Singapore Red Cross now accepts crypto donations

Crypto donations is coursed via crypto payment gateway Triple-A.

Singapore Red Cross has started accepting donations in the form of cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC) as it widens reach to tech-savvy donors.

The humanitarian organisation partnered with Triple-A, a crypto payment gateway licensed by the Monetary Authority of Singapore, to enable crypto donations on its website. 

To make sure funds are easily accessible to support the organisation and its initiatives, all crypto donations will be converted into fiat currency and settled via bank transfer within one business day.

“By accepting digital currencies, we open our doors to a new segment of donors who are tech-savvy and wish to make a difference through their digital assets,” said Benjamin William, secretary general and chief executive of Singapore Red Cross.

“Enabling cryptocurrency donations also opens more opportunities for the new generation of donors who are au fait with digital currencies to consider philanthropy and helping the vulnerable," William added.