Walt Replaces Wallet in Telegram

Introduction to Walt

Walt, formerly known as Wallet in Telegram, has rebranded with a new name and expanded features. The platform now supports over 300 assets, including trading, yield products, and perpetual futures. Walt's rebranding comes as Telegram prepares to launch its own Gram wallet, which will focus on in-app transactions.

According to Andrew Rogozov, founder and CEO of Walt, the rebranding is a result of the company's growth over the past four years. Walt started as a simple wallet for buying Toncoin and Bitcoin but has since evolved into a full-scale crypto platform.

Walt's Features

Walt offers a range of features, including trading, yield products, and perpetual futures. The platform supports over 200 crypto assets for trading and has a tokenized asset offering that includes over 100 stocks, ETFs, and metals. Walt also lists yield-bearing Earn products for U.S. dollar-pegged stablecoins, Gram, Tether Gold, Solana, Ethereum, and Tron.

• Deposit, hold, and withdraw over 300 assets across four blockchains
• Trade over 200 crypto assets
• Access tokenized assets, including over 100 stocks, ETFs, and metals
• Perpetual futures service covering over 70 assets

Telegram's Gram Wallet

Telegram's Gram wallet is designed for in-app transactions, such as buying Gram, sending Telegram Gifts, purchasing Stars, transferring funds to friends, and paying for services offered through Telegram apps. The wallet uses a self-custodial model, where users control their assets.

Gram wallet will be available to Telegram's over 1 billion users, and Walt will provide a way for users to top up their Gram wallet directly from Walt.

Key Differences Between Walt and Gram Wallet

The main difference between Walt and Gram wallet is their focus. Walt handles activities beyond everyday transactions, such as trading and holding multiple assets, while Gram wallet is designed for in-app transactions.

Walt's infrastructure will also allow users to add funds to their Gram wallet directly from Walt, providing a seamless experience for users who want to access both platforms.

Future Plans

Walt plans to introduce crypto cards for spending and AI tools for its trading products. The proposed AI features would let users ask questions about markets, review portfolio risk, find trades, and execute perpetual futures through a conversational interface.

Neither feature is part of the current launch announcement, but Walt said they will receive dedicated launches as they become available, with the card release taking place in phases.

Regulatory History

Gram has a separate U.S. regulatory history, with the Securities and Exchange Commission suing Telegram in 2019 over its original Gram token sale, alleging an unregistered securities offering. Telegram later agreed to return over $1.2 billion to investors and pay an $18.5 million civil penalty.

Walt's tokenized stocks and perpetual contracts need to be distinguished from owning shares through a conventional brokerage account, and the company's announcement did not specify which of its tokenized assets or futures are available to U.S. users.

Implications for Indian Readers

For readers in India, the launch of Walt and the upcoming Gram wallet may have significant implications. As the Indian government continues to navigate the regulatory landscape of cryptocurrencies, the availability of these platforms may provide new opportunities for investors and traders.

However, it is essential to note that the regulatory environment in India is still evolving, and users should be aware of the potential risks and challenges associated with using these platforms.

What to Watch Next

As Walt and Gram wallet continue to develop, there are several key areas to watch. The introduction of crypto cards and AI tools will be significant milestones, and the expansion of Gram wallet to Telegram's over 1 billion users will be a major development.

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Additionally, the regulatory environment in India and other countries will be crucial in shaping the future of these platforms. As the crypto landscape continues to evolve, it is essential to stay informed and up-to-date on the latest developments.

Conclusion

In conclusion, Walt's rebranding and expansion of features mark a significant development in the crypto space. As Telegram prepares to launch its Gram wallet, Walt will continue to provide a range of features and services to its users, including trading, yield products, and perpetual futures.

The launch of these platforms has the potential to shape the future of the crypto industry, and it is essential to stay informed and adapt to the changing landscape.

Background and Timeline

Walt's rebranding is the result of four years of growth and development. The company started as a simple wallet for buying Toncoin and Bitcoin but has since evolved into a full-scale crypto platform.

Telegram's Gram wallet has also been in development for several years, with the company first announcing plans for a native wallet in July. The wallet has been gradually rolling out to selected users, with a full launch expected in the near future.

Expert Perspective

According to Andrew Rogozov, founder and CEO of Walt, the rebranding is a result of the company's growth and evolution over the past four years. Rogozov stated that Walt started as a simple wallet but has since grown into a full-scale crypto platform.

Telegram founder Pavel Durov has also commented on the launch of Gram wallet, stating that the wallet will provide users with a seamless and secure way to make transactions within the app.

Implications for the Crypto Industry

The launch of Walt and Gram wallet has significant implications for the crypto industry. The availability of these platforms may provide new opportunities for investors and traders, and may help to increase adoption of cryptocurrencies.

However, the regulatory environment for cryptocurrencies is still evolving, and it is essential for users to be aware of the potential risks and challenges associated with using these platforms.