Singapore Users Can Pay with Cryptocurrencies on Grab Super App

According to CoinDesk, Singapore users can now pay using five cryptocurrencies on the Grab super app, following a partnership with payments firm Triple-A. The app offers ride-hailing, food delivery, and digital payments in South Asia and is available in eight countries in the region. However, the current development only applies to Singapore. Triple-A enables businesses to pay and receive payments in digital currencies, and the crypto top-ups in GrabPay Wallet were rolled out on March 12. Users can pay using bitcoin (BTC), ether (ETH), StraitsX’s Singapore dollar-backed stablecoin XSGD, Circle’s USDC stablecoin, and Tether’s USDT stablecoin. Grab has been involved in the Web3 space for some time, announcing plans in September 2023 to conduct a pilot for a Web3 wallet within the Grab super app in partnership with Circle. This development may come as a surprise, given Singapore’s cautious approach to crypto while welcoming innovation. The country's current president, Tharman Shanmugaratnam, has previously called crypto 'purely speculative' and 'slightly crazy.' Grab did not immediately respond to CoinDesk’s requests for comment.