Alchemy Pay announced the launch of its crypto payment solution on Telegram through The Open Network (TON). This feature will enable users of the messaging app to make crypto transactions while remaining within the application.
Crypto Payments Launch
Alchemy Pay has integrated crypto payments on the Telegram platform through The Open Network. Now, Telegram users can conduct crypto transactions without leaving the app, simplifying engagement with digital currencies.
Alchemy Pay Partnerships
It has been a busy summer for Alchemy Pay. The company recently partnered with Mastercard to improve user verification and prevent fraud using advanced machine learning technology. Additionally, Alchemy Pay teamed up with Paysafe, enabling more users in 130 countries to purchase crypto with over 40 fiat currencies.
Telegram and TON Developments
TON, a blockchain originally developed by Telegram, has proven to be a robust foundation for this integration. TON has consistently grown its user base and demonstrated resilience in the competitive crypto market. Attention to Telegram was further highlighted this summer with the arrest of the messaging app's founder, Pavel Durov, in France on multiple charges. He was later released under police supervision.
The launch of crypto payments on Telegram marks a significant step for Alchemy Pay and TON. It simplifies the use of digital currencies and draws attention to the platform, bolstering its market position.
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