Singapore Red Cross Partners with Triple-A to Accept Cryptocurrency Donations
Singapore Red Cross has partnered with Triple-A, the first licensed crypto payment gateway in Singapore, to accept cryptocurrency donations. This partnership allows the humanitarian organization to tap into the growing crypto market and receive donations in various cryptocurrencies, including Bitcoin, Ethereum, Tether, and USD Coin.
Key Points:
- Triple-A is a licensed crypto payment gateway that enables businesses to accept crypto payments and payouts.
- The partnership allows the Singapore Red Cross to accept donations in different cryptocurrencies, which will be converted into fiat currency and settled via bank transfer within one business day.
- The Secretary General and CEO of Singapore Red Cross, Mr. Benjamin William, emphasizes the efficiency and accessibility of cryptocurrency donations.
- Triple-A CEO, Mr. Eric Barbier, highlights the benefits of crypto payments, including faster and more secure transactions, reduced administrative overheads, and prompt fund delivery.
- The new payment option is live on the Singapore Red Cross website, allowing donors worldwide to contribute using their preferred cryptocurrencies.
Hot Take: The partnership between Singapore Red Cross and Triple-A is a significant step towards mainstream adoption of cryptocurrency donations in the humanitarian sector. By accepting cryptocurrencies, the Singapore Red Cross can reach a broader audience of tech-savvy donors and ensure faster and more secure transactions, ultimately benefiting their humanitarian initiatives.
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