{"id":181256,"date":"2023-10-26T08:35:53","date_gmt":"2023-10-26T03:05:53","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=181256"},"modified":"2023-10-26T08:35:53","modified_gmt":"2023-10-26T03:05:53","slug":"triple-a-raises-10-million-to-enhance-tradfi-blockchain-payment-efficiency-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/triple-a-raises-10-million-to-enhance-tradfi-blockchain-payment-efficiency-crypto-news\/","title":{"rendered":"Triple-A Raises $10 Million to Enhance TradFi-Blockchain Payment Efficiency &#8211; Crypto News"},"content":{"rendered":"<div>\n<p>Triple-A, a Singapore-based digital currency payments company, has raised\u00a0US$10 million in a Series A fundraising round. Peak XV Partners (previously known as Sequoia India &amp; South East Asia) led the round, while Shorooq Partners, one of the premier technology investors in the MENA region, provided strategic backing for the Round.<\/p>\n<p>The company will channel the money towards creating solutions that\u00a0bridge the gap\u00a0between traditional financial services (TradFi)\u00a0and blockchain-backed payments. This is in line with\u00a0the company\u2019s mission\u00a0to create a more streamlined global payment network.<\/p>\n<h2 class=\"wp-block-heading\">Bridging TradFi and Blockchain payments <\/h2>\n<p>Triple-A has prioritised regulatory compliance and has obtained operating licenses in various jurisdictions. The company is licensed as a\u00a0Payment Institution by the\u00a0Monetary Authority of Singapore (MAS). and it similarly has\u00a0a Payment Institution License from the French Central\u00a0Bank, allowing it to process payments in the wider\u00a0EU block. In addition, it is licensed by the Financial Crimes Enforcement Network (FinCEN) of the United States.<\/p>\n<p>The company is developing a full range of services to help businesses manage international money transfers with greater efficiency. It enables\u00a0companies to make and receive payments in both fiat and cryptocurrency while cushioning them against volatility. In a digital currency market known for its volatility, this is an invaluable service that will go a long way towards bridging TradFi and blockchain-backed payments.<\/p>\n<p>The company started off in 2017, and it is worth noting that many of Triple-A\u2019s\u00a0original backers\u00a0participated in the latest funding round, signaling\u00a0their confidence in\u00a0the company and its leadership. There has been a growth in the number of requests from major companies for the company\u2019s digital currency payment solutions, particularly as regards payment solutions for\u00a0international B2B transactions.<\/p>\n<p>Triple-A\u2019s corporate client list is impressive. The\u00a0company has recently\u00a0formed a partnership with iStudio, Singapore\u2019s largest Apple products reseller, to accept cryptocurrency payments at select iStudio outlets. With over 70 people on staff, the company has a global footprint,\u00a0with operating offices\u00a0in Singapore, Miami, Hong Kong, Paris, and Barcelona.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Triple-A, a Singapore-based digital currency payments company, has raised\u00a0US$10 million in a Series A fundraising round. Peak XV Partners (previously known as Sequoia India &amp; South East Asia) led the round, while Shorooq Partners, one of the premier technology investors in the MENA region, provided strategic backing for the Round. The company will channel the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":181257,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-181256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/181256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=181256"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/181256\/revisions"}],"predecessor-version":[{"id":181259,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/181256\/revisions\/181259"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/181257"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=181256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=181256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=181256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}