Telegram will add a built-in Gram Wallet for fee-free crypto transfers

Telegram founder Pavel Durov announced what he called the largest rollout of a non-custodial crypto wallet in history.

This summer, the built-in Gram Wallet is expected to become available across all Telegram apps, giving more than one billion users access to the service.

Durov promised instant cryptocurrency transfers with no fees. The wallet will be non-custodial, meaning users will remain in control of their funds and private keys.

The exact launch date and additional details have not been revealed yet.

• Telegram already has the Wallet bot integrated into the platform, which also supports non-custodial crypto wallets.
• Wallet is a third-party service integrated with Telegram through a partnership. The service operates independently and is not owned by Telegram.
• In late May, Wallet restricted transactions with seven crypto exchanges that were added to the UK's updated sanctions list.

Gram is the new name for the native cryptocurrency of the TON blockchain, previously known as Toncoin.

TON’s native currency will become Gram — the original name of the project

Pavel Durov has announced that the native currency of The Open Network will be renamed from Toncoin to Gram, returning the token to its original name from the project’s earliest days.

Durov˙s CodeVlad Voitenko