TelePay is shutting down - What You Need to Know
Dear community,
Minimum deposits and API improvements
In April 2022, we introduced a minimum amount for withdrawals and explained that it was necessary in order to prevent loss of liquidity when processing withdrawals.
New, more secure, and robust withdrawals mechanism. What you need to know about it.
Two months ago, due to a security incident, we had to temporarily disable withdrawals on TON, Hive and HBD, our supported assets up to this day. It was a security measure to prevent more funds to be stolen, while we started completely redesigning our entire withdrawals mechanism.
Smarter invoices: new flexible payments, and removed TON memos.
Most exchanges and payment gateways require a memo for every TON deposit. "Don't forget the MEMO"... That's the easiest strategy to check transactions, in fact, we were doing it like that, until today. It works, but it's not scallable to met customers requirements.
A minimum amount is now required for withdrawals: why?
TelePay is a payments gateway, it works like a wallet, but it is not 100% a wallet, but more: our main work is to handle incoming payments, on which we charge 0 fees. We even manage internal transfers of tokens of any kind, without charging fees too.
Hive and HBD got listed on TelePay
Hive is a fast, scalable, and powerful blockchain, hosting web3 decentralized apps like social media platforms, DeFi, games, NFTs and even streaming apps. It is designed with "widespread adoption of the currency and platforms in mind; by combining the lightning-fast processing times and fee-less transactions, Hive is positioned to become one of the leading Web3 blockchains used by people around the world".
Introducing TelePay, an easy way to handle your crypto payments, starting with TON 💎
We gladly present TelePay, our new payments gateway for you to handle your crypto payments, manually via the dashboard or automatically via the API.