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The Singapore Fintech Association (SFA) now accepts stablecoin payments for membership fees through Triple-A.
Existing members and new applicants can pay from a supported digital wallet or use one of SFA’s existing payment methods.
Triple-A converts the stablecoins into Singapore dollars and settles the funds directly with SFA, which does not hold or handle digital assets.
The firm is licensed as a Major Payment Institution by the Monetary Authority of Singapore (MAS).
Eric Barbier, Founder and CEO of Triple-A, said,
“Our goal is to make stablecoin payments as straightforward as any other payment method.
Enabling SFA to accept them for membership fees shows how simple that can be for any organisation.”
“Our goal is to make stablecoin payments as straightforward as any other payment method.
Enabling SFA to accept them for membership fees shows how simple that can be for any organisation.”
Holly Fang, President of SFA, said
“Introducing stablecoin payments for membership fees gives our members greater flexibility and choice in how they transact.
It also marks a meaningful step towards wider adoption and reinforcing Singapore’s position as a leading hub for payments innovation.”
“Introducing stablecoin payments for membership fees gives our members greater flexibility and choice in how they transact.
It also marks a meaningful step towards wider adoption and reinforcing Singapore’s position as a leading hub for payments innovation.”
Featured image: Edited by Fintech News Singapore, based on image by Magnific
