Telegram’s crypto pockets, developed by a third-party firm referred to as The Open Platform (TOP), has launched new options for individuals who don’t simply use Telegram as a messaging app. The updates embrace multi-asset buying and selling and yield functionalities.
Based mostly on the TON blockchain, TOP launched the pockets in 2023. The corporate reported that over 100 million customers have signed up for an account with Pockets on Telegram. Moreover, it famous that the majority of those customers had been new to the crypto ecosystem.
The pockets product has primarily been centered on the Toncoin cryptocurrency, which can be utilized on the Telegram platform to tip creators or pay for minigames and apps. It additionally helps Bitcoin and USDT (on the TON blockchain). For the reason that preliminary launch, the pockets has additionally gained assist of different currencies like Notcoin.
Following in the present day’s replace, TOP says that customers will be capable of purchase, promote, or maintain crypto with none on-chain deposits. This makes it simpler for newer customers to get into crypto holding and buying and selling.
The corporate can be introducing an incomes element to the pockets for holding a certain quantity of Toncoin. It mentioned that whereas the common yield is 4%, it’ll differ primarily based on validators’ reward. Later this 12 months, TOP plans so as to add yields for USDT holdings and launch loyalty applications that will profit Toncoin holders.
Telegram Pockets has undergone a makeover as effectively, with a brand new navigation bar on the backside and a simple strategy to swap between the Pockets, Commerce, and Earn sections.
“This replace enhances Pockets’s performance, to satisfy customers’ expectations for an open and vast market. With present replace Pockets now operates as a fully-fledged crypto platform inside Telegram whereas remaining as easy and accessible as ever. We additionally plan to implement a loyalty program particularly for Toncoin holders, to additional enhance the adoption of TON Ecosystem,” TOP’s CEO Andrew Rogozov mentioned in an announcement.
The brand new pockets replace will begin rolling out to customers in March and April. TOP mentioned that some options may be restricted in some international locations primarily based on native rules.
Final December, Telegram founder Pavel Durov mentioned that the corporate grew to become worthwhile. The platform has greater than 950 million month-to-month lively customers. Cryptocurrencies have contributed to the corporate’s backside line due to integrations with content material and mini app funds.
The story was up to date after the corporate’s enter on yield and self-custody.
