Coinbase Embarks on New Venture in Singapore; Partners with StanChart
CoinEdition
Published Mar 15, 2023 04:13AM ET
Updated Mar 15, 2023 04:30AM ET
Coinbase Embarks on New Venture in Singapore; Partners with StanChart
- Coinbase (NASDAQ:COIN) partnered with Standard Chartered (OTC:SCBFF) allowing users in Singapore to trade using local banks.
- The platform introduced the 2-click sign-up system called Singpass.
- The new project intends to provide a seamless, safe, and convenient experience to the users.
Coinbase, the American-based publicly traded online cryptocurrency platform, has partnered with the consumer banking corporation Standard Chartered, bestowing its Singapore customers with an opportunity to transfer funds to and from their accounts using any local bank in Singapore for free. Coinbase has also introduced a “2-click” user sign-up system, through the integration of Singpass, making it easier for users to join the platform.
On March 15, Coinbase shared a Twitter thread announcing the introduction of the “free bank transfers and Singpass integration.”
It is noteworthy that the firm has upgraded its Help Centre, considering the queries that the customers hold. The upgraded version of the Help Centre is designated to resolve any doubts of the users through an array of tools including live chat.
Further, Ahmed elaborated on the In-Principle Approval (IPA) that the Monetary Authority of Singapore (MAS) granted Coinbase under the Payment Services Act (PSA) allowing the company to provide regulated Digital payment Token (DPT) services in Singapore.
The post Coinbase Embarks on New Venture in Singapore; Partners with StanChart appeared first on Coin Edition.
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