KEY TAKEAWAYS
- Crypto.com and Triple-A have formed a strategic partnership to enhance cryptocurrency payment experiences globally.
- This collaboration allows Crypto.com users to make direct purchases from e-commerce brands using cryptocurrency, starting in Singapore.
- Triple-A’s solution enables merchants to accept crypto payments without exposure to volatility, offering next-day settlements in local currency.
- The partnership aims to simplify crypto transactions, eliminating conversion fees and providing cashback rewards for users.
Singapore, November 21, 2024 – Crypto.com and Triple-A have announced a strategic partnership aimed at enhancing the cryptocurrency payment experience for users worldwide. This collaboration will allow Crypto.com’s global customer base to access a diverse range of new global merchants, starting in Singapore.
Through this partnership, Crypto.com users can now make purchases from leading e-commerce brands directly with cryptocurrency from within their trusted Crypto.com wallet. This initiative also offers exclusive crypto rewards, optimizing the checkout experience across various online merchants in industries such as fashion, luxury, travel, and gaming.
Triple-A, a Singapore-based firm, facilitates this process by removing the need for users to convert digital assets into local currency. This offers a straightforward, one-step process for crypto transactions. The partnership reflects both companies’ commitment to making cryptocurrency an accessible, everyday payment option.
Benefits for Merchants and Users
For merchants, this partnership provides access to a rapidly expanding audience of crypto-owning shoppers. It simplifies the addition of cryptocurrency to their payment suite, making it as easy as integrating any other payment method. Triple-A’s fully regulated solution shields merchants from crypto volatility, offering next-day settlements directly in their local currency without the need to hold, manage, or report digital assets.
Eric Barbier, CEO at Triple-A, stated, “Our collaboration allows merchants to provide Crypto.com users with an optimized digital currency payment user journey. With Crypto.com as an additional payment option, select merchants can accept crypto without exposure to volatility, thanks to our instant conversion model, and settle transactions in their preferred currency with next-day bank deposits.”
Enhancing the Crypto Payment Experience
Eric Anziani, President and COO of Crypto.com, highlighted the company’s focus on integrating crypto payments into real-world scenarios. He noted that partnering with Triple-A enables the expansion of crypto payments to a range of popular brands, creating a seamless shopping experience and providing an opportunity to earn cashback rewards.
The partnership aims to empower users to make purchases directly with their crypto balances by eliminating conversion fees and simplifying the payment process. This initiative is set to enhance the shopping experience for Crypto.com users while offering merchants a stable and predictable payment experience that aligns with their existing operations.
The full announcement can be found here.
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