Singapore homegrown humanitarian organization Singapore Red Cross has partnered with crypto payment gateway Triple-A to include cryptocurrency as a newly-accepted form of donation.
The duo said in a statement on Monday that 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.
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.
According to the statement, 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.
“Cryptocurrency donations have become increasingly popular due to the efficiency of processing them and their global accessibility,” said Benjamin William, Secretary General and Chief Executive Officer of Singapore Red Cross.
“By accepting digital currencies, we open our doors to a new segment of donors who are tech-savvy and 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,” he added.
Meanwhile, Triple-A Chief Executive Officer Eric Barbier said the firm is honored to partner with the Singapore Red Cross in enabling cryptocurrency donations and empowering donors to support humanitarian causes with digital assets.
“Crypto payments offer faster, more secure transactions, reduce administrative overheads, and ensure that the funds reach those in need promptly,” he said.
According to the statement, the new payment option is now live on the Singapore Red Cross website, allowing donors from around the world to contribute using their preferred cryptocurrencies.
Donations can now be made through the Singapore Red Cross’ website.
Triple-A is a licensed crypto payment gateway that helps businesses increase their revenue by enabling crypto payments and payouts, giving them access to the spending power of the fast-growing 420 million+ cryptocurrency users.
Triple-A’s white label crypto payments solutions allow businesses from all industries to leverage the benefits of the growing crypto market without being exposed to volatility risk or having to handle or convert digital currencies.
The firm is licensed by the Monetary Authority of Singapore (MAS) and used by over 20,000 businesses.
Outside of Singapore, Triple-A also holds licenses from Banque de France’s ACPR in Europe and is registered with the United States Financial Crimes Enforcement Network (FinCEN).
Singapore Red Cross is a homegrown humanitarian organization, dedicated to relieving human suffering, protecting lives and dignity, and responding to emergencies since 1949.
The firm serves the vulnerable through its blood donor program, home, and day activity center for the disabled, transport aid, elder aid, family life aid, and community first aid.
The firm also mobilize and translate contributions from the donor community to relief and recovery, rehabilitation, and reconstruction efforts, with the aim of helping communities affected by disasters.
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