HitPay and Triple-A partner to provide stablecoin payment services to Singapore businesses

HitPay, a Singaporean payments platform for small and medium-sized enterprises (SMEs), has partnered with Triple-A to provide stablecoin payment services to over 20,000 businesses in Singapore. This partnership enables merchants to accept stablecoin payments for both e-commerce and in-store purchases, instantly converting them to fiat currency. This move aims to reduce merchants' exposure to cryptocurrency price fluctuations while ensuring compliance with local regulatory requirements. Merchants can activate this new feature within minutes, according to the two companies.