Southeast Asia super-app Grab offers crypto payment options in Singapore

Quick Take

  • The popular ride-hailing app said users in Singapore can top up their wallets with cryptocurrencies.
  • The company said it will “monitor user adoption” and “respond to demand” for such services.

Grab, the major ride-hailing super-app in Southeast Asia, has started allowing users to top up their wallets with cryptocurrencies in Singapore through its partnership with payments firm Triple-A.

The GrabPay Wallet now enables users to pay using cryptocurrencies such as bitcoin, ether, and stablecoins including XSGD, USDC, and USDT, according to local newspaper The Straits Times.

“This new feature provides users with added flexibility and convenience as it allows them to convert their digital assets, such as stablecoins, into usable funds in their GrabPay Wallets,” a Grab spokesperson said in a statement shared with The Block. “By expanding the top-up options to include Digital Payment Tokens, Grab is providing users with a seamless and efficient way to access the company’s wide range of services.”

Grab to monitor ad