Singapore, 7 August 2023 – Homegrown humanitarian organisation, Singapore Red Cross, has included digital currency as a newly-accepted form of donation, partnering with Triple-A, the first digital currencies payment gateway licensed by the Monetary Authority of Singapore (MAS), ahead of Singapore’s National Day.
With Triple-A’s white-label digital currencies payment solutions, the Singapore Red Cross can now receive digital currency donations from supporters, to deliver humanitarian services to uplift the vulnerable, particularly in Singapore. All digital currencies donations will be converted into fiat currency and settled via bank transfer within one business day, ensuring the funds are readily accessible to support the organisation’s humanitarian initiatives.
Singapore Red Cross will accept donations in various digital currencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC). The process is simple, as all digital currencies wallets are supported through Triple-A.
Mr Benjamin William, Secretary General and CEO of Singapore Red Cross enthused, “Digital currency donations have become increasingly popular due to the efficiency of processing them and their global accessibility. By accepting digital currencies, we open our doors to a new segment of donors who are tech-savvy and wish to make a difference through their digital assets. Enabling digital currency donations also opens up more opportunities for the new generation of donors who are au fait with digital currencies to consider philanthropy and helping the vulnerable.”
“We’re honoured to partner with the Singapore Red Cross in enabling digital currency donations and empowering donors to support humanitarian causes with digital assets,” said Mr Eric Barbier, CEO of Triple-A, “Digital currencies payments offer faster, more secure transactions, reduce administrative overheads, and ensure that the funds reach those in need promptly,”
The new payment option is now live on the Singapore Red Cross website, allowing donors from around the world to contribute using their preferred digital currencies. Donations can now be made through the Singapore Red Cross’ website.
About Singapore Red Cross
Singapore Red Cross is a homegrown humanitarian organisation, dedicated to relieving human suffering, protecting lives and dignity, and responding to emergencies since 1949. We serve the vulnerable through our blood donor programme, home and day activity centre for the disabled, transport aid, elderaid, family life aid, and community first aid. We build capacity and resilience through our training academy, and volunteer and youth development. Beyond our shores, we mobilise and translate contributions from the donor community to relief and recovery, rehabilitation and reconstruction efforts, with the aim of helping communities affected by disasters. For more information, please see www.redcross.sg.
Triple-A is a licensed digital currencies payment gateway that helps businesses increase their revenue by enabling digital currencies payments and payouts, giving them access to the spending power of the fast-growing 420m+ digital currency users.
Triple-A’s white-label digital currencies payments solutions allow businesses from all industries to leverage the benefits of the growing digital currencies market without being exposed to volatility risk or having to handle or convert digital currencies. Their solutions are compatible with all wallets, easy to integrate and offer instant confirmation, locked-in exchange rates and chargeback protection.
Licensed by the Monetary Authority of Singapore (MAS) and trusted by over 20,000 businesses, Triple-A makes accepting digital currencies payments simple for businesses across the globe. Outside of Singapore, Triple-A also holds licences from Banque de France’s ACPR in Europe and is registered with the United States Financial Crimes Enforcement Network (FinCEN).
For more information, please visit triple-a.io/