Grab users can now pay using cryptocurrency

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Grab users can now pay in cryptocurrency following a partnership between the tech company and licensed payments provider Triple-A.

Under the partnership, Grab users can top up their GrabPay wallet via digital payment tokens, said a Grab spokesperson when MARKETING-INTERACTIVE reached out.

In addition, the new feature provides users with added flexibility and convenience as it allows them to convert their digital assets, such as stablecoins, into usable funds in their GrabPay wallets.

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Some cryptocurrencies users can make payments with include Bitcoin, XSGD, Ethereum, USDC and USDT.

By expanding the top-up options to include digital payment tokens, Grab can now provide users with a seamless and efficient way to access the company’s wide range of services.

The feature is currently only available in Singapore. That said, Grab will continue to monitor user adoption and respond to demand for such services, it said.

This isn't Grab's first partnership with Triple A. In 2021, Triple A partnered with Grab to allow users to buy digital currencies via GrabPay through TransCrypt.

“Grab recognises the growing interest in digital currencies, and our partnership with Triple-A demonstrates our openness to thoughtful collaborations in this space," said Wong Wenbin, head of GrabPay, Grab Financial Group Singapore in 2021.

"Working with players such as Triple-A who are recognised by the regulator also affirms our commitment to widen our offerings for our users in a safe and measured way."

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