Wallet Pay Now Enables Bitcoin Payments on Telegram

Adekunle Joshua

Wallet, the crypto and payment solution based on The Open Network (TON) and integrated into Telegram, is launching Wallet Pay

It enables Bitcoin, Tether, and Toncoin merchant payments on the popular messaging app

Vendors and Wallet Pay users can make instant and secure payments for goods and services using crypto assets

The payment process is smooth and simple, requiring just a few taps within the merchant's bot or web application on Telegram

Wallet Pay will also allow merchants to tap into Telegram's massive user community of over 700 million individuals

Wallet Pay users don't need to hold cryptocurrencies beforehand. They can top up their Wallet account using a bank card during the payment process

Last month, TON Foundation also proposed a burn mechanism for TON network, suggesting a 50% transaction fee burn