Singapore’s dtcpay to Launch Payment System Using Fiat and Cryptocurrencies
Singapore-based dtcpay is set to launch a new payment system that will allow you to use both fiat and cryptocurrencies for in-store and online payments. In its announcement, the company mentioned that it will incorporate Tether (USDT), Ether (ETH), and Bitcoin (BTC) into its payment system.
Partnering with open-source blockchain PlatON for privacy-protected digital infrastructure and Allinpay International to create smart terminals and a digital interface, dtcpay is making moves to revolutionize the payment industry. Both PlatOn and Allinpay are based in China, and dtcpay, along with Allinpay, are registered with the Monetary Authority of Singapore (MAS) as major payment institutions.
“This cooperation will […] Help merchants better adapt to the modern payment trend and meet the needs of young consumers.”
Dtcpay plans to provide an exchange service for fiat and crypto while also onboarding new cryptocurrencies in its new payment system. Additionally, it already offers point-of-sale and online checkout services. In recent months, dtcpay has made deals with various companies such as London-based Sumsub for Know Your Customer services and Singapore POS provider Jeripay to provide crypto payment services on its 8,000-terminal network.
Hot Take: Dtcpay’s Expansion into Cryptocurrency Payments
Dtcpay’s partnership with PlatON and Allinpay International demonstrates its commitment to creating a comprehensive payment system that incorporates both fiat and cryptocurrencies. This move not only allows you to make payments using various digital currencies but also supports merchants in adapting to modern payment trends. With its expansion into the cryptocurrency space, dtcpay is poised to transform the future of payments by providing innovative solutions for both in-store and online transactions.
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