S'pore crypto activity hots up with tie-ups in areas of payment, stablecoin

The cryptocurrency scene in Singapore has been set abuzz this week with key events in town and a series of tie-ups, including in areas of payment, stablecoin and combating crypto crime.

- Claire Huang

Ahead of crypto conferences Token2049 and the Stablecoin Summit, Singapore-based cryptocurrency payment firm Triple-A on Sept 17 said DCS Card Centre's cardmembers will be able to top up their virtual accounts with five digital assets from this week.

The five are Bitcoin, Ether, Tether (USDT), USD Coin (USDC) and PayPal USD.

With over half a billion cryptocurrency owners globally and 24.4 per cent of Singapore's population holding digital currencies, the demand for crypto payment options continues to grow, Triple-A said.

Earlier in 2024, ride-hailing operator Grab introduced digital currency top-ups in a tie-up with Triple-A.

Another ride-hailing platform, Tada, has partnered The Open Network (TON) Foundation to allow passengers to pay for their rides with digital assets.

Tada launched a Telegram Mini App called Tada mini. It allows users to book rides directly within messaging app Telegram, the two said on Sept 12.