• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Investing SafePal wallet adds support for The Open Network (TON)
Investing

SafePal wallet adds support for The Open Network (TON)

by December 21, 2022
by December 21, 2022 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

SafePal, which offers hardware wallets, software wallets, and browser extension wallet solutions and is currently used by more than seven million customers globally, has announced support for The Open Network (TON/USD).

According to the wallet developer, TON support is initially available through the hardware and software wallet options, with browser extension to be rolled out later.

SafePal partners The Open Network

Integration for the TON token follows a strategic partnership between SafePal and The Open Network, a blockchain project originally initiated by the messaging app Telegram. The project is currently an independent, open-source initiative run by the community after Telegram shelved it in May 2020 following a legal battle with US regulators.

SafePal’s support allows users to store and send the TON tokens as well as interact directly with decentralised applications (dApps). SafePal’s decentralised wallet solutions allow users to swap, and trade their crypto assets, as well as explore Web3 due to the wallets’ interconnectivity.

Apart from the wallet support, the two platforms’ partnership also comes with a TON grant aimed at supporting the blockchain project’s open-source development, including across security and interoperability.

Commenting on the wallet support and the need for open-source development, Justin Hyun, TON Foundation’s Head of Incubation, noted:

“We are happy to onboard SafePal as the first hardware solution on TON. Furthermore, we are excited about the prospects of SafePal and their journey to open-source, as this builds greater trust and resilience for the safekeeping of assets.”

$TON price surged amid SafePal news

The TON token surged on Wednesday after the news, with the digital asset’s price rising as high as $2.59 on major crypto exchanges. The more than 14% spike in TON price in the past 24 hours has seen the token’s price soar by 50% in the past two weeks.

TON’s upside is down to increased interest in blockchain, with projects like decentralised exchange STON.fi and @wallet service increasingly popular across the industry.

The post SafePal wallet adds support for The Open Network (TON) appeared first on Invezz.

You Might Also Like
  • DAM Finance releases testnet for its omnichain stablecoin d20
  • Options Greeks: Theta, Gamma, Delta, Vega And Rho
  • Should you buy or sell the S&P 500 index after failing to hold above 4,000 points?
  • Top 3 large-cap stocks reporting earnings in the first week of 2023
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Climate Conferences Fail on Deforestation
next post
Aptos startup Blocto eyes the next billion Web3 users via chain-agnostic wallet

You may also like

Stock market soars as inflation comes in below expectations

December 13, 2022

Josh Brown says this key indicator suggests it’s time to...

November 29, 2022

Options Volume vs Open Interest Explained

May 1, 2023

Here’s how Adobe did in its fourth financial quarter

December 15, 2022

Nike shares rise after robust quarter results but will the...

December 21, 2022

Shell warns of a $2.0 billion tax hit in the...

January 6, 2023

The Surprising Secret to Proper Portfolio Diversification Revealed

May 18, 2023

Protective Put: Defensive Option Strategy Explained

May 24, 2023

Option Trading and Slippage: The Bid-Ask Spread Explained

April 4, 2023

Jim Cramer explains why he likes the Shopify stock

November 28, 2022

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025
    • The Unpredictable Stock Market: How to Make Sense of It

      May 8, 2025
    • AMD CEO calls China a ‘large opportunity’ and warns against strict U.S. chip controls

      May 7, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,630 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,339 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,320 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,302 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,185 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout,...

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Two old tech stocks Jim Cramer...

    December 22, 2022

    Yes, We Are Playing Not to...

    March 11, 2024

    Rolls-Royce share price: Ready for take-off...

    December 19, 2022
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here