B2BINPAY's Exciting Integration with The Open Network (TON)
B2BINPAY, a leading all-in-one crypto ecosystem for businesses, is thrilled to announce its latest development: the integration of The Open Network, also known as TON, into its existing payment solutions. This launch allows businesses to accept payments in Toncoin (TON) and USDT-TON, leveraging one of the most promising and rapidly expanding blockchain networks.
Why TON is Making a Big Impact in the Crypto World
TON is quickly becoming a significant player in the crypto landscape, evidenced by its impressive market cap, which stands at around $12 billion. With over 35.67 million activated wallets and approximately 5 million weekly active users, TON highlights its strong potential and positions itself as a game-changer for future payment systems. Recognizing this potential, B2BINPAY is proud to provide its clients access to TON's cutting-edge technology.
Enhanced Payment Solutions with TON Integration
With this new integration, B2BINPAY expands its capabilities beyond its existing support for USDC and USDT across ten blockchains. The addition of Toncoin (TON) and USDT-TON offers businesses a unique opportunity to maximize the benefits of TON's speed and efficiency. The Open Network is known for its robust transaction processing capabilities, handling an average of 104,715 transactions every second, all while maintaining negligible fees at approximately 0.004232 TON, or around $0.024 in USD. This impressive performance marks TON as a preferred solution for global payment systems.
The Comprehensive Ecosystem of TON
TON is more than just another blockchain; it is a comprehensive platform for the future of decentralized services. Its ecosystem includes features such as TON DNS, which makes blockchain access user-friendly with readable names; TON Proxy, which offers secure and private transactions; and TON Storage, designed for decentralized data storage. These innovative solutions make it a powerful tool for businesses looking to navigate the evolving landscape of decentralized services.
Support for TON-native USDT
In addition to Toncoin, B2BINPAY now provides support for TON-native USDT. This offers businesses a reliable and cost-effective option when processing international payments, further establishing B2BINPAY's commitment to enhancing its service offerings.
Thoughts from B2BINPAY's CPO
Vitaliy Shtyrkin, Chief Product Officer at B2BINPAY, expressed his enthusiasm for the integration, stating, "The integration of TON reflects our commitment to staying at the forefront of blockchain innovation. With TON now officially registered under the Abu Dhabi Global Market’s Distributed Ledger Technology framework, companies utilizing B2BINPAY can unlock its full potential and foster growth in the ever-evolving cryptocurrency landscape." This statement illustrates B2BINPAY's strategic vision to lead in blockchain advancements.
About B2BINPAY
B2BINPAY is recognized as Europe's comprehensive crypto platform for businesses, providing innovative and secure services that facilitate seamless cryptocurrency payments in everyday transactions. The platform has onboarded over 800 merchants and estimates receiving transactions worth more than $3.5 billion. With support for numerous blockchains and over 70 different cryptocurrencies, B2BINPAY operates in full compliance with European regulations, adhering to the principles of KYC (Know Your Customer) and KYT (Know Your Transaction).
Frequently Asked Questions
What is TON and why is it important?
TON, or The Open Network, is a blockchain network known for its rapid transaction capabilities and growing ecosystem, making it a strong player in the crypto landscape.
How does B2BINPAY's integration with TON benefit businesses?
The integration allows businesses to accept efficient payments in Toncoin and USDT-TON while leveraging TON's advanced technology for faster and cost-effective transactions.
What features does the TON ecosystem offer?
TON includes user-friendly features like TON DNS, secure transaction capabilities via TON Proxy, and decentralized data storage through TON Storage, enhancing usability.
What does B2BINPAY offer its clients?
B2BINPAY provides a sophisticated platform for cryptocurrency payments, supports multiple blockchains, and ensures compliance with European financial regulations.
How does B2BINPAY ensure security in its services?
B2BINPAY follows the KYC and KYT principles, ensuring that all transactions are compliant with regulatory standards, thereby enhancing security for users.
