Singapore fintech startup dtcpay has unveiled its innovative retail crypto payments system. This platform aims to transform in-store and online transactions by seamlessly integrating traditional currencies with cryptocurrencies. dtcpay’s recent announcement showcased prominent digital assets such as Tether (USDT) valued at $1.00, Ether (ETH) priced at $2,047, and Bitcoin (BTC) at $37,072, illustrating a holistic approach to digital assets.
To create a robust and secure payment ecosystem, dtcpay is working with important players in the blockchain industry. By partnering with PlatON, an open-source blockchain, dtcpay aims to establish a digital infrastructure that prioritizes privacy. Furthermore, dtcpay has joined forces with Allinpay International, a Chinese company, to develop smart terminals and a user-friendly digital interface. These partnerships showcase dtcpay’s commitment to providing a dependable and effective payment solution.
Both dtcpay and Allinpay are registered with the Monetary Authority of Singapore (MAS) as major payment institutions, showing compliance with regulatory standards. The company’s method includes exchanging fiat and crypto, with future plans to add more cryptocurrencies. Dtcpy currently offers point-of-sale and online checkout services, and this new venture enhances its abilities in the ever-changing digital payment landscape.
dtcpay has made strategic partnerships with Sumsub and Jeripay to improve its digital wallet and crypto payment services. Through the collaboration with Sumsub, dtcpay is now able to offer Know Your Customer (KYC) services for its digital wallet, ensuring that users have a secure and compliant experience.
Furthermore, the agreement with Jeripay allows dtcpay to provide crypto payment services across the extensive 8,000-terminal network of the Singapore-based POS provider. These partnerships will greatly enhance dtcpay’s offerings and provide more convenience for its users.
Meanwhile, In 2019, the Digital Treasures Center was founded. It quickly gained attention by joining Mastercard’s Mastercard Start Path program for crypto and blockchain startups in November 2022. The Pontiac Land Group, a real estate conglomerate, showed confidence in the startup by providing funding in a pre-seed round in June.
dtcpay: Transforming Digital Finance in Fintech-Friendly Singapore
Singapore is a great place for dtcpay’s unique payment solutions because of its forward-thinking cryptocurrency regulations and strong consumer protections. Even well-known companies like Coinbase and Ripple have obtained licenses from MAS. This shows how dedicated Singapore is to encouraging fintech innovation.
Furthermore, dtcpay has recently launched a new retail crypto payments system. This move further establishes dtcpay as a key player in the digital finance industry. This accomplishment showcases Singapore’s dedication to adopting innovative technologies.
Moreover, In a swiftly changing financial world, dtcpay has a vision that extends beyond transactions. This startup seeks to empower individuals and businesses with payment solutions that are seamless, secure, and inclusive. By forming strategic partnerships and broadening their services, dtcpay is ready to shape the future of digital finance. Their goal is to bring about innovation and enhance efficiency in every transaction.
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The author’s views are for reference only and shall not constitute investment advice. Please ensure you fully understand and assess the products and associated risks before purchasing
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