AEON is a payment protocol to set a new unified standard for crypto payments, connecting web3 infrastructure with mainstream applications. Credit: Chinnapong/ Shutterstock.

AEON has launched an authorisation payment feature developed on the TON blockchain to enhance the practical use of blockchain technology in everyday transactions.  

This new feature is designed to streamline the payment process, offering a secure user experience. 

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It begins with users selecting a service or product and initiating a transaction. AEON then prompts them to authorise a payment, which locks the necessary funds securely.  

The service or product becomes accessible immediately, with the payment being automatically processed upon completion of the transaction, eliminating the need for further action from the user. 

It reduces chargebacks and enhancing transaction security.  

The TON blockchain’s infrastructure supports various cryptocurrencies and wallet integrations, allowing users to choose their preferred payment methods. 

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In its first real-world application, AEON’s payment solution has been incorporated into ShareX’s Telegram mini-app. This integration simplifies the power bank rental process by enabling users to pre-authorise a deposit using AEON’s protocol within the TON ecosystem.  

The deposit is securely held until the rental period ends, after which the payment is automatically settled, and any remaining funds are released. 

Looking forward, the partnership aims to bring diverse payment applications across various industries.  

The Open Network (TON) is a global community, aiming to make cryptocurrency accessible to everyone.  

AEON is a payment protocol to set a new unified standard for crypto payments, connecting web3 infrastructure with mainstream applications.  

The protocol focuses on integration and settlement of crypto payments, providing a cost-effective, verifiable, and secure solution. 

AEON aims to support for on-chain payment methods, including subscriptions, global fiat rails, and tipping.