SafePal Unveils Its Mini Wallet App, Allowing Telegram's 950 Million Users to Create Crypto-Friendly Bank Accounts

With this launch, SafePal introduces its Mini Wallet App. This app allows Telegram's 950 million users to create their crypto-friendly bank accounts

SafePal has launched its Mini Wallet App within Telegram, enabling the messaging platform's 950 million users to create crypto-friendly bank accounts that adhere to Swiss laws. Let's delve deeper into this latest development for the crypto wallet.

About SafePal's Mini Wallet AppThe Mini Wallet App was announced on November 2 at the TON Gateway event, showcasing its integration within The Open Network (TON) ecosystem. This new wallet allows users to set up “fully compliant bank accounts” that follow the regulations stipulated by the Swiss Financial Market Supervisory Authority (FINMA). As a result, users can safely store and manage their cryptocurrency within a framework that aligns with Swiss laws.

SafePal's Mini Wallet App uniquely combines the principles of centralized and decentralized finance (CeDeFi). Additionally, users can conduct transactions using a digital Visa card.

This year, @iSafePal is partnering with @ton_blockchain to bring a safe and seamless UX to TON.

To celebrate, we're releasing a limited edition VIP Giftbox at #TONGateway.

We're giving away 3 here:

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-Ends in 48 Hourshttps://t.co/mtFEqUXcEo pic.twitter.com/BHRnW27uhu

— SafePal – Crypto Wallet (@iSafePal) November 1, 2024

A Growing TrendIt comes as no surprise that SafePal is venturing into Telegram's crypto ecosystem. Throughout 2024, Telegram has notably become a hub for tap-to-earn games and other crypto-related activities. According to SafePal co-founder and CEO Veronica Wong, Telegram has emerged as an optimal platform for connecting users to the Web3 industry, where blockchain and decentralized applications flourish.

The Mini Wallet App facilitates seamless transactions, allowing users to send, receive, deposit, and withdraw both crypto and fiat currency within the Telegram interface. Moreover, SafePal is planning to integrate a swap function, enabling users to exchange cryptocurrencies directly within the app.

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