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Grab Enables Crypto Payments for Singapore Users Through Triple-A Partnership

Twitter icon  •  Published 8ヶ月前  •  Nikolas Sargeant

Through a collaboration with Triple-A, Grab now empowers its Singaporean users to conduct transactions using cryptocurrencies, expanding its service offerings beyond ride-hailing, food delivery, and digital payments.

Users in Singapore can now leverage five cryptocurrencies, including bitcoin (BTC), ether (ETH), StraitsX's XSGD stablecoin, Circle's USDC stablecoin, and Tether's USDT stablecoin, to make everyday purchases, from coffee to ride bookings and deliveries, as reported by The Strait Times.

This move marks Grab's foray into the Web3 space, building upon its earlier partnership with Circle to introduce a pilot Web3 wallet within the Grab super app back in September 2023.

Despite Singapore's cautious stance on crypto, with President Tharman Shanmugaratnam referring to it as "purely speculative" and "slightly crazy," Grab's latest initiative signals a progressive approach to integrating digital currencies into everyday transactions while keeping a close eye on user adoption and demand.

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Author

Nikolas Sargeant

Nik is a content and public relations specialist with an ever-growing interest in Crypto. He has been published on several leading Crypto and blockchain based news sites. He is currently based in Spain, but hails from the Pacific Northwest in the US.