TripleA is the fourth in S’pore to offer MAS license to receive cryptographic services – Wired PR Lifestyle Story

TripleA cryptocurrency payment provider today (November 30) announced that the Singapore Monetary Authority (MAS) has granted it a license for digital payment tokens (DPT) under the Singapore Payment Services Act (PSA).

The license will allow companies to offer end-to-end cryptocurrency payment services to companies, including the gateway to e-commerce cryptocurrencies, cryptocurrency payments and cryptocurrency shipments.

TripleA is the fourth Singapore to receive a DPT license after Singapore’s Fomo Pay fintech company Australian Cryptocurrency Exchange Reserve and DBS Vickers local bank brokerage team.

MAS has received 170 license applications from DPT providers, including global cryptocurrencies such as Coinbase and Kraken. 30 applications were withdrawn after contact with MAS and two were rejected.

Founded by Eric Barbier in 2017, TripleA provides crypto-payment services, including white-label crypto trading for financial platforms.

The Singapore-based company aims to revolutionize how businesses and customers connect through blockchain technology and cryptocurrency solutions. It allows online and offline businesses to accept cryptocurrency payments with the risk of price volatility, converting them into local currency in real time.

With its easy setup, highly competitive exchange rate, and no-charge payment system, TripleA helps companies increase revenue by joining the growing cryptocurrency community of more than 300 million global users.

In early October, TripleA joined the main Asian Grab app allow users to purchase cryptography via GrabPay Through TransCrypt (TripleA brand) following the growing interest in cryptocurrencies.

“Cryptocurrency trading has resonated in Singapore with about 9.4 per cent of its population adopting cryptocurrencies. We are excited to partner with Grab to promote cryptocurrency trading through TransCrypt. This partnership will allow us to expand cryptocurrency access to more Singapore residents,” Eric said , CEO of TripleA.

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