Telegram has issued a notice clarifying that when its TON Wallet launches, it won’t be integrated into its privacy-centric messaging app.
According to the notice, the company’s application to store the native Gram tokens, the TON Wallet, will be a stand-alone service that will be competing with the cryptocurrency wallets supporting the Gram token offered by other service providers, without being integrated into the Telegram app.
The notice adds the integration may come in the future:
In this regard, the TON Wallet is expected to compete with any other wallet applications designed and offered by third parties. Telegram may integrate the TON Wallet application with the Telegram Messenger service in the future to the extent permitted under applicable laws and governmental authorities.
In the notice Telegram stressed it’s independent from the TON network, noting it hasn’t promised to develop any applications for the blockchain, and may not develop any after it goes live. Per the notice, it will be the “sole responsibility of third parties and the community to adopt and implement such applications or smart contracts on the TON Blockchain.”
It adds Telegram doesn’t guarantee “that anyone will adopt or implement such features or provide such services, on any given timetable or at all.” The notice comes ahead of the TON blockchain’s scheduled launch in April of this year, after investors voted to delay it from October 2019.
Telegram has recently refused to share “highly relevant” records with the U.S. Securities and Exchange Commission (SEC) regarding its allegedly illegal initial coin offering, in which it is said to have raised a total of $1.7 billion.
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