Telegram Gives Gram the Everyday Wallet Role as Wallet Becomes Walt

Summary

• Telegram’s Gram wallet will handle everyday payments and transfers, while Walt offers trading, investing, and access to hundreds of assets.
• Existing Walt customers retain their funds and settings, while Gram takes Wallet’s former position in Telegram’s settings without requiring migration.
• Walt plans crypto cards and conversational trading tools, while Gram introduces users to simpler payment services across Telegram’s ecosystem.

Telegram is dividing its crypto services between everyday payments and advanced investing, with Wallet becoming Walt and Gram wallet taking its place in Telegram’s settings.

Gram and Walt Take Distinct Roles in Telegram

According to Walt’s announcement on X, the existing product supports 300 assets alongside its trading and earning tools. Andrew Rogozov, founder and chief executive of The Open Platform and Walt linked the rebrand to that expansion.

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Gram wallet will handle routine activity, including holding Gram and transferring funds between people within Telegram. Users can also send Gifts, purchase Stars, and interact with Telegram apps through the simpler wallet. Consequently, both products serve different needs within Telegram.

Gram will occupy the place in Telegram’s settings previously held by Wallet, offering users a familiar entry point. Meanwhile, existing customers can reach the renamed platform through the @walt account on Telegram.

Walt will serve people seeking to trade, invest, and transfer assets between blockchain networks. Additionally, users can fund their Gram wallets through Walt, connecting its broader financial services with everyday payments.

Customers need no migration as Walt changes its name, logo, and social handles across its services. Their funds, settings, and account information will remain intact throughout the transition to the new identity. The original Telegram bot for buying Toncoin and Bitcoin now serves millions of users with hundreds of assets.

Walt Plans Cards and Trading Tools

Walt plans to introduce crypto cards that would let customers spend digital assets in the real world. Moreover, it is developing conversational tools for examining markets, assessing portfolio risks, and finding trading opportunities.

According to Rogozov, those tools could also help users execute perpetual futures trades. However, Walt has not provided launch dates for the planned features that would expand its investment services.

Gram aims to introduce more Telegram users to crypto through simpler payments and transfers within the platform. Rogozov expects some of those users to explore Walt’s advanced products as their needs grow. The rebrand gives each product a distinct role, with Gram handling routine activity and Walt housing broader crypto services.

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