Additionally, a partnership with Singaporean POS provider Jeripay has expanded cryptocurrency payment services across dtcpay’s extensive 8,000-terminal network. Founded in 2019 under the name Digital Treasures Center, dtcpay has garnered recognition within the industry. The company participated in Mastercard’s Start Path program for crypto and blockchain startups in November 2022, affirming its position as an innovative player. A pre-seed funding round in June, backed by the Pontiac Land Group real estate conglomerate, further attests to the confidence investors place in dtcpay’s forward-thinking approach to digital payments.

Singapore stands as a notable hub for electronic payments, boasting progressive cryptocurrency regulation and a commitment to consumer protection. Major players in the cryptocurrency space, including Coinbase and Ripple, obtained substantial payment institution licensing from MAS in October. The city-state is also actively exploring the potential of central bank digital currency (CBDC), although MAS has indicated that there is currently “no urgent use case” for a retail CBDC.

Dtcpay’s initiative aligns with the broader trend of integrating cryptocurrencies into mainstream financial services. The collaboration with PlatON and Allinpay positions the company to offer a robust and privacy-focused payment solution, catering to the evolving preferences of both merchants and consumers. As Singapore continues to embrace digital payment innovation, dtcpay’s multifaceted approach positions it at the forefront of the dynamic financial landscape, poised to shape the future of payments in the region.