Singapore-based digital payments provider dtcpay has partnered with BNB Chain to accelerate the real-world utility of stablecoins, making paying with stablecoins more practical, accessible, and cost-effective for everyday transactions.
This collaboration will enable businesses using dtcpay to accept payments in stablecoins like USDT and USDC via the BNB Chain network, including BNB Smart Chain and opBNB.
One of the key aims of this integration is to reduce the transaction costs that often hinder wider crypto adoption.
BNB Chain’s low fees, averaging US$0.001 on opBNB and US$0.03 on BSC per transaction, make it an appealing option for businesses and consumers, especially for smaller purchases.
dtcpay believes this will encourage more businesses to accept stablecoins, effectively bridging the gap between traditional finance and Web 3.0 technologies.
The partnership also provides BNB Chain access to dtcpay’s existing merchant network, which includes major retailers like the Capella Hotel Group and over 35,000 locations in Singapore accessible through the NETS SGQR+ unified QR code system.
dtcpay already supports other popular blockchain networks such as Ethereum, Tron, and Polygon, and plans to expand its stablecoin offerings to include FDUSD and WUSD in the near future.
dtcpay’s commitment to making stablecoin payments more accessible is evident in its core solutions, which include:
Payments: dtcpay enables businesses to accept payments in stablecoins, offering a seamless experience for merchants and customers.
With the addition of BNB Chain, merchants can now access over 4.7 million daily active users (DAU) on opBNB and 1.12 million DAU on BSC, significantly expanding their payment options.
Wallet: The dtcpay Wallet app allows users to securely store, transfer, and withdraw stablecoins and fiat currencies.
With the integration of BNB Chain, the wallet makes it even easier for users to manage their stablecoins across multiple blockchain networks, giving them full control over their funds.
Card: The dtcpay Visa Infinite card, set to launch at the end of January 2025, supports multi-currency spending. Users can swap between stablecoins and fiat currencies and spend fiat directly through the card.
Designed as a bridge between digital and traditional financial systems, the card offers a seamless way to use stablecoins for everyday purchases.
Andy Sze Toh, Head of Payments, dtcpay, said,
“With dtcpay’s payment solutions, businesses can now seamlessly send and accept payments in stablecoins like USDT and USDC not only on Ethereum, Tron or Polygon, but on BNB Chain, allowing for easy off-ramping and conversion of stablecoins to fiat currencies.
By integrating BNB Chain in our payment solutions, dtcpay empowers businesses to accept stablecoin payments without the complications that traditionally come with dealing in digital assets.”
Sarah S, Head of Business Development at BNB Chain, said,
“We are thrilled to collaborate with dtcpay to simplify and expand the use of stablecoins, integrating crypto into daily life and advancing BNB Chain’s goal of driving widespread Web 3.0 adoption.”
Featured image credit: Edited from Freepik
