Telegram introduces transaction and earnings capabilities for its self-hosted crypto wallets

PANews reported on March 13 that according to Techcrunch, Telegram self-hosted cryptocurrency wallet developed by the third-party company The Open Platform (TOP), has launched new features such as multi-asset transactions and returns for users. According to today's update, the TOP said users will be able to buy, sell or hold cryptocurrencies without any on-chain deposits. This makes it easier for new users to enter the cryptocurrency holding and trading space. The company also introduced a revenue component that holds a certain amount of Toncoin in its wallet. It does not specify the yield or how much cryptocurrency you need to hold to start earning. Later this year, TOP plans to increase revenue for USDT holdings and launch a loyalty program that will benefit Toncoin holders. Telegram wallet has also been revamped, with a new navigation bar at the bottom that can easily switch between wallet, transactions and earnings sections.

"This update enhances the functionality of the wallet to meet consumer expectations for open and broad markets. With the current update, the wallet is now running within Telegram as a full-fledged cryptocurrency platform while keeping it as simple and easy to use as ever. We also plan to implement a loyalty program specifically for Toncoin holders to further promote the adoption of the TON ecosystem." The new wallet update will begin rolling out to users in March and April. TOP said that under local regulations, certain functions may be restricted in certain countries.