GrabPay supports BTC, ETH, XSGD, USDC, and USDT in the first wave! Ride-hailing app Grab integrates crypto payments

According to the "Straits Times" report, the super App "Grab" that has successfully acquired Uber's Southeast Asian business has recently launched measures to further integrate cryptocurrency payments. The new initiative allows Singaporean users to use cryptocurrencies to top up their e-wallet "GrabPay", which can then be used for daily purchases.

According to reports, GrabPay has launched a new service in partnership with cryptocurrency payment service provider Triple-A. This new service supports deposit options for Bitcoin, Ethereum, Singapore dollar stablecoin XSGD, U.S. dollar stablecoins USDC and USDT for the first time.

#Grab announced in a statement that it has partnered with authorized payment provider Triple-A so that users can top up their GrabPay wallet using digital payment tokens. This service is currently only launched in the Singapore market. Grab said it will pay close attention to user usage and make corresponding adjustments based on demand.

Grab is headquartered in Singapore. It initially started as a ride-hailing service and has expanded to food ordering and delivery, express package delivery, supermarket grocery delivery and digital payment services. Its business covers 8 Southeast Asian countries including Singapore, Malaysia, Indonesia, and Thailand. nation.

This is not Grab’s first foray into the cryptocurrency field. The company integrated the Polygon-based Web3 wallet service on the platform last September, allowing users to hold NFT coupons in the App, which can be used for daily meals and services. Consumption, but this Web3 wallet can only be used to hold, manage and trade NFT, and is not connected with GrabPay.

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