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Developer Of Telegram Open Network Project Will Create A New Digital Payment Platform

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The developer of blockchain project Telegram Open Network TON Labs in partnership with the German fintech company Wirecard will develop a new platform for the provision of digital financial and banking services. This is stated in an official press release published on Wednesday, April 17.

The representatives of TON Labs and Wirecard hope that their scalable decentralized solutions will lay the foundation for technological innovations in the TON and Telegram ecosystem.

The addition of TON Blockchain to Telegram's growing ecosystem is opening new opportunities for business and technological innovation. We are excited to partner with one of the world's most dynamic and innovative financial technology companies to bring synergetic new generation fintech solutions to the market," added Alexander Filatov, Managing Partner at TON Labs.

Filatov lists new generation technologies for payments, banking and other financial services, as well as the basic blockchain infrastructure for projects wishing to contribute to the development of TON.

"We are excited to be partnering with TON Labs. Their immense experience in highly scalable technology and decentralized solutions as well as the strong global growth of Telegram messenger will be instrumental for the success of our joint program," said Georg von Waldenfels, Executive Vice President, Group Business Development at Wirecard.

The details of the partnership are not disclosed by the parties at this stage, promising to provide additional information about the solutions being developed in stages.

Wirecard, whose shares are traded on the Frankfurt Stock Exchange, previously acted as the issuer of Visa debit cards for Hong Kong-based cryptocurrency payment platform Crypto.com.

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