Singapore Red Cross joined hands with Triple-A to accept donations in various cryptocurrencies like BTC and ETH
Singapore Red Cross partnered with crypto payment gateway Triple-A, the first crypto payment gateway licensed by the Monetary Authority of Singapore (MAS), ahead of Singapore’s National Day to include cryptocurrency as a newly-accepted donation form.
With Triple-A’s white-label crypto payment solutions, the Singapore Red Cross can now receive cryptocurrency donations from supporters to deliver humanitarian services to uplift the vulnerable, particularly in Singapore. Singapore Red Cross will accept donations in various cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC). The process is simple, as all crypto wallets are supported through Triple-A.
All crypto donations will be converted into fiat currency and settled via bank transfer within one business day, ensuring the funds are readily accessible to support the organization’s humanitarian initiatives.
Singapore Red Cross officials expressed enthusiasm for this new collaboration in the company’s press release. They emphasized that cryptocurrency donations have recently gained popularity due to their efficient processing and global accessibility.
Mr. Benjamin William, Secretary General and CEO of the Singapore Red Cross, enthused, “Cryptocurrency donations have become increasingly popular due to the efficiency of processing them and their global accessibility. By accepting digital currencies, we open our doors to a new segment of tech-savvy donors who wish to make a difference through their digital assets. Enabling cryptocurrency donations also opens more opportunities for the new generation of donors who are au fait with digital currencies to consider philanthropy and helping the vulnerable.”
Officials from Triple-A also weighed in on the partnership’s potential to empower donors to support humanitarian causes with their digital assets. The newly introduced payment option is operational on the Singapore Red Cross website, enabling donors worldwide to contribute using their preferred cryptocurrencies.
“We’re honored to partner with the Singapore Red Cross in enabling cryptocurrency donations and empowering donors to support humanitarian causes with digital assets,” said Mr. Eric Barbier, CEO of Triple-A, “Crypto payments offer faster, more secure transactions, reduce administrative overheads, and ensure that the funds reach those in need promptly,”
