Gram wallet becomes Telegram's primary option as Wallet in Telegram transitions to Walt
Telegram introduced Gram wallet as its primary cryptocurrency wallet option, as Wallet in Telegram undergoes a rebranding to Walt, expanding its suite of trading and investment features.
Telegram is restructuring its cryptocurrency infrastructure by dividing responsibilities between two principal offerings: the newly launched self-custodial Gram wallet and the comprehensive crypto platform Wallet in Telegram, which is now transitioning to the name Walt.
The messaging platform has deployed its proprietary Gram wallet throughout its application ecosystem, establishing the self-custodial solution as the primary wallet option within user configuration settings, based on a statement provided to Cointelegraph.
The Gram wallet's primary function will center on facilitating payments, fund transfers and transaction processing throughout Telegram's network, whereas Walt will deliver comprehensive cryptocurrency capabilities encompassing trading activities, investment opportunities and compatibility with digital assets spanning various blockchain networks. Walt's status as Telegram's primary cryptocurrency wallet has been discontinued, with the platform now becoming available via the search functionality instead.
This division represents a significant transformation in Telegram's approach to cryptocurrency integration, establishing a proprietary self-custodial wallet as the foundation for routine transaction activities while reconfiguring Walt to encompass an expanded portfolio of cryptocurrency and financial service offerings. Pavel Durov, the founder of Telegram, initially revealed plans for Gram wallet in July, announcing the company's intention to deploy a native non-custodial wallet solution across every Telegram application.
We'll be gradually rolling it out to our billion+ users over the next couple of weeks.
Gram and Walt will remain connected
The Gram wallet will function as Telegram's fundamental transaction infrastructure for processing transfers and payment operations. This self-custodial wallet solution will enable the acquisition of Telegram Collectibles, encompassing digital gifts, custom usernames and phone number assets, in addition to facilitating payments for various services and routine transaction needs.
Integration between Gram wallet and Walt will be maintained, with Walt providing users the capability to execute multichain cryptocurrency deposits directly into their Gram wallet accounts.
Wallet in Telegram becomes Walt
The rebranding of Wallet in Telegram demonstrates the platform's evolution beyond its initial purpose as a wallet predominantly designed for purchasing and storing Gram (GRAM), the cryptocurrency previously identified as Toncoin (TON).
Walt now facilitates deposit capabilities, asset storage and withdrawal functions for over 300 cryptocurrency tokens across four distinct blockchain ecosystems, in addition to providing trading access to more than 200 digital currencies. The service has also integrated support for over 100 tokenized equity securities, exchange-traded funds (ETFs) and precious metal instruments.
Additional product offerings include cryptocurrency yield-generation services and perpetual futures contracts, representing a category of derivative instruments characterized by the absence of settlement expiration dates. Walt provides perpetual trading functionality across more than 70 different assets, incorporating cryptocurrencies, crude oil, natural gas and precious metal commodities.
We started as a simple wallet for buying TON, but over the past four years we've grown into a full-scale crypto platform inside Telegram, launching Earn, real-world assets and perpetual trading.
Andrew Rogozov, founder and CEO of The Open Platform (TOP) and Walt