Binance Pay taps TripleA for crypto payments
Binance, the world’s biggest cryptocurrency exchange, has selected Singapore-based TripleA as the latest cryptocurrency payment gateway for Binance Pay.
TripleA facilitates the acceptance of cryptocurrencies by monitoring, validating, and confirming client transactions on each blockchain. On the merchant side, TripleA allows clients to settle in cryptocurrency with easy setup, instant confirmation, locked-in exchange rate, real-time fiat conversion, and no chargeback crypto payment solution. As such, it removes the volatility risk by converting in real time the crypto to local currency.
TripleA’s offering meets the needs of many businesses including e-commerce merchants, retailers, game providers, PSPs, fintech, marketplaces, and tech companies. The company is licensed by MAS, the Monetary Authority of Singapore, allowing partners to operate in a compliant and regulated environment
The collaboration enables TripleA’s merchants to accept payments via Binance Pay. This will let users send and receive crypto payments around the world without incurring special handling fees.
“We could not be more excited to announce TripleA as a strategic payment partner,” stated Pakning Luk, Regional Head of Business Development, Binance Pay. “This cements Binance Pay’s mission in providing businesses and consumers a contactless, borderless, and secure cryptocurrency payment experience.”
“At Novelship, it is in our DNA to constantly listen to our customers and provide them with an elevated shopping experience every time they shop with us. In a recent survey, an overwhelming number of our customers showed keen interest in paying using alternative assets such as cryptocurrency,” said Richard Xia, CEO of Novelship. “Thanks to TripleA and Binance Pay, we are able to stay agile, adopt new payment technologies, and meet our customers’ needs swiftly.”
TripleA provides a seamless way to hold and transfer fiat funds, convert between fiat and crypto as well as manage compliance, all within its simple to integrate API. The alliance with Binance highlights the ongoing hype around crypto payments and relevant DeFi applications, as well as the potential for platforms that can enable their greater adoption.
TripleA’s founders see this domain is rapidly evolving, and thus it steps in to embed payments infrastructure into existing systems. This is similar to what PayPal and other payment providers have done for the ecommerce space.