The third-party crypto trading bot Wallet is now available on the settings menu in Telegram messenger for users in select countries of Latin America and Africa.
The Open Platform (TOP), an investment platform headquartered in Dubai, announced the global rollout of the Wallet crypto bot on Nov. 10.
Initially, the tool will be available on the Telegram settings menu for users in Colombia, South Africa and Kenya. The bot developers plan to expand the service to MENA, EE, and Asia in Q1 2024 and the rest of the world by Q2 2024. Some of the next countries on the list are Saudi Arabia, Nigeria and Turkey.
Developing markets were chosen as primary destinations for the new service, as Telegram has a significant user base in related regions, while people there lack access to traditional financial tools and often use alternatives like crypto.
To be precise, Telegram users could have accessed the Wallet bot before the official global rollout. During a few previous months, customers could find the bot using the search field and clicking “@Wallet” on Telegram. However, ?with the full integration, interested crypto investors can now simply open the menu section and select the bot as one of the available functions.
Earlier, Telegram endorsed TON as its blockchain network of choice for Web3 infrastructure. The messenger uses a non-custodial cryptocurrency wallet developed on The Open Network (TON) blockchain. Wallet’s self-custody crypto solution is called TON Space. It allows users to perform decentralized swaps and transfer non-fungible tokens (NFTs).
In addition, the Wallet sub-service STON.fi which is a cross-chain DEX is launching the Omniston protocol. It will combine the liquidity of different TON-based DEXs and enable clients to buy tokens without slippage and transaction volume impact, claims the platform.
Despite the integration, users must note that the Wallet remains a third-party service. Telegram has actively denied any affiliation with Wallet or TOP. Meanwhile, Wallet also stressed its independence from Telegram.
Nina Bobro
Nina is passionate about financial technologies and environmental issues, reporting on the industry news and the most exciting projects that build their offerings around the intersection of fintech and sustainability.
