- Triple-A enables Digital Currency Payments on TROLLYGO, a B2B trading Platform owned by STX Corporation (011810.KS).
- By facilitating volatility-free digital currency payments, this partnership marks a key step towards advancing B2B international trades with faster settlements and lower costs.
Singapore, 13 December 2023 — STX Corporation (011810.KS), a global trading company, has partnered with Triple-A, to add digital currency payments on its B2B trading platform TROLLYGO.
TROLLYGO is the first B2B platform facilitating online trade of industrial goods and raw materials—ranging from steel and non-ferrous metals to eco-friendly materials—leveraging e-commerce and big data. TROLLYGO stands out by introducing digital currency payments through a global licensed digital currency payment institution, marking a first in B2B international trades.
Licensed by the Monetary Authority of Singapore (MAS) and trusted by over 20,000 businesses, Triple-A makes accepting payments in traditional and digital currencies simple for businesses worldwide. Triple-A is also licensed in the EU by Banque de France and is registered with the United States Financial Crimes Enforcement Network (FinCEN). Triple-A is also trusted worldwide by notable merchants such as Farfetch, Charles & Keith and Singapore Red Cross.
Eric Barbier, CEO of Triple-A, expressed, “The collaboration with Triple-A and STX marks a significant stride in shaping the future of international trade. By integrating digital currencies into the payment ecosystem, we are providing businesses with a cost-effective, volatility-free and efficient way to navigate cross-border transactions.”
Park Sangjun, CEO of STX, commented, “TROLLYGO’s partnership with Triple-A is a pivotal move towards advancing B2B international trades. With the integration of digital currency payments, we are enhancing existing cross-border payment rails, ensuring faster settlements and more efficient cash management in the ever-evolving landscape of international commerce.”
With the anticipation of Bitcoin spot ETF approvals, digital currencies and stablecoins are becoming more integrated into the institutionalised finance landscape. Concurrently, central banks worldwide are also stepping up their research on Central Bank Digital Currencies (CBDCs). In this context, STX’s collaboration with Triple-A is poised to pioneer advancements in payment methods for international trade.
About Triple-A
Triple-A, the digital currency payment institution, enables businesses to pay and get paid in both traditional and digital currencies, volatility-free.
From API to no-code integration, Triple-A’s frictionless, white-label payment solutions are designed to blend smoothly into existing business operations — all while upholding the highest standards of security and compliance.
Licensed by the Monetary Authority of Singapore (MAS) and trusted by over 20,000 businesses, Triple-A makes accepting payments in traditional and digital currencies simple for businesses worldwide. Triple-A is also licensed in the EU by Banque de France and is registered with the United States Financial Crimes Enforcement Network (FinCEN).
To learn more, please visit https://triple-a.io/.
About STX Corporation
STX Corporation pushes development and investment projects together for new promising business, focusing on secondary battery materials, eco-friendly steel, green energy and bio, and e-mobility.
We have completed spinoff of the maritime industry sector in September 2023, and to enhance STX expertise as a general trading company. STX Corporation also serves as a Headquarter, which operates 16 overseas branches. as well as a holding company with 4 affiliates and joint ventures.
In November 2023, STX digitised the offline trade process into an online system by launching a global B2B digital platform.
It is based on big data and e-commerce, built on STX’s global network and know-how accumulated over the past 47 years as a general trading company.
As a digital platform connecting global B2B markets, it revolutionises traditional offline-oriented trade transactions in materials, metals, steel, energy, and defence, providing unlimited business opportunities across borders.
To learn more, please visit https://www.stx.co.kr/eng.
