TON Foundation collaborates with Banxa to provide stablecoin payment services for Asian businesses

According to official news, the TON Foundation has partnered with the cryptocurrency infrastructure provider Banxa (a subsidiary of OSL Group) to provide regulated stablecoin payment infrastructure to thousands of small and medium-sized enterprises in the Asia-Pacific region.

This collaboration will make TON the operational payment layer for actual business activities in the Asian region. Through OSL's merchant and institutional network and Banxa's payment channels, small and medium-sized enterprises in the Asia-Pacific region can now use TON for practical payment processes such as inter-business settlements, cross-border transactions, and consumer-to-merchant payments.

Banxa is responsible for handling the conversion between local currencies and digital assets. TON's peer-to-peer payment infrastructure has been widely used in the region, and this partnership will extend it to enterprise-level business use cases.