To improve the everyday usability of blockchain technology, Singapore-based startup Aeon has announced the launch of authorization payments on the TON blockchain. It is anticipated that this action will have a major impact on the expanding TON environment.
Innovative ShareX Telegram Mini-App Payment System
ShareX’s Telegram mini-app, which allows users to easily rent power banks, is the first real-world application of Aeon’s payment mechanism. By enabling customers to approve payments, Aeon streamlines the leasing process and exemplifies how blockchain technology may revolutionize everyday interactions.
The Operation of the Payment Process
Users choose a service or product to start a transaction, and Aeon then asks them to approve the payment. The necessary payment amount is locked in after it has been approved. This procedure gives users a smooth experience by doing away with the necessity for extra payment processes. A seamless transaction closure is ensured by the automatic processing of the payment upon service completion, which is based on the original authorization.
Using TON Blockchain to Provide Integration and Flexibility
Aeon offers users a variety of preferred payment methods by supporting a large number of cryptocurrencies and wallet integrations through the use of the TON blockchain. For consumers conducting blockchain-based transactions, this integration promotes ease and flexibility.
The Effect of Blockchain on the Loyalty Sector
Regarding relevant blockchain developments, PYMNTS published a research last week about the impact of blockchain technology on the loyalty sector. By implementing more adaptable and interesting incentive systems, blockchain technology has the ability to completely transform loyalty programs. Over the next five years, the loyalty market is expected to grow to a value of over $24 billion, and blockchain technology is opening up new revenue streams through tokenization and smart contracts.
Tokenization and Enhanced Interaction with Customers
By establishing secondary marketplaces where incentives may be bought, sold, or rented, tokenization—the process of converting assets into digital tokens—is increasing consumer participation. This encourages involvement and gives brands a new source of income. A company that has made an estimated $150 million from tokenized loyalty programs is Yuga Labs.
