Nikola Plecas, a former Visa executive, has been named Vice President of Payments at The TON Foundation, the group in charge of developing The Open Network (TON) blockchain.
As the former Global Head of Go-to-Market and Product Commercialization at Visa Crypto, Plecas brought a wealth of knowledge from his work integrating blockchain-based payment solutions into conventional financial institutions, per market reports.
It is anticipated that his experience will play a key role in developing TON’s payment infrastructure and increasing its uptake.
Toncoin (TON) rose from $2.98 to $3.16, gaining over 6% after the TON Foundation appointed former Visa executive Nikola Plecas as Vice President of Payments.
Strategic Hire Supports TON’s Ecosystem Growth Amid Major Investments
The calculated hire supports TON’s overarching goal of growing its ecosystem, which has recently drawn large investments.
Plecas’s appointment is expected to support TON’s attempts to create useful payment applications, provide cryptocurrency holdings practical use, and strengthen the company’s position in the rapidly changing fields of decentralized finance and blockchain-based payments.
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Nikola Plecas Joins TON Foundation as VP of Payments to Lead Global Strategy
As Vice President of Payments, Nikola Plecas has joined the TON Foundation to oversee its worldwide payments strategy. Building and overseeing alliances that enable payment-focused apps developed on The Open Network (TON) and connected with Telegram will be his new responsibility.
As TON grows its scope, Plecas will be responsible for creating the foundation’s compliance strategy to guarantee regulatory alignment.
In a statement provided to The Block, the foundation stated that this action is part of its larger goal to develop practical applications for blockchain-based payments.
Plecas offers significant knowledge from his prior post at Visa Crypto, which is anticipated to be crucial in bolstering TON’s infrastructure and encouraging worldwide adoption.
Toncoin Surges Over 6% After Former Visa Exec Joins TON as VP of Payments
After the TON Foundation announced that Nikola Plecas, a former Visa executive, had been named as its Vice President of Payments, Toncoin (TON) saw a price boost of more than 6%.
Due to Plecas’ substantial experience from his prior position at Visa Crypto, where he concentrated on integrating cryptocurrency into international payment systems, the news has increased investor trust.
The appointment demonstrates TON’s dedication to developing blockchain-based payments and increasing real-world utility.
Shortly after the announcement, Toncoin’s price increased as a result of the favorable shift in market attitude brought about by traders expecting greater acceptance and development momentum.
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