Telegram launches native Money wallet as GRAM rises 9%

Telegram has officially launched its native non-custodial wallet, Money, adding support for cryptocurrency transfers and purchases of collectibles inside its platform. The wallet had previously been available only to a limited group of users, but is now being rolled out more broadly across Telegram’s user base of more than 1 billion people. Following the launch news, GRAM, formerly known as Toncoin, rose 9% and was trading at $1.56. The price move was cited by CoinGape. The update ties a product rollout on one of the world’s largest messaging platforms to an immediate market reaction in the related token.