Alchemy Pay brings crypto payments to Telegram via TON network

Alchemy Pay has launched its crypto payment solutions on Telegram through The Open Network.

This addition will allow users of the popular messaging app to make crypto transactions without leaving the platform, making it easier for Telegram’s user base to engage with digital currencies.

The partnership, announced on Alchemy Pay’s X account, is part of the company’s broader mission to bridge the gap between traditional finance and the crypto world.

In other words, Alchemy Pay is simplifying how people send and receive crypto directly through the Telegram app, much like sending a regular message. This new feature streamlines digital currency usage by keeping everything within one platform.

Toncoin (TON), the network’s native cryptocurrency, has surged by over 8% in the last 24 hours, outpacing Bitcoin (BTC).

Alchemy Pay and Telegram’s developments

It has been a busy summer for Alchemy Pay, which recently partnered with Mastercard to improve user verification and prevent identity fraud using advanced machine learning technology. This collaboration enabled Alchemy Pay to identify genuine users and reduce fraud in its payment gateway system.

Alchemy Pay also 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 strong foundation for this integration. TON has maintained a growing user base and demonstrated resilience in the competitive crypto market. 

Telegram, and by association, TON, have been in the spotlight this summer. Telegram’s founder, Pavel Durov, was recently arrested on multiple charges and subsequently released under police authority in France.