Circle Internet Financial and Southeast Asian ride-hailing super app Grab has partnered to pilot Web3.0 customer experiences in Singapore.
Grab’s foray into Web3.0 was reported by Fintech News Singapore on Monday (11 September). The article features screen grabs of the new features.
Singapore-based users can now set up a blockchain-enabled ‘Grab Web3 Wallet’, earn rewards and collectibles, and use non-fungible token (NFT) vouchers. Here is a guide on setting up the Grab Web3 Wallet.
To start, the Grab Web3 Wallet supports the use of the SG Pitstop Pack NFT vouchers at popular stores and adventures in the island state during the upcoming F1 Singapore Grand Prix.
This partnership supports the Monetary Authority of Singapore’s (MAS) Project Orchid initiative as a real-world demonstration of Purpose Bound Money.
Dante Disparte
“Circle is thrilled to partner with Grab to accelerate adoption of blockchain-powered innovation and support Singapore’s forward-thinking vision as a leading global hub for responsible digital asset innovation,”
said Dante Disparte, Chief Strategy Officer and Head of Global Policy of Circle.
Jeremy Allaire
“Circle is focused on partnering with global-scale consumer internet brands to bring everyday utility to users.
Piloting our technology with Grab’s customers brings us closer to realizing the full potential of responsible digital assets innovation,”
said Jeremy Allaire, Co-founder and CEO of Circle.
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- Source: https://fintechnews.sg/78170/digitalassets/grab-partners-circle-to-bring-web3-0-experiences-for-singapore-users/
