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Digital payment token provider dtcpay has announced a strategic shift to exclusively support stablecoins for all its payment services starting in January 2025. The company emphasises the inherent volatility of cryptocurrencies like Bitcoin and Ethereum as a driving force behind this decision.
dtcpay , the licensed payment service provider, has announced that it will no longer be supporting Bitcoin (BTC) and Ethereum (ETH) in the new year as it transitions to only support stablecoins for its Digital Payment Token (DPT) payment services.
These include Ethereum for smart contracts, Tether as a stablecoin, and many others that cater to diverse needs in the financial and technological landscape. Overview of Regulated Cryptocurrency Providers in Singapore As of now, Singapore has 30 major paymentinstitutions with digital payment token service licences.
Balances can be transferred instantly to stablecoins like USDT and USDC. payment ecosystem by integrating licensing resources and global compliance credentials. It aims to expand alternative payment methods and introduce products tailored to various market needs. Alchemy Pay continues to build its extensive Web 3.0
Each license allows the holder to conduct multiple specific payment services. Data from MAS’ Financial Institutions Directory show that as of August 01, 2022, 231 Money-Changing, 13 Standard PaymentInstitutions, and 175 Major PaymentInstitution licenses had been issued. It claims 50 million customers.
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