Grab has forged a partnership with digital currency payments firm Triple-A to enable GrabPay users in Singapore to top up their e-wallets via digital tokens, while VinFast founder has launched global EV-charging stations company V-Green.
Grab, Triple-A tie up for crypto top-ups
Grab has collaborated with digital currency payments firm Triple-A to enable GrabPay users in Singapore to replenish their e-wallets using digital tokens.
With this new feature, stablecoins and other digital assets can be converted into usable funds for GrabPay, per a report by TechinAsia.
Coins like Bitcoin, Ethereum, USDC, and USDT are accepted on the GrabPay app, which also accepts XSGD, a blockchain-powered stablecoin linked to the Singapore dollar.
Top-ups via crypto are only available in Singapore for now. Grab will closely monitor user engagement and address the demand for such services accordingly.
In October last year, Singapore-based Triple-A announced raising $10 million in a Series A funding round co-anchored by Peak XV and MENA-based tech investor Shorooq Partners.
VinFast founder launches global EV-charging firm
Pham Nhat Vuong, the chairman of Vingroup Corporation and founder of VinFast, has established V-Green Global Charging Station Development Company (V-Green).
V-Green focuses on investing in the development of a comprehensive charging infrastructure system that prioritises supporting VinFast vehicles and propelling Vietnam towards becoming one of the world’s leaders in electric vehicle (EV) charging station density, according to an announcement.
Spun off from VinFast’s charging station development division, V-Green, majority-owned by Pham with a 90% stake, will operate as a global partner, spearheading the creation of a comprehensive charging network.
This strategic move will allow V-Green to focus solely on infrastructure investment independently from VinFast and enable the Vietnamese EV manufacturer to prioritise market expansion and sustainable development.
V-Green will additionally invest 10 trillion VND (approximately $404 million) over the next two years to build new stations and upgrade and complete its existing network.
With this three-fold increase in infrastructure investment compared to VinFast’s initial plan, V-Green aims to establish charging stations nationwide and make Vietnam one of the world’s leading countries in charging infrastructure for electric vehicles.
