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Home»ADOPTION NEWS»Southeast Asian super app Grab launches cryptocurrency payment option in Singapore
ADOPTION NEWS

Southeast Asian super app Grab launches cryptocurrency payment option in Singapore

By Crypto FlexsMarch 19, 20242 Mins Read
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Southeast Asian super app Grab launches cryptocurrency payment option in Singapore
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Posted 1 minute ago In ~

Grab, Southeast Asia’s leading ride-hailing super app, has started allowing users to top up their wallets with cryptocurrency in Singapore through a partnership with payments company Triple-A.

According to local newspaper The Straits Times, GrabPay Wallet now allows users to make payments using cryptocurrencies such as Bitcoin, Ethereum, and stablecoins including XSGD, USDC, and USDT.

“This new feature allows users to convert digital assets, such as stablecoins, into usable funds in their GrabPay wallet, providing greater flexibility and convenience,” a Grab spokesperson said in a statement shared with The Block. “By expanding its recharge options to include digital payment tokens, Grab is giving users a seamless and efficient way to access the company’s wide range of services.”

Grab to monitor cryptocurrency payment adoption

While Grab has built a strong presence across Southeast Asia, its cryptocurrency payment option is currently only available in Singapore, the spokesperson added, adding that it will “continue to monitor user adoption and respond to demand for its services.”

Grab also started. web3 service integration Use a non-fungible token wallet. Last June, I signed a contract to join a company. Pilot study with the Monetary Authority of Singapore Issues surround the use of three digital assets, including central bank digital currencies, tokenized bank deposits, and stable coins.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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