TON Foundation partners with OSL’s Banxa to expand stablecoin payment infrastructure for Asia-Pacific merchants
TON Foundation and OSL's Banxa partnered to deploy stablecoin payment processing for APAC SMEs using the TON blockchain.Summary
The TON Foundation has collaborated with crypto infrastructure provider Banxa, an OSL Group company, to introduce stablecoin payment processing capabilities for small and medium-sized enterprises (SMEs) throughout the Asia-Pacific (APAC) region. This integration connects Banxa's licensed fiat-to-crypto on- and off-ramp network with The Open Network (TON) blockchain, facilitating business-to-business settlements, consumer-to-business payments, and cross-border transactions for APAC businesses. Nikola Plecas, VP of payments at TON Foundation, stated the partnership aims to create commercial utility for global builders and businesses using TON. This move follows the recent launch of TON Pay, a payment SDK designed to enable Telegram Mini Apps to accept Toncoin and USDT directly within the platform, targeting Telegram's vast user base with low fees and fast settlement times.
(Source：The Block)