Grab accepts bitcoin and crypto
The GrabPay Wallet now allows users to pay with cryptocurrencies such as bitcoin, ether and stablecoins including XSGD, USDC and USDT, local newspaper The Straits Times reported.
“This new feature provides users with additional flexibility and convenience as it allows them to convert their digital assets, such as stablecoins, into usable funds in their GrabPay wallet,” a Grab spokesperson said in a statement shared with The Block.
“By expanding its top-up capabilities with digital payment tokens, Grab offers users a seamless and efficient way to access the company’s wide range of services.” While Grab has built a strong presence in Southeast Asia, its crypto payment options are currently only available in Singapore, and it “will continue to monitor user adoption and respond to demand for such services,” the spokesperson said.
Web3
Grab has also started integrating web3 services with non-fungible token wallets. In June last year, it signed up to be part of a pilot study with the Monetary Authority of Singapore on the use of three digital assets, including central bank digital currencies, tokenized bank deposits and stablecoins.
Source: https://bitcoinmagazine.nl/nieuws/super-app-grab-accepteert-bitcoin-en-crypto-voor-betalingen
