Telegram Releases Self-Custodial Gram Wallet, Boosts GRAM Price

Toncoin has been renamed to GRAM, and its price has rebounded toward $1.40 after Telegram began releasing its self-custodial Gram Wallet to selected users.

The wallet rollout was announced by Telegram CEO Pavel Durov, who said that the company had started giving selected users access to Gram Wallet before expanding availability over the next several weeks.

Gram Wallet will become the default wallet displayed in Telegram's user settings and uses a self-custodial structure, allowing users to control their assets instead of leaving custody with a centralized service provider.

The product supports instant, zero-fee transactions and allows users to send funds, make payments, and purchase products or services inside the app. It also supports Telegram Collectibles, which include digital gifts, usernames, and phone numbers.