Investing Updates : SG Crypto Landscape

https://www.straitstimes.com/business/crypto-tie-ups-heat-up-action-in-singapore-in-areas-of-payment-and-stablecoin

OpenAI

The cryptocurrency landscape in Singapore is witnessing rapid growth through key partnerships and initiatives. Payment firm Triple-A has teamed up with DCS Card Centre, allowing users to top up with five digital currencies, including Bitcoin and Ether. Ride-hailing platforms Grab and Tada have integrated crypto payments. Meanwhile, Standard Chartered invested in One Trading, Circle partnered with Sony for stablecoin USDC, and TRM Labs joined forces with Tron and Tether to combat crypto-related crimes. Analytics platform Nansen also expanded its offerings by acquiring StakeWithUs.

My Thoughts

• Grab and Tada crypto payments for services are interesting developments. I wonder how's the transaction volumes so far.

• I think it will drive awareness and adoption greatly if crypto is available in Shopee & Lazada platforms, PayLah, etc. These are popular everyday services used by many.

• Generally, it's going the right direction in SG. Looks exciting from here onwards.