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

According to the Straits Times report, Grab, the super app that successfully acquired Uber’s Southeast Asia business, recently announced further integration of cryptocurrency payments. The company now allows Singaporean users to top up their e-wallet "GrabPay" with cryptocurrency and use it for daily purchases. This initiative aims to provide users with more payment options and explore new possibilities in the field of digital currency. This move by Grab is also seen as part of its efforts to promote digital payment methods to adapt to the development trend of today's digital economy. This step further consolidates Grab’s leading position in digital payments in Southeast Asia and reflects the company’s determination to expand innovative payment methods.

The report pointed out that GrabPay has launched a new service in cooperation with cryptocurrency payment service provider Triple-A. The first supported recharge methods include Bitcoin, Ethereum, Singapore dollar stable currency XSGD, and US dollar stable currency. USDC and USDT.

Grab revealed in a statement that it has partnered with authorized payment provider Triple-A to allow users to top up their GrabPay wallets with digital payment tokens. This service is currently only launched in the Singapore market, and Grab said it will continue to monitor user usage and make adjustments based on demand for such services.

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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