Wallet in Telegram to Integrate XRP and Dogecoin Trading, Launch Yield Program

Wallet in Telegram, a self-custody crypto wallet, would add support for trading over 50 new assets, including XRP, and roll out yield programs for users.

Starting as a TON-focused wallet extension, Wallet in Telegram seeks to deepen its venture into crypto trading and custody. On March 13, The Open Platform (TOP) announced plans to expand the capabilities of the mini-app wallet on Telegram to include over 50 new tokens.

TOP is the third-party developer of the Wallet, building on the messaging app’s ties with The Open Network (TON). The platform previously allowed the trading of a few crypto assets like TON, Bitcoin, and USDT, but it plans to expand its offerings.

TOP to Expand Wallet Features

The upgrade would take effect within two months and offer over 100 million Telegram users access to a wide range of cryptocurrencies. The protocol would now allow the trading of Ethereum, XRP, and meme coins like Dogecoin and Pepe directly on the self-custody wallet with simple steps.

Meanwhile, the wallet would also roll out an earn program for specific assets held in the wallet. The yield-bearing offering provides extra incentives for depositing and saving crypto on the decentralized wallet.

TOP would offer flexible yields of depositing up to 0.1 Toncoin (TON) and a yet-disclosed amount of USDT on the Wallet in Telegram protocol. Notably, the protocol would generate this incentive from staking these assets on behalf of users.

Wallet to Operate as a Full-Fledged Crypto Protocol

TOP CEO Andrew Rogozov noted that the new upgrade would allow Wallet to operate as a full-fledged crypto self-custody platform. While focused on revolutionizing the TON ecosystem, the new rollups meet growing client demands to access non-TON assets through the protocol.

Moreover, the initial upgrade would allow over 100 million Telegram users to buy and sell XRP and Dogecoin on the protocol without on-chain deposits and withdrawals. This trade-only mode means that TOP only allows in-app trading and custody of these assets but would not allow users to move non-TON native assets outside the custodian wallets.

Furthermore, the announcement confirmed that TOP has yet to fully form the list of the new altcoins that will be available on the protocol. The platform will gradually roll out the first 50 coins within the next two months. It bears mentioning that though the Wallet feature is embedded in Telegram, it has no affiliation with Telegram itself.