Telegram Gives 100M+ Users Key to Stellar’s Fast, Low-Cost Blockchain World
- Telegram's in-app wallet now supports Stellar Lumens (XLM), expanding access to 100M+ users and emphasizing cross-platform digital asset accessibility. - The integration highlights Stellar's fast, low-cost blockchain for cross-border transactions, joining Bitcoin and Ethereum in Telegram's ecosystem. - Analysts predict increased XLM adoption in Asia, Eastern Europe, and the Middle East, though price impacts remain uncertain due to weak user-activity correlations. - Enhanced security features and on-chain
Telegram's latest update to its in-app cryptocurrency wallet has expanded support to include Stellar Lumens (XLM), a move that brings the asset to an estimated 100 million users of the platform. The addition, which allows users to send and receive XLM instantly, marks the first major integration since the wallet's launch and underscores the growing emphasis on cross-platform digital asset accessibility.
The integration was announced via Telegram's public blog, where the company emphasized the importance of user convenience and financial autonomy. The wallet, previously limited to a few major cryptocurrencies, now offers broader utility by supporting multiple blockchain protocols. According to the update, the Stellar network was chosen for its scalability and efficiency, particularly in cross-border transactions where XLM is commonly used. Telegram did not specify if XLM will be available for trading within the app or only for transfers and storage.
With over 100 million monthly active users globally, Telegram's wallet expansion is expected to significantly increase the exposure and adoption of XLM. The platform's user base spans multiple regions, with notable concentrations in Asia, Eastern Europe, and the Middle East. Analysts suggest that the integration could contribute to a rise in XLM transaction volumes, particularly among users who previously relied on third-party platforms for Stellar-based operations. However, it remains to be seen whether this will translate into broader price movements for XLM, as user activity does not always directly correlate with market price action.
Security and compliance remain central to the wallet's design, with Telegram citing multi-layer encryption and decentralized storage mechanisms to safeguard user funds. The platform has previously faced regulatory scrutiny, particularly around the Telegram Open Network (TON) project, but the wallet's current offering appears to be more aligned with mainstream compliance standards. The company also noted that all transactions are processed on-chain, ensuring transparency and immutability.
As of the time of the announcement, XLM was trading near $0.00035, with a market capitalization of approximately $1.9 billion. While the integration is unlikely to shift XLM's market dominance immediately, it could enhance the token’s utility for everyday transactions, particularly in regions where Stellar's partnerships with financial institutions have already established a presence. The move positions Telegram as a key player in the evolving landscape of integrated blockchain services, offering users greater flexibility in managing their digital assets within a widely used communication platform.
Source:
[1] Telegram Blog
[2] Coindesk
[4] CoinMarketCap
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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