The Open Network Foundation has launched TON Pay, a payment SDK for Telegram, enabling crypto transactions within the app. TON Pay integrates with Telegram Mini Apps, offering sub-second transaction times and fees below one cent. The goal is to cater to Telegram’s global user base of 1.1 billion. Future updates will include subscriptions and region-specific features.

TON Pay targets everyday payments within Telegram, starting with Mini Apps and expanding to web platforms. The team aims to enhance the in-app commerce experience and plans to add support for subscriptions and region-specific services. Partnerships with third-party providers for custody and compliance are in the works, along with merchant tools like analytics and wallets.

TON Pay enters a competitive field with platforms like X Money and Coinbase Wallet moving into integrated payments. Telegram faces skepticism due to its ties with Telegram, but the TON Foundation emphasizes that it’s an open network. Merchants using TON Pay must adhere to Telegram’s terms and policies. The system aims to address challenges in crypto payments while competing with traditional fiat systems.

Read more at Cointelegraph: TON Pay Turns Telegram Mini Apps into Crypto Checkout Layer