Telegram’s crypto pockets, developed by a third-party firm known as The Open Platform (TOP), has launched new options for individuals who don’t simply use Telegram as a messaging app. The updates embody multi-asset buying and selling and yield functionalities.
Based 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 targeted 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 right now’s replace, TOP says that customers will be capable to 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 part to the pockets for holding a specific amount of Toncoin. It mentioned that whereas the typical yield is 4%, it can fluctuate based mostly on validators’ reward. Later this yr, TOP plans so as to add yields for USDT holdings and launch loyalty applications that might profit Toncoin holders.
Telegram Pockets has undergone a makeover as nicely, with a brand new navigation bar on the backside and a straightforward solution to swap between the Pockets, Commerce, and Earn sections.
“This replace enhances Pockets’s performance, to satisfy customers’ expectations for an open and large 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 increase the adoption of TON Ecosystem,” TOP’s CEO Andrew Rogozov mentioned in a press release.
The brand new pockets replace will begin rolling out to customers in March and April. TOP mentioned that some options could be restricted in some international locations based mostly on native rules.
Final December, Telegram founder Pavel Durov said that the company became profitable. The platform has greater than 950 million monthly active users. Cryptocurrencies have contributed to the corporate’s backside line because of integrations with content and mini app payments.
The story was up to date after the corporate’s enter on yield and self-custody.
