Telegram's custodial wallet bot, Telegram Wallet, has launched Wallet Pay, a crypto payment service built on the TON blockchain. This feature accelerates checkout speeds and enhances transaction convenience for users. Currently, it supports payments in Bitcoin (BTC), USDT, and TON, with merchants worldwide eligible to register via its official website.
Telegram Expands into Crypto Payments
As a longtime crypto-friendly platform, Telegram continues to embrace digital asset innovation. With Wallet Pay, users and retailers can now seamlessly conduct crypto transactions within the Telegram app.
Key Features of Wallet Pay:
- Supported Cryptocurrencies: BTC, USDT, and TON.
- Fees: 1%–3% per transaction.
- No Pre-Holding Requirement: Users/merchants can fund their Wallet via debit/credit cards during payment.
- Accessibility: Available via the Wallet Pay Telegram bot or its website (currently in public beta).
👉 Explore Wallet Pay's seamless crypto transactions
Previously, the TON Foundation integrated a built-in Wallet feature in April, enabling fee-free crypto trades and P2P markets within Telegram.
Merchant Compliance and Regional Considerations
Wallet Pay provides a comprehensive merchant onboarding guide, though availability varies by jurisdiction due to local regulations.
Note: Businesses must ensure Wallet Pay aligns with their country’s crypto policies before registering.
Market Context:
- Telegram boasts 700 million MAUs, with top markets in India, Russia, and the U.S.
- Russia (Telegram’s second-largest user base) banned crypto in 2020, highlighting regional legal complexities.
FAQ: Telegram Wallet Pay
1. How do I access Wallet Pay?
- Open the Wallet Pay bot or visit its website to start transactions.
2. Which cryptocurrencies are supported?
- BTC, USDT, and TON.
3. Are there transaction fees?
- Yes, ranging from 1% to 3%.
4. Can merchants globally use Wallet Pay?
- Yes, but compliance with local laws is mandatory.
5. Is pre-owned crypto required?
- No—fund your Wallet via card during payment.
6. What’s next for Wallet Pay?
- Features may evolve post-beta. Stay updated via official channels.
👉 Discover more crypto payment solutions
Risk Disclosure
Cryptocurrency investments are highly volatile and risky. Capital loss is possible. Assess risks prudently.