Crypto users in Grab Singapore are already permitted to cash in via PDAX, according to ridesharing media.
PDAX pertains to a trading platform letting you cash in your local currency directly so you could purchase and sell the top cryptocurrencies globally, such as Bitcoin, right from this account.
Following the collaborations and teaming up of Grab’s Southeast Asian divisions, consumers in Grab Singapore have already started topping up their GrabPay wallets using cryptocurrencies via the digital asset exchange, that’s PDAX.
Crypto top-ups into the GrabPay eWallet were initially launched in Singapore in 2024 via Grab’s partnership with Triple-A, a company enabling businesses to facilitate payments in digital currencies.
Anchored on this success, Triple-A tied up with PDAX to bring convenience, then flexibility to the next level, so that users of this Southeast Asian super app by making this innovative cash-in method work.
To elaborate, users are able to bolster their GrabPay wallets using a variety of cryptocurrencies, from USDC to Bitcoin, then Ether, too.
Grab stated that cashing in on Grab with the use of cryptocurrencies could be done in just simple steps. Read on to understand what these steps are:
- First, select “Cryptocurrencies” as the cash-in method on the Grab app.
- Secondly, choose a token and network from the supported list of cryptocurrencies and stable coins.
- Third, enter the amount in your local currency, then review the conversion rate and transaction details.
- Fourthly, send those tokens from your preferred crypto wallet to the provided address, plus the top-up is confirmed, where the money instantly reflects in your GrabPay wallet.
This tripartite partnership strengthens safe and secure crypto transactions in connection with daily services, such as on-demand mobility and deliveries, with Triple-A licensed by organizations like Monetary Authority of Singapore (MAS) and Financial Crimes Enforcement Nework (FinCEN), and PDAX regulated by the banks, ensuring every top-up meets the international standards for cybersecurity, fraud prevention, and data protection.
Meanwhile, in other Grab news, Starbucks Singapore has expanded its Starbucks Rewards programme to include Grab delivery orders, letting customers to earn Stars via the platform, QSR Media Asia reported.
It works in this way. Customers are already able to collate rewards at an estimated rate equivalent to one Star on eligible Grab Delivery orders, provided their Starbucks Rewards and Grab accounts are linked. This move is part of broader effort to integrate loyalty across several ordering channels beyond company-owned platforms.
Further, to drive influence, Starbucks will be offering double Stars on linked Grab orders across three weekends until August 10th. GrabUnlimited users also qualify for free deliveries during the promo period.
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