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Home News Crypto

Crypto.com Partners with Triple-A to Revolutionize Crypto Payments in E-Commerce

21 November 2024
in Crypto, News
Reading Time: 3 mins read
108 3
source: coindesk.com

source: coindesk.com

Crypto.com has partnered with the Singapore-based payments platform Triple-A to enhance the crypto shopping experience and enable users to make direct cryptocurrency payments on leading e-commerce platforms without converting to fiat currency, beginning in Singapore and expanding globally.

By integrating Triple-A’s regulated payment solution, Crypto.com wallet users can seamlessly shop from top fashion, luxury, travel, and gaming brands. The collaboration streamlines checkout processes, offering a one-step crypto payment method while enabling users to earn exclusive rewards.

Merchants also benefit by gaining access to Crypto.com’s vast global customer base. With Triple-A’s instant crypto-to-fiat conversion and next-day settlements in local currency, businesses can accept cryptocurrency without worrying about price volatility or handling digital assets.

Eric Barbier, CEO of Triple-A, highlighted the value of the partnership, stating,

“Merchants can now provide Crypto.com users with a streamlined payment journey, ensuring transactions are processed securely and predictably while shielding businesses from crypto market risks.”

Eric Anziani, President and COO of Crypto.com, emphasized the initiative’s goal:

“Our partnership with Triple-A empowers users to spend crypto effortlessly while earning rewards. This marks another step in making crypto payments mainstream and enhancing real-world usability.”

He explained that Crypto.com and Triple-A aim to make cryptocurrency a convenient, everyday payment method, expanding its adoption across diverse industries and simplifying how consumers shop online.

This development follows Crypto.com’s recent acquisition of Fintek Securities, a licensed Australian brokerage regulated by the ASIC. Announced on November 14, this move enables Crypto.com to offer eligible Australian users a comprehensive range of financial services, including deposit products, securities, derivatives, foreign exchange and managed investment schemes. Kris Marszalek, CEO of Crypto.com, described the acquisition as a step toward realizing the platform’s vision of becoming a comprehensive financial hub. He further revealed plans to launch additional services, such as crypto derivatives and stock trading, through its subsidiaries by the end of the year.

 

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