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One of the world's fastest growing digital platforms in the area of digital fintech, Wirecard, has announced its plans to develop a joint digital financial service with Telegram Open Network (TON) Labs.

According to the announcement, TON Labs provides technology, expertise and experience in the development of scalable decentralized solutions.

It's expected that the combination of Wirecard's demonstrated extensive experience with TON Labs will lay the foundation to nurture new joint products and services within TON's and Telegram's vast, globally growing ecosystem.

The Executive Vice President, Group Business Development at Wirecard, Georg von Waldenfels, claims TON's immense experience in highly scalable technology and decentralized solutions as well as the strong global growth of Telegram messenger "will be instrumental" for the success of Wirecard's program.

"The addition of TON Blockchain to Telegram's growing ecosystem is opening new opportunities for business and technological innovation. We are excited to partner with one of the world's most dynamic and innovative financial technology companies to bring synergetic new generation fintech solutions to the market," added Alexander Filatov, Managing Partner at TON Labs.

Earlier, Secretary of Criminal Content Definition Task Force of Iran, Javad Javidnia, said any cooperation with Telegram’s cryptocurrency called Gram in Iran will be classified as "a disruption to the national economy."

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