• Singapore-based media production firm fewStones has announced that it will be accepting payments in cryptocurrency for video production, animation and photography services.
• The company has partnered with TripleA, a cryptocurrency payment solution licensed by the Monetary Authority of Singapore (MAS).
• This move is intended to provide customers with an additional option for payment, as well as to take advantage of the growing crypto industry.
Singapore Media Production Firm Integrates Crypto Payments
Singapore-based media production firm fewStones has announced that it will now accept payments in cryptocurrency for video production, animation and photography services. The company has teamed up with TripleA, a cryptocurrency payment solution licensed by the Monetary Authority of Singapore (MAS), to offer its over 500 clients the option to pay using crypto such as bitcoin (BTC), ether (ETH) and stablecoins like USDC and USDT.
Reasons For Adopting Crypto Payments
The move was driven by the need to expand its payment options to meet increasing demands from customers for bitcoin (BTC) and altcoin payments. Additionally, fewStones is looking forward to tapping into an industry that could see 1 billion active users globally within the near future. Meanwhile, traditional businesses around the world have been exploring ways of integrating crypto-based payments into their existing systems or replacing them altogether. Binance is one example of this; recently partnering with French point of sale (PoS) company Ingenico to facilitate cryptocurrency payments in France.
TripleA Facilitates Crypto Payments For FewStomes
TripleA was chosen by fewStones due to its license from MAS which ensures secure and seamless payment methods. Eric Barbier, Chief Executive Officer of TripleA expressed his delight at collaborating with a well known brand such as fewStones which caters to big global names including Singapore Airlines, Panasonic and Samsung.
Crypto Payment Solutions on The Rise
Cryptocurrency payments are becoming increasingly popular among businesses across different industries who wish to capitalize on this new form of digital currency technology and tap into a larger customer base that prefers making transactions via cryptocurrencies rather than traditional fiat currencies such as USD or EUR.
Overall, this new development shows that more companies are beginning to realize the potential benefits associated with offering crypto-based payment solutions in addition or even instead of traditional methods such as cash or debit/credit cards