TON Foundation Introduces Wallet Pay on Telegram

TON Foundation, in a significant development, has introduced Wallet Pay, an integrated feature within Telegram that empowers users to make seamless and secure Bitcoin, Tether, and Toncoin payments directly within the messaging app. With the ability to transact through bots or web applications, Wallet Pay provides a convenient solution for users and merchants alike.

A notable advantage is the option to top up the Wallet account using a bank card during the payment process, eliminating the need to hold cryptocurrencies in advance. Additionally, users can engage in peer-to-peer crypto transfers using the @wallet bot. Given Telegram’s vast user community of over 700 million, this integration offers a broad market for merchants to tap into.

You may now pay for goods and services within Telegram with $TON, $USDT and $BTC. pic.twitter.com/oPN3Bg5Fgv

— Ali.ton 💎 (@Tleubayev) July 13, 2023

Andrew Rogozov, a founding member of the TON Foundation, highlights the significance of this functionality in driving cryptocurrency mass adoption. Wallet Pay is currently in public beta, enabling users to test the feature via the Wallet Pay bot, while merchants can apply for participation through the dedicated website.

The TON Foundation aims to further scale and expand the availability of Wallet Pay in the future, showcasing its commitment to enhancing the capabilities of its blockchain and promoting the broader use of cryptocurrencies.

Key TON Levels to Watch – July 16

TON exhibits promising signals of a potential bullish reversal. The declining Average Directional Index (ADX) slope suggests a weakening of the previous downward trend, indicating possible exhaustion of selling pressure. The price chart’s sideways movement and accumulation phase further reinforce the likelihood of a directional reversal. Notably, a sharp rejection candle on June 23 signifies a strong resistance to lower prices, adding weight to the anticipated reversal.

Moreover, the Stochastic Oscillator entering the oversold region suggests an impending rise in price as buying pressure may intensify. These combined factors provide an optimistic outlook for Toncoin’s price trajectory.

Toncoin Key Levels

Demand levels: 1.340, 0.100, 0.800
Supply Levels: 1.500, 1.800, 2.200

Total Market Capitalization: 1.22T
Toncoin Market Capitalization: $4.6T
Toncoin Volume: $7M
Market Rank: 19

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