David Edwards
In a strategic move to capitalize on Telegram’s rapidly expanding crypto ecosystem, SafePal, a self-custodial cryptocurrency wallet provider, has launched a Mini Wallet App on Telegram Messenger. This wallet enables Telegram’s 950 million users to create crypto-enabled, compliant Swiss bank accounts directly within the app. Officially introduced on November 2, the Mini Wallet App had a pre-launch reveal during the TON Gateway event, which celebrates The Open Network (TON) ecosystem.
SafePal’s Mini Wallet App is designed as a “CeDeFi” solution, blending centralized and decentralized finance features. This model offers the flexibility and accessibility of decentralized finance (DeFi) alongside the compliance structures of centralized finance (CeFi), facilitating secure and efficient crypto transactions. In addition, the wallet allows users to connect a digital Visa card, making it the first Telegram Mini App to introduce crypto Visa card transactions within the Telegram platform.
To enable these bank-like features, SafePal has partnered with Swiss-licensed fintech Fiat24, which handles KYC and user onboarding without account or management fees. Once verified, users can link their crypto-friendly accounts to Visa for seamless transactions. Fiat24 manages these compliant accounts and registration data independently, ensuring privacy and decentralization remain central within SafePal’s non-custodial wallet ecosystem.
SafePal co-founder and CEO Veronica Wong emphasized the significance of this partnership with Telegram, highlighting the opportunity to bridge crypto accessibility gaps through Telegram’s wide reach in the Web3 space. SafePal’s Telegram integration reflects a broader shift in crypto’s adoption trajectory, harnessing popular social platforms to offer accessible, compliant banking solutions.
