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Digital Treasures Center Trailblazing in Physical Cryptocurrency Transactions, Business News

Launches first POS machine for crypto transactions in Singapore

Singapore, Nov 9, 2022 – (ACN Newswire) – Digital Treasures Middle (DTC), a web2.0 and web3.0 cost service supplier, has achieved a number of firsts since acquiring the complete cost licenses from the Financial Authority of Singapore (MAS) in August 2022.

  1. The fintech is the primary cost firm to launch some extent of sale (POS) machine in Singapore to simply accept cryptocurrencies.
  2. DTC’s Chief Working Officer El Lee is the primary home-grown Singapore entrepreneur to obtain the High 10 Fintech Leaders award thrice.
  3. DTC is the primary totally licensed crypto foreign money cost firm in Asia to be chosen for Mastercard’s Begin Path international startup engagement program.

First POS machine to simply accept cryptocurrencies in Singapore

DTC grew to become the primary MAS regulated main cost firm to launch some extent of service (POS) machine for bodily cryptocurrency transactions in Singapore on the Singapore Fintech Pageant.

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Digital Treasures Middle showcasing their POS machine that accepts bodily cryptocurrency transactions throughout Singapore Fintech Pageant.

“The DTC workforce has labored onerous to make sure that retailers can seamlessly settle for crypto of their bodily shops. Now customers pays through cryptocurrencies at bodily retailer by means of our POS machine seamlessly,” stated Alice Liu, Chief Government Officer and Co-founder of DTC.

With a POS machine, DTC is empowering retailers to simply settle for cryptocurrency cost and obtain fiat payout in Singapore Greenback or US Greenback. This enables retailers to see virtually quick switch with transaction charges that’s a lot decrease than typical bank cards.

Retailers which are already utilizing DTC’s service to simply accept cryptocurrency cost embrace 35A Scotts, a non-public membership home; H2 Hub, a watch retailer with a number of retailers round Singapore; and Lumin Eye Specialist, which supplies holistic ophthalmology providers, GL Auto and F1 Auto, that are premium automotive sellers in Singapore.

Presently, DTC accepts Bitcoin (BTC), Ethereum (ETH), USD Tether (USDT) and USD Coin (USDC).

First home-grown Singapore entrepreneur to be a third time winner of the High 10 Fintech Leaders award

Second, El Lee, Chief Working Officer and Co-founder of DTC grew to become the primary home-grown Singapore entrepreneur to win the coveted High 10 Fintech Leaders award for the third time on the Singapore Fintech Pageant 2022 in recognition of his management in driving the corporate within the frontier on the cryptocurrency cost area in Singapore.

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From left to proper: Richmond Teo from Paxos presenting El Lee, Chief Working Officer of Digital Treasures Middle, the High 10 Fintech Leaders award throughout Singapore Fintech Pageant.

Since receiving the MPI license in August, DTC has gone from energy to energy. Along with launching the primary POS machine to simply accept crypto transactions bodily, DTC has additionally launched DTC Pockets on Apple Retailer and Google Play. The fintech can be enhancing the onboarding course of to permit for on-line and close to real-time onboarding.

“I’m grateful for the continued recognition as one of many prime 10 Fintech Leaders, having strived to enhance the blockchain and monetary business.” El stated. “The award additionally belongs to our workforce that labored very onerous. DTC is the one MAS regulated cost firm that has product for each shopper and service provider, and answer for each on-line and in-store cost, with card, fiat and crypto cost processing functionality!”

First totally licensed cryptocurrency cost firm in Asia to be chosen for this yr Mastercard Begin Path program

DTC is the one Asia-based firm to be chosen for this yr Mastercard Begin Path. Based in 2014, Begin Path has engaged 350 startups globally. Roughly 1,500 startups yearly are evaluated for entry to this system with a 2% acceptance price. Via the Mastercard Start Path Crypto program, high-potential Web3 startups obtain the chance to co-create and innovate, achieve custom-made experience from Mastercard, and entry a various buyer base by means of the corporate’s international scale.

“We’re excited to be a part of this prestigious Begin Path program by Mastercard and we consider there’s nice synergy between DTC, Mastercard and its ecosystem. As DTC construct the following era cost answer to convey crypto, money, card collectively right into a single platform, card gamers like Mastercard are key strategic companions for us and we sit up for studying and dealing with the Mastercard workforce,” stated El.

For extra details about the Begin Program this yr, please check with the Mastercard announcement: https://mstr.cd/3tdqySu

About Digital Treasures Middle

Digital Treasures Middle Pte Ltd (“DTC”) is an enterprise cost service supplier included in Singapore with PCI-DSS stage 1 certification and winner of the celebrated Fintech Accomplice Award at Singapore Fintech Pageant. Our cost answer – DTC Pay, affords purchasers and retailers the power to obtain and settle cost, together with cryptocurrency. DTC Pay is compliant, quick, safe and price environment friendly. DTC is devoted to constructing the cost infrastructure that might enable retailers and customers to work together with fiat and cryptocurrency seamlessly.

Discover out extra at www.dtcpayment.com

For media associated queries, please contact:
Mr. Desmond Yong
Electronic mail: desmond.yong@dtcpayment.com
Cell: +65 9794 1679

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com

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