Telegram’s Open Network (TON) Launches Self-Custodial Wallet in Africa, Aims for Global Crypto Adoption

Telegram’s Open Network (TON) has officially unveiled its self-custodial Wallet on the messaging platform, with Africa selected as the launchpad for this ambitious project. Andrew Rogozov, the founder and CEO of The Open Platform, the driving force behind TON’s blockchain development, made the announcement on X (formerly Twitter), revealing the platform’s strategic plans to cater to the needs of its 80 million global customers.

The deployment of the Web3 Wallet in Africa marks a significant step in TON’s mission to provide cutting-edge tools and infrastructure for cryptocurrency enthusiasts. While specific African nations gaining access to the Web3 wallet were not disclosed, Rogozov assured that the service would gradually expand to other regions worldwide. The targeted expansion will kick off in the first quarter of 2024, encompassing the Middle East, Europe, and the Asia Pacific. By the second quarter of the same year, TON aims to make the Wallet available to users across the globe.

The Open Network’s partnership with Telegram, a widely used social messaging app, has played a pivotal role in TON’s journey towards global crypto adoption. This collaboration saw the integration of a crypto custodial wallet on Telegram back in September, paving the way for the recent introduction of the self-custodial Web3 Wallet.

Speaking on the occasion, Andrew Rogozov expressed confidence in TON’s ability to drive crypto adoption to new heights. “Today, with a clear vision, a strong team, established partnerships, and secured resources, we are ready to bring Wallet and the entire TON ecosystem to the world. We anticipate that Wallet will propel global crypto adoption to an unprecedented level,” Rogozov stated.

It’s important to note that the newly introduced Wallet is distinct from the standalone bot available on Telegram, which already boasts millions of users globally through their settings. TON’s commitment to expanding its offerings in a phased approach, starting with Africa, reflects the platform’s strategic and calculated approach to fostering widespread crypto adoption.

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