The team developing the Open Telegram Blockchain Network (TON) has partnered with internet technology services and German financial services Wirecard.
TON Labs, which also serves as the basis for the development of decentralized projects, will work in collaboration with Wirecard to develop new digital financial projects.
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Last year TON's Initial Coin Offering (ICO) received attention because it solved ICO with the largest funding income. at present TON has switched to private beta targeting mode and is the reason for this partnership to emerge.
"Adding Blockchain TONs to the growing Telegram ecosystem opens up new opportunities for business and technology innovation," Alexander Filatov, managing partner at TON Labs, commented in a press release. He added:
"We are very pleased to be partnering with one of the most dynamic and innovative financial technology companies in the world to deliver new generation fintech solutions that are synergistic to the market."
Wirecard states that the announcement will be gradual without giving a period of time, while the details of the bids to be made by both parties are not specified.
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"TON Labs' extraordinary experience" in highly scalable technology and decentralized solutions and the strong global growth of Telegram envoys will play an important role in the success of our joint program, "Wirecard business card executive vice president Georg von Waldenfels added.
Meanwhile, the German financial regulator told prosecutors about the potential for manipulating Wirecard shares.
Source: cointelegaph
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