TON Foundation hires former Visa executive to lead payments strategy

The Open Network Foundation (TON Foundation) appointed former Visa executive Nikola Plecas as its new vice president of payments.Plecas will be responsible for shaping and executing TONs payment infrastructure strategy, the company said in a May 28 blog post.He is tasked with expanding the networks capabilities, managing financial partnerships and ensuring compliance across jurisdictions as the foundation scales services for over 1 billion Telegram users.Joining TON Foundation represents an incredible opportunity to shape the future of payments on a truly global scale, Plecas said.Related: How to use tsUSDe on TON for yield-generating dollar savingsPlecas to lead TONs new payment strategyPlecas will lead the push to build a payments architecture that is both globally interoperable and robust enough to handle increasing demand from developers, enterprises and end-users, per the announcement.Plecas brings a track record from his time at Visa, where he played a central role in crypto-related initiatives, including product development and global commercialization.He helped streamline on-ramp performance across multiple markets and developed Visas digital currency engagement model for European clients. He also contributed to numerous fintech and crypto issuance projects and frequently spoke on Visas behalf at major industry events.Source: TONTON Foundation CEO Max Crown noted that payments are a core pillar of TONs roadmap. With deep industry expertise and a clear vision for scaling payment infrastructure, Nikola brings the experience and leadership we need to accelerate TONs global growth.Cointelegraph reached out to TON for comment but had not received a response by publication.Related: TONs Broxus launches blockchain app scalability platform TON FactoryEthena offers USDe to Telegram usersOn May 1, decentralized stablecoin platform Ethena partnered with TON to make its stablecoins available to Telegrams user base of over 1 billion people.The partnership will see the deployment of Ethenas USDe(USDE) and Ethena Staked USDe (sUSDe) within the TON blockchain. The sUSDe variant will be integrated under the name tsUSDe, enabling Telegram users to access US dollar-denominated savings directly within Telegram.Notably, the TON Foundation has also been closely collaborating with Tether, connecting TON to Tethers USDt ecosystem with LayerZero in February 2024.As part of its ambitious scaling plans, TON expects to connect its ecosystem toat least 100 chains, including Ether (ETH), Tron (TRX) and Solana (SOL).Magazine: Can Off the Grid survive Steams crypto ban? Rage over Maplestory cheaters: Web3 Gamer