# Telegram Launched a Crypto Wallet 🚀

> Why is Nobody Talking About This?

**Published by:** [Web3 Academy](https://paragraph.com/@web3academy/)
**Published on:** 2023-11-06
**URL:** https://paragraph.com/@web3academy/telegrams-crypto-wallet

## Content

GM DOers! 😎 Telegram, with its 800 million monthly active users, has introduced a self-custodial crypto wallet. 🤯 TON 💎 @ton_blockchain @xRocket_tg launched the first fully-fledged Telegram Mini App (TMA) exchange! 800M+ @telegram users can now seamlessly trade $TON and jettons with limit and market orders without leaving the messenger. Learn more t.me/toncoin/1045 98 15:03 • 2 Nov 2023 And I can’t get my head around how nobody is talking about this, as it is probably the biggest distribution of a crypto wallet ever. 🚀 Kyle Reidhead @KyleReidhead Did anyone else know that everyone on @telegram now has a crypto wallet? Type @ wallet into your search bar and you’ll find it (excluding Americans lol) I believe it’s using the TON network Biggest distribution to a crypto wallet to date I believe @wallet_tg 2 0:51 • 3 Nov 2023 The wallet, named TON Space, was jointly announced by Telegram and the TON Foundation at Singapore's Token2049, which saw over 10,000 attendees​. Although announced in September, it only went fully live a few days ago, and its implications are huge! Today, we’ll go over:Why Telegram created a crypto walletHow to set yours up seamlesslyHow this can onboard millions onchainLFG. ⏬Collect This Newsletter for Free to Win a Solana Saga PhoneThis week we’re giving away a Solana Saga mobile phone (valued at $1000). This phone was built to power web3 and offer users a more seamless and secure experience when interacting with the Solana blockchain. Here’s how you enter:Collect this newsletter (free)Go to www.perk.shop/web3academyConnect your wallet and enter the raffleCollectWhy did Telegram Create a Wallet? 🤔Telegram is aiming to become a super-app, where they can both be the messaging app and the financial app through which users make payments. Similar to what Elon Musk is aiming to achieve with X, which we wrote about here. To achieve this, Telegram has given developers the ability to build so-called Telegram Mini Apps (TMAs), which are apps built on top of Telegram. Unibot, a crypto trading Telegram app, which we wrote about here, is an example of a TMA. With this ability, someone has built a centralized exchange on top of Telegram, called xRocket. With that, users don’t have to get out of Telegram to buy and sell crypto. xRocket @xRocket_tg xRocket Telegram Mini App is live! First CEX in #Telegram The widest range of #crypto services More than 1,000,000 users of the bot Ready for mass-adoption Don't waste your time, get on board: t.me/xrocket/cex 9 21:15 • 9 Oct 2023 And besides this exchange, the TON foundation has built TON Space, a non-custodial wallet. TON 💎 @ton_blockchain @xRocket_tg launched the first fully-fledged Telegram Mini App (TMA) exchange! 800M+ @telegram users can now seamlessly trade $TON and jettons with limit and market orders without leaving the messenger. Learn more t.me/toncoin/1045 98 15:03 • 2 Nov 2023 With this, Telegram users can seamlessly buy, sell and send $USDT, $TON and $BTC to any other wallets, without leaving the Telegram app. And now, any other third-party mini app running inside Telegram, can connect to TON Space to enable decentralized and permissionless crypto payments – more on why this is important in a second. So keep reading.Note: This wallet operates on the TON blockchain, so there are some limitations. But how do you set your wallet up? Let us tell you. It’s simple.🤝 Together with ParagraphParagraph powers modern newsletters, enabling readers to own their content and creators to share revenue with fans. Web3 Academy has already transitioned to Paragraph because it’s the future of newsletters. If you're a creator, writer, or keen reader, explore Paragraph's early opportunities!Check Out Paragraph TodayHow to Set Up Your Telegram Wallet ⚙Right now, TON Space is available to Telegram’s global users without any requirement for wallet registration. However, certain jurisdictions like the U.S. are excluded due to regulatory crackdowns on the crypto industry. Here’s how to set your wallet up, if you’re not in the U.S. Open Telegram appNavigate to your chat listSearch for “@wallet” in the top barInitiate a chat with the Wallet botFollow the Wallet bot’s simple setup guide (just a few taps)Fund your wallet via credit card or by transferring crypto from another walletStart making transactions on the TON blockchainThe entire team at Web3 Academy has set this wallet up on Friday and we were all stunned as to how simple the setup was. This truly has the potential to onboard the many millions of Telegram users onchain. And that’s possible because of the benefits that crypto payments bring. 🎙 How Stablecoins Will Take Us to 1B People OnchainDiscover why we think stablecoins are the key to bringing the next billion people onchain. Listen on your favorite platform. 👇YouTube | Spotify | Apple PodcastsTelegram Bringing Millions Onchain 🌊Telegram's new crypto wallet could be a game-changer, making it easy for its 800 million users to get onchain, even those without bank accounts. Unlike other wallets, Telegram's is super easy to start using. There’s no seed phrase required and it takes a few seconds to set up. That's a big deal for getting more non-crypto people to try it out. Furthermore, we all know how efficient it is to use crypto for payments rather than regular dollars. Think about sending money across the world — it's quicker and cheaper with blockchain, like sending USDC with Coinbase Wallet, than it is through banks. We see this every month at Web3 Academy. Some of our team get their pay right away in USDC in their onchain wallets, while others wait for days for regular dollars to come through the bank. It's crazy that not everyone sees how much better it is to use onchain payments. But for those who've tried it, it's obvious. That's why we think that once more folks try out crypto payments, we'll see a huge jump in onchain activity. Telegram understands this, which is why they're now offering this with TON. They want to stay at the forefront of the migration from online to onchain. And it’s normal. Even Twitter has started to work on some sort of crypto payments, although we don’t have any details just yet. It’s all speculation at this point. Before you leave this email though, tell me! Are you planning on using this Telegram Wallet? Reply to this email with a Yes/No. I’m curious to see if this wallet is appealing to web3-natives like you. Thanks for reading. And remember, you're strong, you’re powerful, you’re alpha! ❤How'd you feel about our read today?⭐⭐⭐⭐⭐ Loved it!⭐⭐⭐ Decent!⭐ Kyle, step it up!Join us on Discord | Follow us on TwitterAdvertise with Web3 Academy Disclaimer: This article is for informational purposes only and not financial advice. Conduct your own research and consult a financial advisor before making investment decisions or taking any action based on the content.

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