TechFlow news, May 28 — According to The Block, the TON Foundation has appointed Nikola Plecas, former Visa crypto executive, as Vice President of Payments. Plecas will lead TON's global payment strategy, manage partnerships with applications built on TON and Telegram, and oversee the foundation's compliance strategy. He previously held several crypto-related roles at Visa, including Head of Crypto for Europe and Senior Director of Commercialization for Visa Crypto New Products.
Plecas will work closely with Max Crown, CEO of the TON Foundation, who joined in April. TON is a Layer 1 blockchain built for the Telegram messaging platform, and its token, Toncoin, currently has a market capitalization of approximately $7.5 billion.
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