Crypto.com Improves Fiat Payment Capabilities In Singapore With DBS Bank
Crypto.com announced a strengthening of its fiat payment capabilities with DBS Bank, which is reportedly Southeast Asia’s largest bank by assets. This highlights Crypto.com’s commitment to working with banks to deliver services under the Monetary Authority of Singapore’s (MAS) framework. Crypto.com users in Singapore may now deposit SGD and USD via an additional set of banking rails “facilitated by DBS, reinforcing the platform’s strategy of strengthening fiat payment channels.”
DBS will provide Crypto.com with the ability to create “virtual accounts for its customers, enabling fast and simple transfers of SGD and USD to and from the Crypto.com App.”
This is in addition to a banking partnership with Standard…
