Binance, the world’s largest cryptocurrency exchange, has selected Singapore-based TripleA as the latest cryptocurrency payment gateway for Binance Pay.
TripleA facilitates cryptocurrency acceptance by monitoring, validating and confirming customer transactions on every blockchain. On the merchant side, TripleA enables customers to pay in cryptocurrency with easy setup, instant confirmation, locked exchange rate, real-time fiat conversion, and a crypto payment solution with no chargebacks. As such, it removes volatility risk by converting crypto into local currency in real time.
TripleA’s offering meets the needs of many businesses, including e-commerce merchants, retailers, game providers, PSPs, fintechs, marketplaces and technology companies. The company is licensed by MAS, the Monetary Authority of Singapore, allowing partners to operate in a compliant and regulated environment
The collaboration allows TripleA merchants to accept payments through Binance Pay. This will allow users to send and receive crypto payments globally without incurring special processing fees.
“We couldn’t be more excited to announce TripleA as a strategic payment partner,” said Pakning Luk, Regional Business Development Manager, Binance Pay. “This cements Binance Pay’s mission to provide businesses and consumers with a contactless, borderless, secure cryptocurrency payment experience.”
“At Novelship, it’s in our DNA to constantly listen to our customers and provide them with a superior shopping experience every time they shop with us. In a recent survey, an overwhelming number of our customers showed strong interest in paying using alternative assets such as cryptocurrency,” said Richard Xia, CEO of Novelship. “Thanks to TripleA and Binance Pay, we are able to stay agile, adopt new payment technologies and respond quickly to our customers’ needs.”
TripleA offers a seamless way to hold and transfer fiat funds, convert between fiat and crypto as well as manage compliance, all within its simple to integrate API. The alliance with Binance highlights the current hype around crypto payments and relevant DeFi applications, as well as the potential of platforms that can enable their greater adoption.
TripleA’s founders see this field evolving rapidly, and so they are stepping in to integrate payment infrastructure into existing systems. This is similar to what PayPal and other payment providers have done for the e-commerce space.
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Binance Pay Uses TripleA For Crypto Payments
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