Singapore startup dtcpay unveiled a new crypto payment system for in-store and online transactions. The company is partnering with Chinese firms PlatON and Allinpay to enable retail crypto spending.
The system will support top cryptocurrencies including Tether, Ethereum, and binance-as-leading-bitcoin-futures-exchange">Bitcoin. Dtcpay is registered in Singapore as a major payment institution.
Allinpay will provide smart terminals and interfaces. PlatON, a blockchain company, will supply privacy-preserving infrastructure. The partners aim to meet demand from young consumers for modern payment options.
Dtcpay already offers some crypto point-of-sale and online checkout services. But the new solution represents a bigger push into retail crypto payments in Singapore’s progressive regulatory environment.
By collaborating with Chinese partners, dtcpay links two significant crypto markets. Singapore nurtures crypto innovation but China has the scale for mass adoption once restrictions ease.
For now, Singapore maintains a measured approach, even piloting a retail CBDC. But dtcpay’s retail crypto payment launch highlights steadily growing use cases.
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