AEON has launched an authorization payment feature developed on the TON blockchain to enhance the practical use of blockchain technology in daily transactions.
This new feature is designed to streamline the payment process, providing a secure user experience.
It starts with users selecting a service or product and initiating a transaction. AEON then prompts them to authorize a payment, which securely locks in the necessary funds.
The service or product becomes accessible immediately, with payment automatically processed once the transaction is complete, eliminating the need for further action from the user.
It reduces chargebacks and improves transaction security.
The TON blockchain infrastructure supports various cryptocurrencies and wallet integrations, allowing users to choose their preferred payment methods.
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By GlobalData
In its first real-world application, AEON’s payment solution has been integrated into ShareX’s Telegram mini-app. This integration simplifies the power bank rental process by allowing users to pre-authorize a deposit using AEON’s protocol within the TON ecosystem.
The deposit is held securely until the end of the rental period, after which payment is automatically settled and the remaining funds are released.
Looking ahead, the partnership aims to offer various payment applications across various industries.
The Open Network (TON) is a global community aimed at making cryptocurrency accessible to everyone.
AEON is a payments protocol aimed at establishing a new unified standard for encrypted payments, connecting Web3 infrastructure to consumer applications.
The protocol focuses on the integration and settlement of crypto payments, providing a cost-effective, verifiable and secure solution.
AEON aims to support on-chain payment methods including subscriptions, global fiat rails, and tipping.
