Crypto.com and Triple-A announced a partnership that will provide Crypto.com’s customer base access to a range of new merchants.
Beginning in Singapore, Crypto.com users can soon make purchases from e-commerce brands directly with crypto from “within their trusted Crypto.com wallet while earning exclusive crypto rewards.”
Crypto.com users will soon benefit from an optimized checkout experience across an array of “online merchants in industries such as fashion, luxury, travel, and gaming.”
Triple-A removes the need for users to convert digital assets into “local currency, offering a straightforward, one-step process for crypto transactions.”
This partnership between the Singapore-based firms reflects Crypto.com and Triple-A’s commitment to making “cryptocurrency an accessible, everyday payment option.”
By eliminating conversion fees and simplifying the payment process, they aim to empower users to make purchases “directly with their crypto balances.”
For merchants, this partnership provides access to an audience of crypto-owning shoppers and makes adding crypto to their payment suite “as simple as integrating any other payment method.”
With Triple-A’s solution, merchants are shielded from crypto volatility, benefiting from next-day settlements directly in their local currency “without the need to hold, manage, or report digital assets.”
Triple-A ensures that transactions remain in fiat, providing merchants with a predictable payment experience that “aligns with their existing payment operations.”
Eric Barbier, CEO at Triple-A said that their collaboration allows merchants to provide Crypto.com users with an “optimized digital currency payment user journey.”
Barbier also mentioned that with Crypto.com as an additional payment option, select merchants can “accept crypto without exposure to volatility, thanks to our instant conversion model, and settle transactions in their preferred currency with next-day bank deposits.”
Eric Anziani, President and COO of Crypto.com said that partnering with Triple-A enables them to do this by “expanding crypto payments to a range of popular brands, creating a seamless shopping experience and providing an opportunity to earn cashback rewards to make spending crypto even more rewarding.”
Triple-A, the digital currency financial institution, enables businesses to pay and get paid in traditional and digital currencies, “volatility-free.”
By bypassing intermediaries and banking hours, they reportedly “cut costs and enable fast, 24/7 global payments.”
Their payment solutions blend into business operations while upholding the standards of compliance.
Founded in 2016, Crypto.com claims that it is “trusted” by more than 100 million customers worldwide and is the industry participant focused on regulatory compliance, security and privacy.
