diff --git a/app/build.gradle.kts b/app/build.gradle.kts
index 700a9a7754..8120e8c86e 100644
--- a/app/build.gradle.kts
+++ b/app/build.gradle.kts
@@ -275,6 +275,7 @@ dependencies {
     implementation(deps.reKotlin)
     implementation(deps.zxing.qrCore)
     implementation(deps.coil)
+    implementation(deps.coil.gif)
     implementation(deps.amplitude)
     implementation(deps.kotsonGson)
     implementation(deps.spongecastle.core)
diff --git a/app/src/main/java/com/tangem/tap/common/images/Coil.kt b/app/src/main/java/com/tangem/tap/common/images/Coil.kt
index 4b269bdca4..28336b233f 100644
--- a/app/src/main/java/com/tangem/tap/common/images/Coil.kt
+++ b/app/src/main/java/com/tangem/tap/common/images/Coil.kt
@@ -1,8 +1,11 @@
 package com.tangem.tap.common.images
 
 import android.content.Context
+import android.os.Build
 import android.util.Log
 import coil.ImageLoader
+import coil.decode.GifDecoder
+import coil.decode.ImageDecoderDecoder
 import coil.memory.MemoryCache
 import coil.request.CachePolicy
 import coil.util.Logger
@@ -25,6 +28,15 @@ fun createCoilImageLoader(context: Context, logEnabled: Boolean = false): ImageL
                     .build()
             }
         }
+        .components {
+            // According to Coil ImageDecoder API is faster and supports animated WebP and HEIF
+            // https://coil-kt.github.io/coil/gifs/
+            if (Build.VERSION.SDK_INT >= Build.VERSION_CODES.P) {
+                add(ImageDecoderDecoder.Factory())
+            } else {
+                add(GifDecoder.Factory())
+            }
+        }
         .memoryCachePolicy(CachePolicy.ENABLED)
         .memoryCache {
             MemoryCache.Builder(context)
diff --git a/gradle/dependencies.toml b/gradle/dependencies.toml
index 3f1defd17d..2353d61b82 100644
--- a/gradle/dependencies.toml
+++ b/gradle/dependencies.toml
@@ -214,6 +214,7 @@ test-hilt-compiler = { module = "com.google.dagger:hilt-android-compiler", versi
 amplitude = { module = "com.amplitude:android-sdk", version.ref = "amplitude" }
 armadillo = { module = "at.favre.lib:armadillo", version.ref = "armadillo" }
 coil = { module = "io.coil-kt:coil", version.ref = "coil" }
+coil-gif = { module = "io.coil-kt:coil-gif", version.ref = "coil" }
 kotlin-coroutines = { module = "org.jetbrains.kotlinx:kotlinx-coroutines-core", version.ref = "coroutine" }
 kotlin-coroutines-rx2 = { module = "org.jetbrains.kotlinx:kotlinx-coroutines-rx2", version.ref = "coroutine" }
 kotlin-coroutines-android = { group = "org.jetbrains.kotlinx", name = "kotlinx-coroutines-android", version.ref = "coroutine" }