At the Singapore FinTech Festival 2023, Allinpay International, dtcpay, and PlatON jointly introduced a groundbreaking “digital currency payment system based on smart terminals.” This innovative system aims to provide merchants in various industries, including retail, catering, healthcare, and more, with an offline digital currency payment service. The collaboration leverages the strengths of smart terminals, digital currency wallets, and blockchain technology to create a seamless and convenient payment experience for both merchants and customers.
The payment system supports various mainstream digital currencies, offering flexibility and choice for users. Allinpay International, an international financial payment company, is dedicated to delivering diversified payment solutions and digital financial technology services globally. Their business encompasses aggregate payment, global accounts, international remittance, and currency exchange.
dtcpay, a significant payment institution licensed by the Monetary Authority of Singapore (MAS), operates under the Payment Services Act (PSA). It provides regulated digital payment services, facilitating the exchange of digital and fiat currencies for individuals and businesses, ensuring seamless and efficient value transfers.
PlatON, initiated by LatticeX Foundation, is an open financial infrastructure known for its privacy computing capabilities. Positioned as the main blockchain platform for the Web3 era, PlatON offers financial-level system stability and performance, privacy computing-enhanced compliant digital asset management, and secret payment clearing solutions for various Web3 native applications.
The collaborative effort of Allinpay International, dtcpay, and PlatON aims to drive the adoption and innovation of digital currency payments globally. The payment system is designed to offer merchants user-friendly and compliant solutions, reducing transaction fees, expanding customer bases, and enhancing brand images. With the support of the licensed institutions involved, the initiative seeks to contribute to the growth and evolution of digital finance scenarios in Singapore and beyond.
