The TON Foundation is partnering with Banxa, a crypto infrastructure provider, to boost stablecoin payments for SMEs in the Asia-Pacific region. This collaboration integrates Banxa’s fiat-to-crypto network with the TON blockchain, streamlining B2B and C2B transactions. The recent launch of TON Pay allows Telegram Mini Apps to accept Toncoin and USDT, leveraging Telegram’s massive user base. Businesses benefit from low transaction fees (under $0.01) and sub-second settlement times. Banxa’s parent company, OSL Group, raised $200 million to expand in the digital asset sector, further solidifying its position in the crypto market.
TON Foundation Joins Forces with Banxa to Simplify Payments Across APAC
