Gram (CRYPTO: GRAM), previously Toncoin, rallied on Tuesday after Pavel Durov announced a rollout of a native non-cryptocurrency wallet into every Telegram app.
A Native Crypto App For Telegram?
Durov described this as the “largest rollout” of a non-custodial cryptocurrency wallet ever, enabling “zero-fee” transactions for over one billion users on Telegram.
A non-custodial wallet, unlike those managed by centralized cryptocurrency exchanges, gives holders full ownership of their private keys, and by extension, their tokens. At the same time, they become solely liable for the safety of their assets.
Currently, Telegram has a built-in cryptocurrency wallet called Wallet, which allows users to send, store and trade major tokens. However, it is operated by third-party developers, specifically entities affiliated with The Open Network, or the TON Foundation.
