Triple-A, a leading digital currencies payments provider, partners with Grab to enable digital currencies investing for TransCrypt users with their GrabPay in Singapore. The collaboration allows users to buy digital currencies via GrabPay through TransCrypt (a Triple-A brand).
Digital currencies have gained greater acceptance during the pandemic, with Bitcoin’s price soaring to an all-time high this year.
“Grab recognizes the growing interest in digital currencies, and our partnership with Triple-A demonstrates our openness to thoughtful collaborations in this space. Working with players like Triple-A who are recognized by the regulator also affirms our commitment to widen our offerings for our users in a safe and measured way,” said Wong Wenbin, Head of GrabPay, Grab Financial Group Singapore.
Founded by Eric Barbier in 2017, Triple-A is headquartered in Singapore, offering digital currencies payment services, including white-label digital currencies trading to financial platforms. Singapore is one of the countries that openly support blockchain projects and digital currencies. Homegrown bank DBS started Asia’s first bank-backed digital currencies trust service this year, allowing private banking clients to invest in digital assets.
“Digital currency trading has gained traction in Singapore, with digital currencies adoption of around 9.4% of its population. We are very excited to partner with Grab to power digital currencies trading through TransCrypt. This collaboration will allow us to expand digital currency access to more residents in Singapore,” said Eric, CEO of Triple-A.
Digital currency investments offer consumers more choice. Its decentralized nature also makes it easy for investors to buy and sell their digital assets. In the current climate, digital currency has become more than just an investment as more companies accept digital currency, with more people using it to buy everyday items.
About Triple-A
Triple-A allows online and offline businesses to accept digital currency payments with zero price volatility risk by converting them to local currencies in real-time. With its easy setup, highly competitive exchange rate, and no-chargeback payment system, Triple-A helps businesses increase their revenue by accessing the growing digital currency users (300m+) community from all over the world.
About Grab
Grab is a leading superapp in Southeast Asia, based on GMV in 2020 in each of food deliveries, mobility and the e-wallets segment of financial services, according to Euromonitor. Grab operates across the deliveries, mobility and digital financial services sectors in over 400 cities in eight countries in the Southeast Asia region – Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. Grab enables millions of people each day to access its driver- and merchant-partners to order food or groceries, send packages, hail a ride or taxi, pay for online purchases or access services such as lending, insurance, wealth management and telemedicine, all through a single “everyday everything” app. Grab was founded in 2012 with the mission to drive Southeast Asia forward by creating economic empowerment for everyone, and since then, the Grab app has been downloaded onto millions of mobile devices. Grab strives to serve a double bottom line: to simultaneously deliver financial performance for its shareholders and a positive social impact in Southeast Asia. (www.grab.com)
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