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Telegram TON Wallet Update Brings Bitcoin and Ethereum to 100M+ Users

Telegram TON Wallet Just Got Bigger: Adds BTC & ETH

Telegram TON Wallet Introduces Bitcoin and Ethereum Support To Users

Highlights

  • Telegram TON Wallet can now use Bitcoin (BTC) and Ethereum (ETH).

  • Wrapped BTC and ETH can be stored, sent, and transacted.

  • Cross-chain integration enhances the interoperability of TON, Ethereum, and TAC networks.

TON Wallet Latest Update

It has also increased its cryptocurrency functionality to support Bitcoin and Ethereum, which introduces the two most popular cryptocurrencies directly into the Telegram ecosystem and enhances the cross-chain functionality of millions of users globally.

It has formally supported the use of Bitcoin (BTC) and Ethereum (ETH), which is a significant move toward extending the use of the wallet to the multi-chain system of the Telegram platform. BTC and ETH are now supported in Wallet, where users can store, send, and use them like a message in Telegram.

BTC and ETH are now available in TON Wallet.

Source: Official X

BTC and ETH are now available in TON Wallet.

The merger introduces the two most popular cryptocurrencies into one of the most rapidly developing blockchain ecosystems linked to messaging applications.

Based on the official release, Bitcoin and Ethereum still form the basis of the global crypto economy and take up about:

  • Bitcoin (BTC): 59% of all crypto market capitalization.

  • Ether (ETH): 11% of the entire crypto market capitalization.

These wallets are also establishing themselves as more holistic crypto wallets by allowing users to access such assets in Telegram.

Wrapped Bitcoin (cbBTC) and wrapped Ethereum (wETH) tokens are now supported by the wallet, and users can now access these assets on the blockchain without leaving the Telegram environment.

The update is consistent with the industry-wide movement of cross-chain interoperability, in which various blockchain networks are linked together to enhance liquidity and usability.

How BTC Bridging to TON Works?

Another aspect that the ecosystem brought was the two-step bridging mechanism to transfer Bitcoin liquidity between Ethereum and TON through the TAC infrastructure.

  • Step 1: Ethereum to TAC: Users bridge the Ethereum mainnet to TAC through Stargate Finance, which is an interoperability technology based on LayerZero.

  • Step 2: TAC to TON: Once assets are deposited on TAC, they can be transferred to the TON blockchain by the native TAC Bridge, which links EVM and wallets.

This occurs as Bitcoin liquidity transfers efficiently across networks with security.

How BTC Bridging to TON Works?

Source: X

Telegram Integration Rises the utility

The addition of this wallet to Telegram provides the feature with instant exposure to a huge user base of over 100 million users. The update allows crypto transactions to be as easy as messaging, which reduces the entry barrier for new crypto users.

Initial responses in communities refer to the update as a significant upgrade because it bridges the blockchain and popular crypto assets.

BTC and ETH capabilities should be added to contribute to the adoption of TON, DeFi, and cross-chain transactions throughout the ecosystem.

Nevertheless, it also warned users that crypto investments were risky, and not all services would be available in some jurisdictions, such as the United Kingdom.

Why This Update Matters?

The introduction of Bitcoin and ETH support will make it a very strong player in the cryptocurrency wallet market. The wallet does not just act as a bridge to the wider economy but rather to native assets.

This action is an indication of an increasing industry trend of multi-asset wallets, interoperability standards, and accessing cryptocurrency via messages. With further adoption,  tools built into Telegram might significantly contribute to the mainstream adoption of blockchain technology.

Conclusion

The implementation is a significant step toward crypto adoption in Telegram, enhancing the interoperability of the ecosystem and simplifying the access, storage, and transfer of major digital assets around the world.

Disclosure: It is not financial advice. Do your own research (DYOR) before investing. CoinGabbar has no financial losses. Cryptocurrencies are extremely risky, and you risk losing all your investment.

Sakshi Jain

About the Author Sakshi Jain

Expertise coingabbar.com

Sakshi Jain is a crypto journalist with over 3 years of experience in industry research, financial analysis, and content creation. She specializes in producing insightful blogs, in-depth news coverage, and SEO-optimized content. Passionate about bringing clarity and engagement to the fast-changing world of cryptocurrencies, Sakshi focuses on delivering accurate and timely insights. As a crypto journalist at Coin Gabbar, she researches and analyzes market trends, reports on the latest crypto developments and regulations, and crafts high-quality content on emerging blockchain technologies.

Sakshi Jain
Sakshi Jain

Expertise

About Author

Sakshi Jain is a crypto journalist with over 3 years of experience in industry research, financial analysis, and content creation. She specializes in producing insightful blogs, in-depth news coverage, and SEO-optimized content. Passionate about bringing clarity and engagement to the fast-changing world of cryptocurrencies, Sakshi focuses on delivering accurate and timely insights. As a crypto journalist at Coin Gabbar, she researches and analyzes market trends, reports on the latest crypto developments and regulations, and crafts high-quality content on emerging blockchain technologies.

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