Germany-based global provider of digital payments and commerce solutions Wirecard announced on Wednesday it has teamed up with open network infrastructure developer TON Labs, the infrastructure and ecosystem developer for the Telegram Open Network (TON) decentralized platform, to develop a joint digital financial services, payments, and banking platform.
According to Wirecard, TON Labs provides technology, expertise, and experience in the development of scalable decentralized solutions. It also offers new generation technologies for payments, banking and other financial services as well as core blockchain infrastructure for projects to join, contribute and benefit from the Telegram Open Network platform and its vast user base. It was revealed:
“The combination of Wirecard’s demonstrated extensive experience in developing new, innovative digital financial services for consumers and merchants worldwide over the past years and TON Labs’ cutting edge infrastructure solutions lays the foundation to nurture new joint products and services within TON’s and Telegram’s vast, globally growing ecosystem.”
Speaking about the partnership, Georg von Waldenfels, Executive Vice President, Group Business Development at Wirecard, stated:
“We are excited to be partnering with TON Labs. Their immense experience in highly scalable technology and decentralized solutions as well as the strong global growth of Telegram messenger will be instrumental for the success of our joint program.”
Alexander Filatov, Managing Partner at TON Labs, added:
“The addition of TON Blockchain to Telegram’s growing ecosystem is opening new opportunities for business and technological innovation. We are excited to partner with one of the world’s most dynamic and innovative financial technology companies to bring synergetic new generation fintech solutions to the market.”