Telegram has renamed its wallet service from Gram wallet to Money and expanded the product from a limited rollout to a full launch across its platform of more than 1 billion users, according to ChainCatcher. The built-in wallet is designed for the Gram token and supports storage, transfers, and purchases of platform gifts and collectible usernames inside Telegram.
The report also said the related trading platform, Walt, offers services for more than 300 assets. Those products include tokenized stocks, precious metals, perpetual contracts, and yield offerings. Users can move funds instantly from Walt to the Money wallet without paying network fees.
Telegram also issued a risk reminder alongside the launch, saying crypto asset investing carries corresponding risks. The update marks both a branding change for the wallet product and a broader release to Telegram’s full user base after the service had previously been available only to some users.
Telegram has renamed its wallet service from Gram wallet to Money and has now rolled it out across the entire platform to more than 1 billion users, according to ChainCatcher. The service had previously been available only to some users.
Wallet rebrand and broader release
With the change, Money becomes Telegram’s built-in wallet offering for the wider platform user base rather than a limited group of users.
Functions tied to the Gram token
Money is a built-in wallet for the Gram token. It supports storage and transfers, and it can also be used to buy platform gifts and collectible usernames.
Walt adds access to more than 300 assets
The accompanying trading platform, Walt, provides services for more than 300 assets, covering tokenized stocks, precious metals, perpetual contracts, and yield products. Users can transfer funds instantly from Walt to the Money wallet without network fees.
Telegram also warned that crypto asset investing carries risks.
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