KEY TAKEAWAYS
- The Salvation Army in Singapore partners with Crypto.com to integrate Crypto.com Pay, allowing donations in over 250 cryptocurrencies.
- This collaboration aims to enhance the donation process with faster, cost-effective solutions, receiving funds in Singapore dollars.
- The partnership includes a Memorandum of Understanding to explore Web3 and blockchain initiatives for social good.
- Crypto.com and the Salvation Army plan to expand their collaboration beyond the current integration, focusing on future Web3 projects.
Singapore, December 23, 2024 – The Salvation Army in Singapore has announced a new partnership with Crypto.com, integrating Crypto.com Pay into its online payment portal. This collaboration allows donors to contribute using any of the 250 cryptocurrencies available on Crypto.com, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cronos (CRO), and USD Coin (USDC).
With this integration, the Salvation Army aims to enhance its donation process by offering a faster and more cost-effective payment solution. Crypto.com Pay enables merchants to receive cryptocurrencies with zero transaction fees, providing a seamless experience for both merchants and customers. The Salvation Army will receive donations in Singapore dollars (SGD), which will support their operations during the holiday season.
Expanding Donation Options for the Festive Season
Chin Tah Ang, General Manager of Crypto.com in Singapore, emphasized the company’s focus on normalizing cryptocurrency payments. He noted that partnering with the Salvation Army during the festive season is an opportunity to boost donations. Ang expressed hope that blockchain technology could make a positive impact through generous donations.
Major David R. Erickson, Secretary for Business Administration at the Salvation Army, highlighted the importance of Christmas for donations. He stated that offering more choices in donation methods is vital and hopes to inspire the crypto community, particularly the younger generation, to contribute actively.
Future Collaborations and Web3 Initiatives
The partnership follows a Memorandum of Understanding (MOU) between Crypto.com and the Salvation Army. This agreement aims to facilitate the acceptance of digital asset donations and explore other collaborative projects involving Web3, GenAI, and blockchain technologies.
The Salvation Army has been actively investing in strategic partnerships and digital initiatives to leverage Web3 solutions for social good. As the relationship with Crypto.com progresses, both parties plan to extend their collaborations beyond the current integration.
For more information, visit the Salvation Army’s official page on crypto donations here.
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