Messaging platform, Telegram which boasts 800 million active users each month, is introducing a self-custodial cryptocurrency wallet.
The move is intended to strengthen its position in the vibrant crypto community that has grown out of its chat platform and may help draw more people into the space.
The Open Network Foundation, which was founded by the creators of Telegram and later split off after the U.S. Securities and Exchange Commission sued the messenger over a significant initial coin offering, created the wallet.
The new self-custodial wallet, dubbed TON Space, was unveiled on Wednesday by Telegram and the TON Foundation in conjunction with the Token2049 cryptocurrency conference in Singapore, which draws over 10,000 attendees.
Starting in November, TON Space will be accessible worldwide, with the exception of some nations like the United States, which has launched a number of crackdowns on the cryptocurrency industry and urged numerous crypto apps to geofence users.
