SafePal unveiled its new Telegram Mini Wallet App at the TON Gateway event dedicated to The Open Network (TON) ecosystem on November 2. According to the company, the app will allow users to open compliant bank accounts licensed by the Swiss Financial Market Supervisory Authority (FINMA).

First Telegram Mini App with CeDeFi Support

SafePal’s new crypto wallet on Telegram stands out as the first Telegram Mini App that combines the principles of centralized and decentralized finance (CeDeFi) to enable transactions with a digital crypto Visa card. This wallet, which is planned to be live in November, stands out with its compatible bank accounts feature.

SafePal’s decision to enter the Telegram ecosystem comes after the popularity of tap-to-earn Telegram games, which saw significant growth in 2024. SafePal co-founder and CEO Veronica Wong stated that these apps have proven to be an effective platform for bringing users together with the Web3 sector, saying:

“While these apps provide entertainment and rewards for users, we also want to solve critical problems such as crypto-friendly and compliant banking access for over 950 million Telegram users.”

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The post SafePal Launches Telegram Crypto Wallet with Visa Card Support appeared first on Coin Engineer.