Singapore’s AXS, supported by DBS Bank and Tower Capital Asia, has joined forces with cryptocurrency firm Triple-A to introduce cryptocurrency payments for various services. Users in Singapore can now pay bills using Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC) through AXS’ mobile app, AXS m-station, covering 550 out of 600 available services. Triple-A will facilitate the payments by instantly converting the chosen cryptocurrency into Singapore dollars and crediting the amount to AXS’ bank account. The partnership aims to extend cryptocurrency payment options to AXS Stations and the AXS e-Station website in the second quarter of 2024, providing greater convenience to AXS’s user base of 650,000 monthly active users. As AXS expands the cryptocurrency payment option to more platforms, it contributes to the ongoing narrative of digital assets becoming a mainstream part of financial ecosystems. (Source: Bitcoinist)
