Grab Introduces Crypto Payments in Singapore, Allowing Users to Pay with Bitcoin and 4 Other Cryptocurrencies

Singapore users can now pay for Grab services using 5 cryptocurrencies (BTC, ETH, XSGD, USDC, USDT) through a partnership with Triple-A.

The new crypto payment option is currently only available to Grab users in Singapore.

Grab stated they will monitor user adoption and respond to demand for crypto services going forward.

This allows digital currency owners in Singapore to use crypto for everyday transactions like food delivery.

The development comes despite Singapore typically taking a cautious regulatory approach to cryptocurrencies.