ChainCatcher News, according to official sources, the TON Foundation has partnered with crypto infrastructure provider Banxa (a subsidiary of OSL Group) to offer regulated stablecoin payment infrastructure to thousands of small and medium-sized enterprises in the Asia-Pacific region.
This partnership will make TON the operational payment layer for actual commercial activities in Asia. Through OSL’s merchant and institutional network and Banxa’s payment channels, SMEs in the Asia-Pacific region can now use TON for business-to-business settlements, cross-border transactions, and consumer-to-merchant payments.
Banxa is responsible for handling conversions between local currencies and digital assets. TON’s peer-to-peer payment infrastructure has been widely used in the region, and this collaboration will extend its application to enterprise-level commercial use cases.
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