This integration leverages the speed and efficiency of the Solana blockchain, enabling businesses to accept SOL, USDT, and USDC payments on the Solana network seamlessly.

Fast and cost-effective payments

Solana’s blockchain is renowned for its high throughput, low latency, and minimal transaction fees, making it an ideal choice for businesses seeking to enhance their payments:

Solana processes thousands of transactions per second without relying on Layer 2 solutions, ensuring swift and reliable payments.

• With transaction fees of a fraction of a cent, businesses can dramatically reduce the overhead costs associated with payment processing.
• In addition to SOL, CryptoChill now supports USDT and USDC on the Solana network, providing more options for stable, fiat-pegged transactions.
• CryptoChill clients can request the integration of other Solana-based coins, offering greater flexibility to meet their unique payment needs.

Institutional-grade crypto infrastructure

CryptoChill is a highly customizable and scalable crypto payment gateway processing an average daily volume of $5 million.

With flexible integration, the gateway can be used via the CryptoChill dashboard, an SDK or full-featured API, third-party cashier services, or CryptoChill’s WooCommerce WordPress plugin.

Solana’s impressive speed and low fees align perfectly with CryptoChill’s mission to enhance the crypto payment experience for businesses and customers alike.

CryptoChill invites businesses of all sizes to explore the benefits of accepting Solana-based payments. Whether you’re a small online retailer or a large established enterprise, the CryptoChill gateway ensures a smooth, secure, and scalable payment solution.

For more information about integrating Solana payments with CryptoChill, email info@cryptochill.com.

The post CryptoChill expands payment gateway to support Solana (SOL) transactions appeared first on Cryptochill.

This significant technical update also gives CryptoChill the capacity to support any type of jetton on request. A jetton is TON’s native format for custom fungible tokens.

Tether, a stablecoin designed to mirror the value of the US dollar, provides a stable currency option for transactions, countering the volatility often associated with cryptocurrencies. It has emerged as the most successful stablecoin, with a daily trading volume in excess of Bitcoin.

Already operating on multiple blockchains, Tether was added to TON last month, with a rapid uptake from users helping push the net value of Tether in circulation to over $110 billion.

CryptoChill previously supported Tether transactions on several networks including Tron and Ethereum. Its integration of Tether payments on TON follows its recent addition of payments in Toncoin, TON’s native cryptocurrency.

What does the TON-Tether collaboration mean for crypto payments?

The launch of Tether on TON was a welcome announcement at TOKEN2049 Dubai last month. TON has gained attention due to its integration with the popular messaging app Telegram. With the addition of Tether, Telegram users can now send and receive USDT, or “digital dollars,” directly through the app.

For the crypto ecosystem, the integration of a widely recognized fiat-collateralized stablecoin like Tether with a next-gen blockchain network like TON indicates a maturing market. It reflects a shift towards more secure, stable, and user-friendly crypto transactions, appealing to both seasoned crypto enthusiasts and novices alike.

Businesses can now add crypto payment services with greater confidence, given Tether’s reduced volatility risk and the broadening user base enabled by Telegram’s massive reach – it has over 900 million users worldwide. Companies have an opportunity to engage with a global audience, simplifying cross-border transactions and reducing the barriers associated with traditional banking systems.

The availability of jettons on TON also provides a layer of customization and flexibility for businesses and developers. Enterprises can mint their own branded tokens on TON, enhancing customer loyalty programs or creating bespoke transaction ecosystems. The potential for innovation in how companies transact and engage with customers is significantly expanded.

CryptoChill’s support for USDT on TON aligns with evolving trends in digital transactions towards accessibility, stability, and integration. As blockchain technology develops and the digital economy grows, the addition of stablecoins like Tether to versatile, progressive platforms like TON and Telegram could very well set the new standard for financial transactions.

The post CryptoChill supports Tether (USDT) payments on TON appeared first on Cryptochill.

CryptoChill uses two types of TON wallets: basic V3R2 smart contract based wallets that offer the most efficient network fees, and special high-load smart contract based wallets to add scalability for withdrawals when required.

TON high-load wallets are designed for batching payouts, supporting up to 254 recipients per single transfer and multiple parallel transfers at the same time. By combining both wallet types, CryptoChill offers its clients unlimited scaling options.

A fast-expanding network

The TON Foundation is set to allocate 30 million Toncoin in incentives for development of the TON network. Meanwhile, messaging app Telegram, with over 900 million users worldwide, recently started sharing advertising revenue with channel owners exclusively in Toncoin.

The TON blockchain supports a fast-growing number of apps accessed via Telegram. CryptoChill is used by one of the most popular apps (by transaction volume) on Telegram, as well as clients of all sizes worldwide across a wide range of industries.

CryptoChill is a highly customizable and scalable crypto payment gateway. It can be integrated via the CryptoChill dashboard, a  full-featured API, an SDK for simpler integrations, third-party cashier services, or CryptoChill’s WooCommerce WordPress plugin.

By providing these multiple modes of access, CryptoChill gives clients the ability to integrate TON not just within the Telegram ecosystem, but also outside of it.

The post CryptoChill adds TON support with high scalability in mind appeared first on Cryptochill.