Telegram's integrated custodial wallet bot, Telegram Wallet, has launched Wallet Pay—a new crypto payment service built on the TON blockchain. This feature allows users to make faster purchases and simplifies transactions for both customers and merchants. Payments can be made using Bitcoin, USDT, or TON, and businesses worldwide can now apply to accept crypto payments through the official Wallet Pay platform.
Expanding Telegram’s Role in Crypto Payments
Telegram has long been recognized as a crypto-friendly messaging application. With the rapid growth of cryptocurrency adoption and digital payment solutions, the platform continues to expand its offerings. The introduction of Wallet Pay marks another milestone in its journey toward integrating financial services directly into its ecosystem.
Wallet Pay functions as both a commercial platform and a payment system within Telegram’s built-in Wallet service. It enables peer-to-peer crypto transactions between users and retail merchants without leaving the Telegram app. This seamless experience is designed to make everyday crypto payments more accessible.
Currently, Wallet Pay supports Bitcoin (BTC), Tether (USDT), and The Open Network’s native token (TON). Transaction fees range from 1% to 3%, depending on the currency and network conditions. Notably, users and merchants don’t need to hold cryptocurrency in advance—they can fund their Wallet during the checkout process using a bank card.
The service is available for public testing through the Telegram bot or the Wallet Pay website. Some features may be adjusted based on user feedback before the official full release.
Earlier this year, the TON Foundation integrated a native wallet feature called Wallet directly into Telegram. This allowed users to buy, sell, and send cryptocurrencies commission-free. The addition of Wallet Pay builds on this infrastructure, offering a more comprehensive financial toolkit.
👉 Explore seamless crypto payment solutions
Merchant Guidelines and Regional Considerations
Wallet Pay provides a detailed registration guide for businesses interested in accepting crypto payments. Although the service is available in many countries, its functionality may be limited in regions with strict cryptocurrency regulations.
The team behind Wallet Pay emphasizes that merchants are responsible for ensuring that their use of crypto payments complies with local laws. This is particularly important in countries where digital assets are restricted or banned.
For example, Russia—one of Telegram’s largest markets—banned cryptocurrency payments back in 2020. Businesses operating in such regions must exercise caution and seek legal advice before integrating Wallet Pay.
According to recent data, Telegram has around 700 million monthly active users globally, with significant usage in India, Russia, and the United States. This broad user base presents a substantial opportunity for crypto adoption, provided that regulatory challenges are navigated carefully.
Frequently Asked Questions
What is Wallet Pay?
Wallet Pay is a payment service within Telegram that allows users and merchants to transact using cryptocurrencies. It supports Bitcoin, USDT, and TON, and is designed for fast, in-app purchases.
How do merchants sign up for Wallet Pay?
Businesses can apply through the official Wallet Pay website. They must provide basic business information and ensure that offering crypto payments is legal in their jurisdiction.
Are there transaction fees?
Yes. Wallet Pay charges between 1% and 3% per transaction, depending on the cryptocurrency used and current network conditions.
Can users pay with fiat currency?
While payments are made in crypto, users can fund their Wallet using a bank card at the point of sale, eliminating the need to pre-purchase cryptocurrency.
Is Wallet Pay available worldwide?
Wallet Pay is accessible in many countries, but restrictions apply in regions where cryptocurrency use is prohibited. Users and merchants should confirm local regulations before using the service.
What makes Wallet Pay different from other crypto payment systems?
It is fully integrated into Telegram, making it convenient for the app’s large user base. It also supports instant conversions from fiat to crypto during transactions.
Note: Cryptocurrency investments carry significant risk due to market volatility. Investors should conduct thorough research and consider their risk tolerance before participating in crypto-related activities.