Tag "StraitsX"

StraitsX is Bringing Real-World Stablecoins to the Singapore Mainstream

Stablecoins have been rising in conversation within the financial ecosystem of Singapore. Be it central bank digital currencies (CBDCs), a tokenised digital Singapore Dollar, or various initiatives backed by governmental regulators, stablecoins are one of the more pivotal developments in

Read More

Ant International, Grab, StraitsX Explores Use of Digital SGD for Cross-Border Payments

Ant International, Grab, and StraitsX (part of Fazz) announced a collaboration to look into the potential of Purpose Bound Money (PBM) for cross-border payments. PBM is a protocol that specifies the conditions upon which an underlying digital currency can be

Read More

StraitsX, Paxos Secure MAS Approval to Issue SGD and USD Stablecoins

Three entities have received In-Principle Approvals (IPA) from the Monetary Authority of Singapore (MAS) to issue stablecoins that will align with the central bank’s proposed stablecoin regulatory framework. Stablecoins issued by the three entities – StraitsX SGD Issuance, StraitsX USD

Read More

Amazon Offers Exclusive Merchandise through Blockchain Wallets at SFF 2023

Amazon, StraitsX (part of Fazz) and Grab have launched an industry pilot at the Singapore Fintech Festival (SFF) that allows users to connect their blockchain wallet to redeem exclusive merchandise. The pilot is built on the Monetary Authority of Singapore’s

Read More

FOMO Pay Enables Merchants to Accept Digital Singapore Dollar for Industry Pilot

Singapore-based payment institution FOMO Pay is participating in the Singapore Pitstop Pack industry pilot to enable merchants to accept Purpose Bound Money (PBM). Under the pilot programme, FOMO Pay will provide its hero merchants (Mount Faber and Jumbo) and participating

Read More

Grab Participates in StraitsX’s Pilot Use of Tokenised Digital Vouchers at SFF 2022

Fazz financial group’s StraitsX and Grab are testing the issuance of Purpose Bound Money (PBM) with 5,000 trial participants during Singapore Fintech Festival (SFF) as one of four trials under MAS’ Project Orchid. Participants will be able to utilise PBM

Read More

StraitsX Pilots Three Stablecoin Applications at SFF to Showcase Real-World Use Cases

Crypto payment infrastructure company StraitsX is piloting a series of stablecoin applications at the Singapore Fintech Festival 2022 to showcase stablecoins’ real-world use cases and business benefits. The three use cases, done in collaboration with IDEMIA, The HBAR Foundation, Mastercard

Read More

Xfers’s Digital Assets Platform StraitsX Rebrands, Hits SGD 2 Billion in Transactions

StraitsX, a Southeast Asian digital assets platform developed by Xfers, announced that it has surpassed the SGD 2 billion mark in digital assets-related transactions on its payment platform in 2021 and will be rebranding its platform. The new StraitsX platform

Read More