The GRAM token gained 9% to reach $1.56 following Telegram’s announcement expanding access to its Money crypto wallet across its user base. The rollout of this official non-custodial wallet embeds digital asset transfer capabilities directly into the messaging app, which currently serves over 1 billion users worldwide.
The Money wallet feature aims to streamline Web3 interactions by allowing users to transfer TON network tokens instantly with zero network fees. Operating in the background, the wallet section automatically appears in the Telegram interface once an account receives incoming funds. If users need additional funds to transact, they can top up their Money wallet balance directly through their Walt account.
Digital Economy and Smart Contract Integration
The Money wallet service complements standard token storage and asset transfer features with integrated in-app economic support. Users can spend their crypto balances directly within the Telegram ecosystem, such as purchasing digital gifts known as Telegram Collectibles or securing custom usernames.
Infrastructure improvements also cover architectural security at the network protocol level. TON network validators previously granted full approval for the Money wallet smart contract. Developers rely on this approval to roll out future system upgrades smoothly, eliminating the need for complex manual asset migrations whenever network upgrades occur.
Clarifying Boundaries with Walt
The standalone Money wallet also clarifies product naming within The Open Network ecosystem. Developers at The Open Platform had previously decided to rebrand the “Wallet in Telegram” service to Walt. This rebranding was intentionally carried out to distinguish third-party services managed by The Open Platform from the Money wallet, which operates as an official Telegram product.
For the TON community, GRAM’s upward price movement reflects market sentiment regarding the delivery of fee-free infrastructure directly into the hands of one billion app users. Embedding crypto transactions into everyday messaging - with seamless automatic upgrades and zero fees - marks a tangible shift toward everyday digital value adoption.
Reported by crypto.news.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
