Alchemy Pay has introduced its crypto payment solutions on Telegram through The Open Network. This integration enables users of the popular messaging app to perform crypto transactions without leaving the platform, facilitating easier engagement with digital currencies.

The partnership, announced on Alchemy Pay’s social media, aligns with the company’s mission to bridge the gap between traditional finance and the crypto world. Essentially, Alchemy Pay is making it simpler for people to send and receive crypto directly through the Telegram app, akin to sending a regular message. This feature enhances digital currency usage by keeping everything within one platform.

Toncoin, the network’s native cryptocurrency, has surged by over 8% in the last 24 hours, surpassing Bitcoin’s 1.75% increase.

Alchemy Pay and Telegram’s Developments

Alchemy Pay has had a busy summer, recently partnering with Mastercard to enhance user verification and prevent identity fraud using advanced machine learning technology. This collaboration has enabled Alchemy Pay to identify genuine users and reduce fraud in its payment gateway system.

Additionally, Alchemy Pay has partnered with Paysafe to attract more crypto users across 130 countries, allowing them to buy crypto using over 40 fiat currencies.

TON, the blockchain originally developed by Telegram, has proven to be a robust foundation for this integration. TON has maintained a growing user base and demonstrated resilience in the competitive crypto market.

Telegram, and by extension TON, have been prominent this summer. Telegram’s founder, Pavel Durov, was recently arrested on multiple charges and later released under police authority in France.

Stay updated with the latest developments in the crypto world on Global Crypto News.

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