In brief
- Telegram founder Pavel Durov announced a native non-custodial Gram wallet is rolling out to all Telegram apps this summer, targeting more than 1 billion users with instant, zero-fee crypto transactions.
- Gram, Telegram’s native crypto, jumped roughly 7% on the news.
- The coin is still a long way offs from its highs, and 88% down from May levels.
Pavel Durov has a big promise to keep before summer ends. Telegram’s founder announced on Tuesday that the messaging app—think WhatsApp but larger, with over 1 billion monthly active users—will roll out a native non-custodial cryptocurrency wallet across every version of the app, offering instant, zero-fee crypto transactions to all of them.
The crypto wallet is being built to support…
