Wallet in Telegram Launches Cross Chain Deposits in Self Custodial TON Wallet

It’s a groundbreaking day in the world of cryptocurrency as Wallet in Telegram announces a major development in cross-chain deposits. In a move that will benefit over 100 million users, TON Wallet now allows users to fund their wallets with crypto from the most popular blockchains without the need for additional bridges, swaps, or manual conversions.

Powered by MoonPay, this integration streamlines the deposit process, making it easier for users to transfer their stablecoins from other chains to TON without any friction or loss of value. Users can now deposit USDC or USDT from Ethereum, Solana, TRON, BSC, Polygon, Arbitrum, and Base directly into Wallet in Telegram, where they are automatically converted at a 1:1 rate to USDT (TON).

This advancement opens up the TON ecosystem to a wider audience, as users no longer need to hold TON-native assets to participate. In the near future, users will also be able to withdraw USDT on TON to USDT or USDC on other major blockchains, with a fee, and deposit BTC, ETH, and SOL, which will be automatically converted into Toncoin.

The introduction of cross-chain deposits in TON Wallet brings several key functionalities, including stablecoin deposits, stablecoin withdrawals, and crypto deposits. This seamless process makes it easier for users to fund their accounts and participate in the TON ecosystem without the complexity of traditional multi-step processes.

According to Andrew Rogozov, Founder and CEO of The Open Platform and Wallet in Telegram, the goal is to make entering and exiting the TON ecosystem as simple as using a custodial wallet, while still preserving the freedom and control of self-custody. MoonPay CEO Ivan Soto-Wright also emphasizes the importance of simplifying the funding process for users to access a broader range of applications seamlessly.

The new deposit experience is built for scale and is native to Telegram’s interface, making it easier for users to engage in DeFi, gaming, payments, and other on-chain applications. This launch is a significant step towards making Telegram the most accessible Web3 gateway in the world, combining mass-market distribution with self-custody and open blockchain infrastructure.

Wallet in Telegram, backed by The Open Platform, offers a dual-wallet experience with Crypto Wallet and TON Wallet, catering to over 150 million registered users. MoonPay, on the other hand, is a global financial technology company that facilitates value transfer across fiat and digital assets for businesses and consumers worldwide.

Overall, the integration of cross-chain deposits in TON Wallet marks a significant advancement in the cryptocurrency space, making it easier for users to access and participate in the TON ecosystem. This development paves the way for a more inclusive and user-friendly experience in the world of decentralized finance. In recent years, the importance of mental health has become increasingly recognized and prioritized. With more people speaking out about their struggles and seeking help, there has been a shift towards breaking the stigma surrounding mental health issues. This shift has opened up conversations about the importance of taking care of one’s mental well-being and seeking treatment when needed.

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