@Telegram Messenger officially launched its TON wallet integration in the US. Now, 87 million users have direct access to the blockchain through their app. Blockchain adoption will only accelerate from here. How can your business take advantage of this opportunity? A thread

The key to good integration is user experience. Currently, crypto native UX still sucks. From hiding your seed phrase to paying gas fees, the crypto user interface has plenty of pitfalls. The businesses that can navigate around these issues and successfully protect their users from bad UI will see the highest rates of adoption. So what are the steps your business needs to take?

While self custody is a main selling point of crypto, dealing with seed phrases is annoying. Your business needs to offer the option of wallet recovery through email, 2FA, or any other common password recovery system. @Telegram Messenger is able to create a high degree of flexibility by letting users either import an existing wallet or giving them the choice of self custody over their seed phrase vs email backup.

Similar to self custody, signing every transaction can seem intimidating for new users. If you streamline the signing process by offering face ID/passcode as an authentication method instead of reading through transaction details and manually clicking the sign button, it can increase the feeling of security and avoid user error. While advanced crypto users prefer to see tx details to ensure they’re correct, a majority will prefer using face ID to automatically sign the tx for them and avoid unnecessary complexity.

On the topic of security, it’s a good idea to have whitelisted dApps for novice users to freely interact with. Wallets like @Base have a dedicated Apps page that can directly point users to a wide variety of dApps that can introduce them to decentralized finance while avoiding shady sites and scams. Or you can take it a step further and directly integrate these apps into your wallet as a service - for example native $USDe staking that can be accessed via wallet interface without ever leaving the app.

The interface of your wallet must be straightforward: Buy, Sell, Swap, and Transfer. Recognize that most users will want to solely use built-in wallets to interact directly with your application, and center the UI around their needs. The TON wallet in Telegram operates on the basis that its users will be interacting with one another and built-in mini apps and exchanges, so they’ve structured their UI around this principle. The simpler the UI, the more inclined new users will be to test it.

If your wallet supports multiple chains, that infrastructure should be hidden and assigned automatically when possible. Don’t confuse the user by separating their assets by chain. If they want to send/receive assets, clearly identify distinct addresses and which chains they support, and error trap imported addresses to only receive assets on their given chain. Telegram has a closed ecosystem that exists solely on the TON chain, so they are able to avoid this issue and maximize user/revenue retention. This also incentivizes more apps to become compatible with this chain to access their user base.

Onboarding fiat currency is always a barrier for entry, which is why it’s the most important step to integrate correctly. Your wallet should offer direct integration with onramps like @MoonPay 🟣 or centralized exchanges that can offer the widest variety of purchase options. If your project has its own token, this can be a prime opportunity to directly onboard new users - @Telegram Messenger offers the in-app option to buy the $TON ecosystem token, which can then be directly staked (in-app) for ~3.5% APY. Such a direct pipeline increases the number of wallets holding $TON and now those users will be inclined to keep holding the token for the yield, even if they don’t interact with other dApps.

KYC, or Know-Your-Customer, is a widely disliked yet necessary step for most wallets. Through KYC steps, your app can avoid issues with fraud or scams by directly tying each user to their onchain address and assuming responsibility over your user base. Additionally, it will help reduce the risk of bot armies taking over your blockchain ecosystem and increasing costs through MEV attacks or perpetrating scams. KYC can help establish an authentic user base for your business that is also complicit with all laws and regulations regarding the custody of digital assets.

With the introduction of so many new frameworks that help regulate the crypto market, the blockchain sector is ready for a massive boom. Don’t miss this opportunity. Make sure your business is positioned to take full advantage of this powerful tech.

If you enjoyed this thread and want to learn more about these types of systems or have questions about any of the ideas discussed, check out http://dcft.site for a free course on the fundamentals of blockchain or to reach out for a consultation! Become a blockchain pro today!