MoonPay, a leading global provider of crypto payments infrastructure, has introduced a groundbreaking feature called MoonPay Deposits, aimed at easing the process of funding cryptocurrency accounts across various blockchains. The initial rollout of this innovative solution occurs within the Wallet feature of Telegram, granting its extensive user base—exceeding 100 million individuals—the ability to fund their self-custodial TON Wallets using assets held on other networks.
In traditional settings, transitioning assets between different blockchains can be cumbersome and often fraught with challenges. For example, sending Ethereum to a TON address typically requires users to navigate intricate bridging protocols or multiple cryptocurrency exchanges. Such complexities can lead to errors in network selection, potentially resulting in failed transactions or even the loss of funds.
MoonPay Deposits seeks to eliminate these technical hurdles by managing all aspects of asset swapping, bridging, and cross-chain routing seamlessly in the background. Users can easily send cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), or stablecoins, from their existing external wallets. MoonPay then delivers the converted balance directly into their TON Wallet, providing a streamlined funding experience.
Ivan Soto-Wright, co-founder and CEO of MoonPay, emphasized the importance of simplifying access to crypto transactions, stating, “Users shouldn’t have to buy new assets or navigate complex steps just to fund an account. We simplify the process by letting people use the crypto they already have while we handle the technicalities behind the scenes, making it easier to move value across the ecosystem and access a broader range of applications.”
This new feature also aims to enhance the adoption of the TON network within the Telegram ecosystem. A significant barrier to crypto adoption has always been the necessity for users to already possess assets on the TON network to begin using it. Andrew Rogozov, founder and CEO of the open platform and wallet integrated into Telegram, pointed out, “One of the biggest challenges in crypto adoption is the first step—getting users funded and ready to participate. Until now, using TON Wallet meant already having assets on TON, which created unnecessary friction and limited access to the broader ecosystem. Now, we’re removing that barrier entirely.”
The MoonPay Deposits feature is now live, embedded within the self-custodial TON Wallet section of the Wallet interface in Telegram, making it easier for new users to engage with and explore the TON ecosystem without the initial challenges that typically accompany crypto transactions.
