Introducing Wallet Pay: Making Crypto Payments on Telegram
Wallet, the crypto and payment solution based on The Open Network (TON) and integrated into Telegram, is launching Wallet Pay, a feature that allows users to make Bitcoin, Tether, and Toncoin payments on the popular messaging app. Here are the key points:
- Vendors and Wallet Pay users can make instant and secure payments for goods and services using crypto assets.
- The payment process is simple and requires just a few taps within the merchant’s bot or web application on Telegram.
- Wallet Pay users can top up their Wallet account using a bank card during the payment process.
- Peer-to-peer crypto transfers between users are also available in Telegram via the @wallet bot.
- The integration with Telegram’s user community of over 700 million individuals allows merchants to tap into a vast customer base.
To trial Wallet Pay’s public beta or apply as a merchant, users can use the Wallet Pay bot or visit the website. The TON Foundation is committed to promoting the mass adoption of cryptocurrency through the development of frequently demanded functionalities like Wallet Pay. In a recent proposal, the foundation suggested a 50% transaction fee burn for the TON network.
Hot Take: Wallet Pay’s integration with Telegram opens up new opportunities for merchants and users to transact with cryptocurrencies in a seamless and secure manner. With the support of Telegram’s massive user base and the TON Foundation’s commitment to cryptocurrency adoption, Wallet Pay has the potential to drive widespread acceptance of digital payments.
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