MoonPay Launches Deposits Feature in Wallet on Telegram

• MoonPay Deposits automates swaps and bridging for wallet-to-wallet transfers across blockchains.

• TON Wallet users can fund accounts with BTC, ETH, SOL, or stablecoins without prior TON holdings.

• Over 100M Telegram users gain simplified access to TON apps with 1:1 stablecoin conversions.

MoonPay today announced the launch of MoonPay Deposits, a new tool designed to simplify wallet-to-wallet crypto transfers. The feature is now available inside the self-custodial TON Wallet within Wallet in Telegram. It allows users to fund applications using crypto they already hold, regardless of token or blockchain.

MoonPay Deposits Removes Transfer Friction

MoonPay Deposits allows users to send crypto from an existing wallet without manual swaps or bridges. Instead, users select the asset they want to send. MoonPay then manages swapping, bridging, and cross-chain routing automatically.

Notably, wallet transfers often fail due to incorrect networks or unsupported assets. MoonPay Deposits addresses that issue by handling compatibility and routing in one flow. As a result, funds arrive in the correct wallet and asset.

The system operates entirely on MoonPay’s infrastructure. It manages deposit detection, asset conversion, and final delivery. Additionally, the solution integrates directly into partner environments, including Wallet in Telegram.

Ivan Soto-Wright, MoonPay’s co-founder and CEO, said users should not navigate complex steps to fund accounts. He explained that the service lets users rely on existing crypto holdings while MoonPay handles technical execution.

TON Wallet Access Expands Across Networks

With this launch, more than 100 million users can fund TON Wallet using assets from other blockchains. According to MoonPay, assets automatically convert into tokens supported by the platform.

Previously, users needed TON-based assets before accessing the wallet. However, MoonPay Deposits removes that requirement. Users can now send BTC, ETH, SOL, stablecoins, or other assets from external networks.

Stablecoins convert at a 1:1 rate, according to the company. MoonPay then delivers TON or other supported tokens directly into Wallet in Telegram. This approach reduces setup friction across Telegram’s decentralized application ecosystem.

Andrew Rogozov, founder and CEO of The Open Platform and Wallet in Telegram, said the change removes a major onboarding barrier. He noted that users can now enter and exit the TON ecosystem without exchanges or forced conversions.

How the Deposit Process Works

The deposit process begins inside TON Wallet. Users tap “Deposit” and choose between stablecoins or other crypto options. Next, they select the sending token and network. The wallet then generates a deposit address. Users copy the address or scan a QR code.

They paste it into their wallet or exchange withdrawal page. After entering the amount, users review the details and confirm the transfer. MoonPay then executes swaps and routing. Finally, the wallet credits users in their chosen asset and delivers funds to the selected destination.