Singapore Red Cross to accept donations in Bitcoin and Ethereum

Singapore Red Cross recently announced its partnership with Triple-A. Now, the homegrown humanitarian organization will start accepting donations in Bitcoin and Ethereum.

Triple-A is a renowned payment gateway that boasts a license from the MAS (Monetary Authority of Singapore). The announcement is gaining traction as users get ready for the upcoming Singapore National Day. Let’s see how the collaboration benefits both parties:

The white-label cryptocurrency payment solution by Triple-A will help the Singapore Red Cross receive donations in crypto. It will allow the organization to promote humanitarian services across Singapore.

To ensure a seamless transaction process, Triple-A will instantly convert crypto donations into fiat currencies. Thus, the transactions will be settled through bank transfers in one business day. It will allow the humanitarian organization to easily support its initiatives with ample funds. 

As for the accepted cryptocurrencies, the Singapore Red Cross will start with popular coins, such as Bitcoin, Ethereum, Tether, and the USD coin. The process will be simple since Triple-A supports all crypto wallets. With an equally large user base, Ethereum price predictions also became a popular search among crypto traders.

Given the brewing demand for crypto in the region merged with the Singapore Red Cross’ popularity, the partnership is expected to assist the cryptocurrencies. It will promote the adoption of major crypto, such as Bitcoin and Ethereum. 

A partnership with Triple-A will open the doors of a new realm of tech-savvy donors who want to make a difference. Crypto donations will also enable more opportunities for youngsters who wish to help the vulnerable.

This adoption can boost the prices of the crypto, and that is why the news triggered traders to look for an updated BTC price prediction

The latest development gained praise from multiple parties, including the CEO and Secretary General of the Singapore Red Cross. According to Mr. Benjamin William, crypto donations have become massively popular because of their efficiency and accessibility.

Similarly, the CEO of Triple-A, Mr. Eric Barbier, also expressed delight about the partnership. As per Barbier, everyone at Triple-A is thrilled to be working with the Singapore Red Cross. The partnership will enable crypto donations while empowering donors to support humane causes.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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