. The TON token price surged by 7% following the announcement.

Telegram's Long-Awaited Crypto Wallet Unveiled

Telegram, the popular messaging app, has introduced its crypto wallet after nearly three years of anticipation. The announcement was made during the ongoing Token2049 event in Singapore.

TON Blockchain Powers Telegram's Crypto Wallet

Telegram's crypto wallet is built on the Open Network (TON) blockchain, and it is now accessible to the app's vast user base of 800 million people worldwide. This integration had an immediate impact, causing the price of TON coin to surge by nearly 13%.

TON Foundation's Key Role

The TON Foundation has emphasized that projects developed on the TON blockchain will receive preferential access to Telegram's advertising platform, Telegram Ads. While the wallet feature is currently accessible in the settings, a global rollout is scheduled for November of this year. Notably, this rollout will exclude the United States and a few other countries.