🏳️ Gram Wallet in Telegram is ready and is now accessible to a select group of users.

— Pavel Durov

@telelakel

💎 I analyzed the code of Telegram Beta for iOS v12.10.0 (34738) and found more detailed information about the upcoming Gram Wallet.

🐶 Here is what is known:
— Creating, importing and restoring Gram Wallet
Users will be able to create a new wallet using a Recovery Phrase, while importing a wallet will support 12- or 24-word phrases. Telegram will check whether the entered words and the Recovery Phrase itself are valid. Wallet recovery on a new device will also be supported.

— Recovery Phrase protection and backup
The wallet's secret data will be securely stored on the device and should not leave it in an unencrypted form. The Recovery Phrase can be stored in an encrypted backup: it is split into several encrypted parts and distributed across Telegram's data centers. Access to the backup is additionally protected by the two-factor authentication password. During recovery, the data is collected and decrypted locally on the new device.

— Key Rotation without changing the address
Key Rotation will allow users to replace the keys of an existing Wallet while keeping the wallet address and transaction history unchanged. After that, the old key will no longer be able to sign new operations.

— Gram and TON DNS transfers
The Wallet will support sending Gram to blockchain addresses and ".ton" names. Before sending, it will check the balance, the current wallet state, the fee and the possible result of the transaction. It will also be possible to send the entire available balance with the fee calculated automatically.

There will also be an option to send Gram directly to Telegram users. You will be able to select a recipient from your contacts, use the «Money» button in the attach menu, or open a user's profile and select the corresponding action from the three-dot menu. In this case, the Wallet will determine the appropriate way to credit the funds to the selected user, so there will be no need to manually copy a blockchain address.

— Encrypted comments
Encrypted comments can be added to Gram transactions. The text will be encrypted for the recipient before being added to the blockchain transaction.

— NFTs, Collectibles and Jettons
The Wallet will be able to store, view and transfer NFTs, as well as work with Jettons. Before sending an NFT, its owner and current state will be checked, including whether the asset is currently listed for sale or placed in an auction. The Wallet will also automatically calculate the required fee for transferring an NFT.

— TON Connect and Web3
The Wallet will be able to connect to Web3 apps through TON Connect. Users will see information about the connected app and the requested permissions, after which they can approve or reject the connection. Web3 apps will be able to request transactions, message signatures and TON Proof. Before executing an operation, the Wallet will verify it and require confirmation through Face ID or Touch ID.

— Buying cryptocurrency with fiat
Gram Wallet already has a system prepared for purchasing cryptocurrency with regular money. Users will be able to select a cryptocurrency, fiat currency, payment provider, payment method and amount. Before the purchase, the Wallet will check whether the operation is available in the user's region, supported currencies and payment methods, minimum and maximum limits, as well as the current exchange rate and final amount. After confirmation, a payment session will be created with a predefined Wallet address for receiving the cryptocurrency. The payment providers will likely be MoonPay and Ramp Network.

Most of these features are not yet available to users through the visual interface — they are currently implemented only at the code level. These features may change or be expanded with new functionality in the future.

@telelakel