Telegram plans to connect the original Gram wallet to over 1 billion live users this summer. The wallet is located as a non-trustee product and the user is free to control the asset and can make a encrypted transfer directly in the chat scene without having to download a separate wallet.

Direct transfers in application

This arrangement means that Telegram wants to pre-position the encrypted payment portal into existing social products. Unlike the hosting service, the non-host wallet will not hold the user ' s assets by the platform and private key control remains in the hands of the user. Pavel Durov described it as one of the largest self-care wallet distribution schemes to date.

At present, however, Telegram has not published a clear date of entry or an indication of which assets were supported. The company also did not give technical details of how “free cash” covered the costs of the chain.

Access remains undisclosed

It remains unclear whether the wallet will open up globally once and for all, or whether it will be phased out by region. Telegram also failed to disclose the restoration mechanisms, security measures, regional restrictions and whether some of the services required identification.

In the end, if only a small number of users are enabled, millions of users may be brought into the hosting and point-to-point encrypted transfer scene. This is the more difficult scale of distribution for independent encrypted wallet products.

TON integration continues to deepen.

Before the wallet was released, The Open Network changed the original token to the Gram and restored the name Telegram used in the 2018 block chain white paper. The Open Network remains the name of the block chain network itself.

According to crypto.news, this change in the name of the token is expected to last about three weeks and the holder is not required to replace the existing token. After Durov disclosed the information, Gram increased by 19 per cent to a maximum of $2.21.

The name Gram also has a regulatory history. Telegram was sued by the United States Securities and Exchange Commission in 2019, after having used the name in the early block chain project and having financed $1.7 billion. The regulator stated that its token distribution involved the issuance of unregistered securities.

Under the 2020 reconciliation arrangement, Telegram agreed to return over $1.2 billion to investors and to pay $18.5 million in civil fines. The Telegram has since withdrawn from the project, followed by the continuation of the open source code by the independent developers and the progressive development of the current TON network.

The automated wallet has landed first.

In addition to the wallets for individual transfers, TON Tech introduced the Agenic Wallets standard in April of this year, which allows the AI agent running the Telegram robot to control the user-funded wallets and perform limited financial operations.

According to TON Tech, the user can allocate wallets on the independent chain to the agent and authorize him to complete the transfer, currency exchange and partial deFi interaction. The holder of the main wallet may still set up the budget, withdraw the balance or at any time withdraw the authority of the agent.

Telegram has yet to indicate whether the Gram wallet that was launched this summer will be directly linked to the Agenic Wallets or other TON products. At this stage, the company has identified only the size of the distribution and the direction of the free cash withdrawal, and the specific security design, available areas and complete functionality remain to be followed up.