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TripleA fourth in S’pore to receive MAS licence to offer crypto services

Cryptocurrency payments provider TripleA announced today (November 30) that it has obtained a license from the Monetary Authority of Singapore (MAS) to offer digital payment token (DPT) services in Singapore in under the Payment Services Act (PSA).

The license will allow the company to provide end-to-end payment services to businesses, including an encrypted payment gateway for e-commerce, encrypted payments and encrypted remittances.

TripleA is the fourth in Singapore to receive the DPT license, after Singapore-based financial technology firm Fomo Pay, Australian cryptocurrency exchange Independent Reserve and the brokerage arm of local bank DBS DBS Vickers.

MAS has received 170 license applications from DPT vendors, including global crypto exchanges such as Coinbase and Kraken. 30 requests were withdrawn after engagement with MAS and two were rejected.

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Eric Barbier, Founder and CEO of TripleA / Image credit: Soar Payments

Founded by Eric Barbier in 2017, TripleA offers crypto-payment services, including white-label cryptocurrency trading to financial platforms.

The Singapore-based company aims to revolutionize the way businesses and customers are connected through blockchain technology and cryptocurrency solutions. It allows online and offline businesses to accept cryptocurrency payments without the risk of price volatility by converting them to local currencies in real time.

With its easy setup, highly competitive exchange rate, and no chargeback payment system, TripleA helps businesses increase revenue by accessing their growing cryptocurrency community of over 300 million global users.

Earlier in October, TripleA partnered with Asia’s leading super app, Grab, to allow users to buy crypto through GrabPay through TransCrypt (a TripleA brand) following the growing interest in crypto. currencies.

“Cryptocurrency trading has gained ground in Singapore, with crypto adoption by around 9.4% of its population. We are very happy to partner with Grab to power crypto trading through TransCrypt. This collaboration will allow us to extend access to cryptocurrencies to more residents of Singapore, ”said Eric, CEO of TripleA.

TripleA currently operates in Singapore with a presence in Hong Kong and Europe, and is growing rapidly worldwide.


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Featured Image Credit: TripleA / Central Bank

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