Telegram’s
TON Wallet Won’t Integrate Its Messaging App at Launch, Firm Says
Telegram has published a notice
informing its users that the TON cryptocurrency network will launch with an
official wallet app that won’t initially be integrated into the popular
privacy-centric messaging app.
The TON Wallet is the
application that’ll allow users to store TRON’s native Gram tokens.
Telegram’s notice reads:
“In this regard, the TON Wallet is expected
to compete with any other wallet applications designed and offered by third
parties. Telegram may integrate the TON Wallet application with the Telegram
Messenger service in the future to the extent permitted under applicable laws
and governmental authorities.”
TheBlock points out that in a
Terms of Services dated October 2019, Telegram said its Grams wallet would
either be an independent application or would be incorporated into the
Telegram application.
Telegram further stressed it
hasn’t made any commitment to develop an application for the TON blockchain,
and may not do so after the network goes live. Per its notice, it’s the
responsibility of third parties and the community to implement such
applications and smart contracts.
The firm’s statement comes as
it battles the U.S. Securities and Exchange Commission
(SEC) over its allegedly illegal initial coin offering, in
which it’s said to have raised $1.7 billion.
