dtcpay

The Singapore-based stablecoin payment infrastructure company Dtcpay announced the completion of a $10 million Series A funding round, led by Vertex Ventures Southeast Asia & India.The company has obtained a Luxembourg electronic money institution license to expand regulated payment services in the European Economic Area. Dtcpay builds stablecoin payment infrastructure for businesses and consumers and has partnered with Visa to launch a card that connects digital finance with traditional finance. Its platform supports real-time settlement between stablecoins and fiat currencies.

ChainCatcher news, according to Cointelegraph, the Singapore-licensed cryptocurrency payment platform Dtcpay has announced plans to gradually stop supporting cryptocurrencies such as Bitcoin, shifting to transactions limited to stablecoins.Its platform will gradually cease support for Bitcoin and Ethereum payments by the end of 2024. Instead, Dtcpay will transition to exclusively supporting stablecoins (such as Tether's USDt and Circle's USD Coin) as the payment method for all its Digital Payment Token (DPT) services.Dtcpay plans to complete the full transition to a stablecoin payment model by January 2025. In addition to USDT and USDC, Dtcpay will also support the reserve-backed stablecoin First Digital USD (FDUSD) launched by First Digital, as well as the stablecoin Worldwide USD (WUSD) from the Worldwide Stablecoin Payment Network (WSPN).

ChainCatcher news, according to Economy Watch, payment giant Visa announced a partnership with Singaporean crypto payment provider dtcpay to launch the Crypto-to-fiat Card.It is reported that the card is primarily aimed at ultra-high-net-worth (UHNW) individuals, allowing users to convert stablecoins and other cryptocurrencies into fiat currency using real-time exchange rates. There are plans to expand to the merchant side, and the card is expected to open for public registration in the fourth quarter of this year.

ChainCatcher news, ICC Camp has reached a strategic cooperation with SlowMist, GSR, dtcpay, and Alchemy Pay, which will provide ecological support for ICC Camp. By integrating the resource advantages of both parties, they will jointly build a powerful global Web3 gaming ecosystem, helping outstanding startup teams in the Web3 gaming field thrive in the future.ICC Camp will officially launch the first phase of student enrollment and mentor lineup announcement on January 3, 2024. ICC Camp sincerely invites institutions, media, and communities interested in the Web3 gaming ecosystem to join the first phase of the startup camp program and share in the prosperous development of the Web3 gaming ecosystem.

ChainCatcher news, Singapore's cryptocurrency payment platform dtcpay announced the completion of a $16.5 million Pre-A round of financing. This round was led by Pontiac Land Group Chairman Kwee Liong Tek, with participation from former Carlyle Group Managing Director/Partner David Tung, BURGESS Asia Chairman Jean Marc Poullet, former McKinsey Senior Partner Tham Sai Choy, and former KPMG Singapore and Asia Pacific Chairman.The funds from this round of financing will be further invested in product development, building stronger operational/infrastructure capabilities, and expanding dtcpay's global influence. (The Business Times)

ChainCatcher news, the cryptocurrency payment provider Digital Treasures Center, which holds the MPI license from the Monetary Authority of Singapore (MAS), announced its rebranding to "dtcpay" to signify its commitment to digital payments.Kanny Lee, the new CEO of dtcpay Group, stated that the business will expand to Hong Kong in the future and will launch more fiat and digital currency trading pairs. Over 50 million Singapore dollars in transactions were processed in the first quarter of 2023.As of April 2, 2023, dtcpay has integrated WeChat Pay for merchants. (Source link)