Media Feature

Digital asset payment gets boost with Visa-dtcpay tie-up on cryptocurrency transactions

Explore how Visa and dtcpay are revolutionizing digital asset payments with their latest partnership. Learn more about their collaboration to integrate cryptocurrency transactions into Visa’s global network and the upcoming launch of the dtcpay Visa Infinite card.

2 Oct 2024 2 mins Read

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SINGAPORE – In a move that will help digital assets gain firmer ground in the payments sector, Visa has roped in a digital payment solutions firm to handle transactions in cryptocurrencies.

 

New York-listed Visa will integrate Singapore-based dtcpay’s digital payment capabilities into its global payments network.

 

The first phase of their agreement will be the launch of the dtcpay Visa Infinite card in the fourth quarter, the two firms said on Sept 18.

 

This card will allow users to convert digital currencies such as stablecoins into fiat at competitive real-time rates.

 

The fiat money will be used to make payments on users’ cards.

 

Under this deal, dtcpay has access to Visa’s 130 million merchants in over 200 countries and territories.

 

The companies will also develop additional global payments solutions aimed at ultra-high-net-worth (UHNW) individuals, businesses and consumers.

 

Visa and dtcpay said the partnership seeks to bridge the gap between traditional payments and digital currencies, and to enable merchants to accept payments from this growing segment of UHNW customers.

 

With developments in payment methods and platforms enabling seamless commerce across borders, the digital economy in South-east Asia is projected to hit US$1 trillion (S$1.29 trillion) by 2030, the firms said.

 

Various companies, particularly in Singapore, have been moving to add crypto as a payment option as digital assets and blockchain are viewed as having a role to play in the future of transactions.

 

In May, Singapore-based cryptocurrency payment firm Triple-A said that it had added American company PayPal’s digital coin to its offerings, as it moved to expand its reach in the United States and globally.

 

Earlier in 2024, ride-hailing operator Grab introduced digital currency top-ups in a tie-up with Triple-A.

 

Another ride-hailing platform, Tada, has partnered with The Open Network Foundation to allow passengers to pay for their rides with digital assets.

 

Ms Adeline Kim, Visa’s Singapore country manager, said:

“By combining Visa’s global reach with dtcpay’s Web3 expertise, we are empowering consumers and businesses who use dtcpay to convert their digital currencies into fiat and make digital payments seamlessly.”

Ms Adeline Kim

Visa’s Singapore country manager

Ms Alice Liu, chief executive and co-founder of dtcpay, said the move will create an additional digital payment avenue for businesses and individuals.

 

She said that it will also enable dtcpay to drive greater mainstream acceptance for digital currencies.

 

Announcement,Partnership

Celebrating Five Years of Innovation: dtcpay and Visa Ignite the Future of Payments at TOKEN2049

dtcpay marks its 5th year anniversary with an exciting partnership announcement with Visa!

23 Sep 2024 4 mins Read

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On September 18, 2024, the vibrant city of Singapore played host to an extraordinary event at TOKEN2049, where dtcpay and Visa joined forces to celebrate the future of digital payments in an exclusive, by-invite-only gathering atop Fullerton Bay Hotel’s ‘Lantern’ rooftop bar. As the sun dipped below the horizon, the iconic Marina Bay Sands provided a breathtaking backdrop for an evening filled with innovation, engagement, and unforgettable experiences!


Redefining the Afterparty Experience Amidst the Buzz of Asia Crypto Week

With Asia Crypto Week coinciding with the excitement of Formula 1 weekend, TOKEN2049 attracted crypto enthusiasts, innovators, and pioneers from around the globe. While the conference itself was buzzing with discussions on the future of blockchain technology, attendees were eagerly looking forward to the afterparties — where the real magic often happens. dtcpay’s 5th anniversary afterparty promised not just another gathering, but an immersive experience designed to captivate.

Unlike typical TOKEN2049 gatherings where free drinks often steal the show, dtcpay’s afterparty focused on sustained engagement. From the moment guests arrived, they were invited into an atmosphere of excitement, with ongoing booth activities drawing everyone in. The main bar, named ‘The Intersection of Web2 and Web3’, served as the centerpiece for mingling and interaction, allowing attendees to connect with each other while partaking in the event’s unique offerings.

4-Hours of Non-Stop Engagement in a Gamified Environment

Every hour brought fresh surprises, from giveaways to interactive games, heightening the anticipation and energy in the room. This wasn’t merely a networking event; it was a dynamic celebration of what the future of digital payments can offer, all while commemorating five years of our achievements.

Through gamified experiences, guests had the chance to win tokens, which could be exchanged for exclusive merchandise — an enticing incentive that kept spirits high and interactions flowing.

Celebrating a Game-Changing Partnership

The highlight of the evening was the official unveiling of the dtcpay Visa Infinite Card, designed for ultra-high-net-worth (UHNW) individuals. The card will allow users to convert digital currencies like stablecoins into fiat in real-time, seamlessly integrating their crypto assets into everyday transactions. With this innovation, dtcpay is bridging the gap between traditional finance and the burgeoning world of digital currencies, empowering users to transact globally with ease.

The partnership with Visa signifies a powerful alignment of two industry leaders committed to enhancing the payment experience for individuals and businesses alike. By combining Visa’s extensive global network with dtcpay’s cutting-edge digital payment solutions, the collaboration promises to elevate the way digital currencies are utilized in mainstream commerce.

A Commitment to Empowerment — The Voyager: Tomorrow’s Payments, Today

At the core of dtcpay’s mission is a dedication to empowering adventurers and dreamers to embrace a lifestyle that transcends traditional financial limitations. This event was not merely a celebration of new technology; it was a tribute to the individuals and innovators who are shaping the future of payments. As guests mingled and exchanged ideas, the atmosphere was charged with inspiration and camaraderie, echoing the spirit of innovation that defines the blockchain community.

Reflecting on an Unforgettable 5th Anniversary

The successful collaboration between dtcpay and Visa at TOKEN2049 marked a significant moment in the evolution of digital payments, beautifully aligning with our 5th anniversary. As we look ahead, the excitement surrounding the dtcpay Visa Infinite Card and the potential it unlocks for users around the world is palpable. This event not only celebrated innovation but also set the stage for a future where digital and traditional financial systems coexist seamlessly.

Join Us in Shaping ‘Tomorrow’s Payments, Today’!

For those who couldn’t make it to this landmark event, don’t worry — this is just the beginning. The partnership between dtcpay and Visa is poised to reshape the landscape of digital payments, and we invite you to join us on this journey. Together, we are redefining what it means to transact in a hyper-digitalized world, making it easier for everyone to embrace their desired lifestyles with confidence and convenience.

Stay tuned for more updates as we continue to innovate and push the boundaries of what’s possible in the world of digital payments. Thank you for being part of our journey, and here’s to a future filled with endless possibilities!

 

Read the full Press Release here.

 

For partnerships/ enquiries, contact us at marketing@dtcpay.com.

 

About dtcpay

dtcpay is a regulated Major Payment Institution (MPI) licensed by the Monetary Authority of Singapore (MAS) to conduct Digital Payment Token (DPT) services and other payment services under the Payment Services Act (PSA). As a leading provider of digital payment solutions, we pioneer the integration of cryptocurrency acceptance into traditional financial systems. With a vision to make global transactions seamless and sustainable, dtcpay empowers individuals and businesses to embrace the future of payments.

Learn more at dtcpay.com.