The cryptocurrency service Antarctic Wallet has integrated support for The Open Network (TON) blockchain, as reported to ForkLog by representatives of the project.
At the time of writing, the wallet supports deposits in the TRON network (fee — $2.75) and TON ($0.5). In the near future, developers plan to add support for Bitcoin, Solana, and BNB Chain.
In an upcoming update, the project team intends to introduce the ability to top up Steam and mobile phone balances, as well as enter the Turkish market with QR code payments.
What is Antarctic Wallet?
Antarctic Wallet is a service that allows cryptocurrency to be exchanged for payment of goods and services in rubles. The wallet does not facilitate direct fiat transfers.
“Amid restrictions on international transactions, a new crypto infrastructure is forming in Russia. Antarctic Wallet is becoming a bridge between external markets and the national economy, allowing funds to be brought into the country and goods and services to be paid for instantly via QR code. Such services not only expand access to digital finance but also enhance the development of the Russian payment system,” comment representatives of Antarctic Wallet.
When using the service, cryptocurrency is exchanged for payment of goods—without bank cards or cash. Unlike the classic scenario, where the user first receives fiat and then makes a purchase, here one can complete the transaction directly through Antarctic Wallet.
How the Service Works
In creating Antarctic Wallet, the team was inspired by the Thai model, where cryptocurrency is converted into local currency before payment. The service can be used by:
- tourists without bank accounts. A foreign guest rents accommodation in Russia. Unable to open a bank account, and with local terminals not accepting their card, they use Antarctic Wallet to convert USDT into rubles and simply scan a QR code—the transaction is completed instantly via the SBP.
- freelancers without banking services. A developer receives payment in USDT from an overseas client. The funds arrive in Antarctic Wallet. They make purchases through the Telegram bot—the exchange of goods and services occurs in rubles. No bank card is needed.
Earlier, Exved CEO Sergey Mendeleev stated in an interview for the “Podcast Society” on ForkLog’s YouTube channel that one of the main reasons for pressure on the crypto business in Russia is the lack of clear regulation.