Telegram Just Became Your Memecoin Wallet

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In the bustling landscape of cryptocurrency startups, making an impact frequently necessitates a touch of daring innovation. Enter RampMeDaddy, a moniker that resonates with the assertive branding of domain registrar GoDaddy, yet offers something uniquely distinct: effortless crypto transactions directly through Telegram.

Originally started as a hackathon project at Consensus 2024, it has since developed into the initial memecoin wallet built directly on Telegram. The ultimate goal is to simplify cryptocurrency transfers to the extent that they become comparable to sending a text message (if you’re interested in participating in the EasyA Hackathon at Consensus Hong Kong 2025, please follow this link).

Andrey Chabanov and Trevor Hoffman, who were formerly executives at iTrust Capital, have a solid background in the digital assets sector. They played a significant role in growing iTrust Capital into a $1.3 billion company that specializes in crypto IRAs. Contrastingly, their new venture, RampMeDaddy, marks a significant change in the user demographic they’re catering to. Moving from guiding conservative retirement planners to navigating the unpredictable landscape of memecoin traders might challenge their skills in risk management and user safety.

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The solution they’ve developed takes advantage of Telegram’s vast worldwide user base, numbering over one billion, which is known for its crypto expertise. As per Hoffman’s report, around 84% of crypto enthusiasts also actively use Telegram, making it an excellent platform to debut their peer-to-peer payment system. The wallet allows users to purchase, sell, and trade memecoins, as well as conduct cross-border transactions using USDC on the Stellar blockchain.

According to Chabanov, when you depart the U.S., transactions become significantly more intricate. However, by utilizing Stellar anchors, we can simplify both entering and exiting (on- and off-ramping) in over 100 countries, effectively eliminating geographical boundaries from payments. The team opted for Stellar due to its rapid processing speed, minimal transaction fees, and extensive network of anchors, all of which support their aim to make finance more accessible to everyone.

As an analyst, I prioritize security in all my endeavors, and this is no exception. The wallet we’ve developed includes biometric authentication and local key storage to ensure the highest level of protection for your funds. For added convenience, you can choose to authenticate using Face ID or fingerprint verification, thereby eliminating the hassle associated with managing seed phrases.

In the unfortunate event that your device is lost, we’ve implemented a recovery process similar to traditional web services, where you can restore your wallet by verifying your email address. This measure provides an additional layer of security and peace of mind.

After triumphing at the hackathon, RampMeDaddy has successfully established collaborations with the Stellar Foundation and Draper U Ventures. This growth extends their original concept past just crypto onboarding. With a team of seven individuals, including a previous BNY Mellon compliance officer, they are gearing up for a wallet launch in January. Simultaneously, they plan to introduce a mini-game on Telegram to boost user recognition.

As they look to the future, Chabanov and Hoffman envision RampMeDaddy emerging as the top digital wallet for worldwide, borderless payments. “Our goal is to offer a comprehensive platform for digital identity and payments, accessible within Telegram and beyond, in the next five to ten years,” Chabanov stated. The team also intends to broaden their services by connecting with various blockchains and decentralized exchanges (DEXs). This expansion will provide users with early access to memecoins while keeping the primary emphasis on streamlined peer-to-peer transactions.

In unfamiliar places, cash remains the dominant form of payment. However, Chabanov proposes a more advanced method, stating, “But in our world, Daddy has a different way to pay.” With over a billion users on Telegram and cryptocurrency’s borderless nature, RampMeDaddy’s unconventional approach to finance could potentially be bold enough to succeed.

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2025-01-16 19:26