Telegram’s Wallet Bot Initiates Pilot in Kenya And South Africa, Expanding Globally In 2024
Originally introduced in September 2023 as TON Space, Wallet is a Telegram bot designed to facilitate crypto buying and selling.
By Anna B Kiwanuka
The cryptocurrency trading bot, Wallet, is making its worldwide debut on Telegram Messenger across various countries in Latin America and Africa. The global launch announcement was made by The Open Platform (TOP), an investment platform based in Dubai and affiliated with TOP Labs and Wallet, on November 10, 2023.
Originally introduced in September 2023 as TON Space, Wallet is a Telegram bot designed to facilitate crypto buying and selling. It has now been seamlessly integrated into the Telegram settings menu for users in countries such as Colombia, South Africa, Kenya, and several others in Africa and Latin America.
Andrew Rogozov, Founder/CEO of The Open Platform, announced the global rollout of Wallet during an event at The Gateway in Dubai, stating, “I’m happy to announce that the global rollout of Wallet in Telegram starts today. It’s a very exciting moment, and our team worked very hard. We’re starting with selected countries in Africa, expanding to MENA, EE, and Asia in Q1 2024, and to the entire world by Q2 2024.”
While Wallet has been accessible to global users for several months, the latest update allows users to find Wallet directly in the settings menu, eliminating the need to search for the bot or possess extensive crypto knowledge to get started.
TOP’s focus is on developing markets where the lack of accessible financial tools has generated an organic demand for crypto assets. A representative from TOP stated, “We know that Telegram has a significant user base in these regions, and so it was only natural to start our global rollout in these jurisdictions.”
Countries like Nigeria, Kenya, and Colombia were selected due to their “very active Telegram user base with a relatively high rate of crypto adoption.” TOP’s strategy involves an initial launch in smaller countries to refine both the operational and technical aspects of the product before scaling its integration and operations.
Following the initial launch in Latin America and Africa, the Wallet crypto bot is expected to be introduced in Saudi Arabia, Nigeria, and Turkey in the first quarter of 2024. TOP aims to complete the global rollout of Wallet on Telegram by the conclusion of the second quarter of 2024, as outlined in their official announcement.
Andrew Rogozov, TOP CEO, emphasized, “These strategic enhancements to Wallet and TON Space underscore our continued dedication to simplifying the crypto experience for mainstream audiences while maintaining robust security features.”