#TONFoundation

The $TON Foundation, an organization overseeing the development of The Open Network, hired former Visa executive Nikola Plecas as its vice president of payments.

Plecas is stepping into a new role at the $TON Foundation to spearhead its global payments strategy. This involves managing partnerships for applications based on $TON and Telegram and the foundation's compliance strategy, according to a release shared with The Block.

"As payments become a more central part of TON’s ecosystem, it made sense to have dedicated leadership focused on this area," Plecas told The Block in an email. "The goal is to help accelerate the development of payment capabilities across TON, so creating this role was really about aligning resources with that growing priority.”