TON Foundation Launches TON Pay, Aims to Build Telegram into a Crypto Payment Settlement Layer

Odaily News The Open Network Foundation has announced the launch of the payment software development kit TON Pay, aiming to enable crypto assets to be used for daily consumption scenarios within the Telegram ecosystem. TON Pay is positioned as a wallet-agnostic payment layer, supporting merchants and Mini App developers to directly accept crypto payments within Telegram.

Nikola Plecas, Vice President of Payments at the TON Foundation, stated that TON Pay can be integrated through a single SDK, supports multiple tokens including Toncoin and USDT, and aims to achieve sub-second transaction confirmation with an average fee of less than 1 cent. The system will initially operate within Telegram Mini Apps, with plans to later expand to the Web and other platforms, and gradually support subscription payments, gasless transactions, and localized fiat withdrawal services. (Cointelegraph)