TripleA Wins Singapore Crypto License
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The crypto payments firm is the fourth to receive a digital payments token (DPT) license in the city-state.
The Monetary Authority of Singapore (MAS) has awarded a DPT license to TripleA, allowing the company to provide end-to-end cryptocurrency payment services, according to an announcement this week.
Founded in 2017 by mobile and payments entrepreneur Eric Barbier, TripleA currently operates in Singapore, with a presence in Hong Kong and Europe.
CEO Barbier said in the announcement that the license will enable the company to «expand cryptocurrency access to more residents and also strengthen TripleA’s positioning as a trusted and reliable crypto payments partner for businesses worldwide.
MAS has awarded DPT licenses to DBS Vickers, Australian crypto exchange Independent Reserve and fintech firm Fomo Pay.
It has received over 170 license applications from digital payment token service providers, including global crypto exchanges such as Coinbase and Kraken.
Questions & Answers
Q.Which other companies have received a DPT license from the Monetary Authority of Singapore?
Which other companies have received a DPT license from the Monetary Authority of Singapore?
MAS has previously granted DPT licenses to DBS Vickers, Australian crypto exchange Independent Reserve, and fintech firm Fomo Pay. TripleA is the fourth company to secure this type of license in Singapore.
Q.How many DPT license applications has MAS received in total?
How many DPT license applications has MAS received in total?
The Monetary Authority of Singapore has received over 170 applications for digital payment token service provider licenses. This includes applications from major global crypto exchanges like Coinbase and Kraken.
Q.When was TripleA founded and where does it currently operate?
When was TripleA founded and where does it currently operate?
TripleA was founded in 2017 by Eric Barbier, a mobile and payments entrepreneur. The company currently operates in Singapore and also has a presence in Hong Kong and Europe.
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