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<a href="https://bitcoinworld.co.in/dtcpay-partners-with-platon-allinpay-to-launch-crypto-payment-network/" title="Dtcpay Partners With PlatON, Allinpay To Launch Crypto Payment Network" rel="noopener noreferrer nofollow"></a>
Dtcpay, a Singapore-based startup, <a href="https://dtcpay.com/transforming-the-future-of-payments-dtcpay-announces-partnership-with-fintech-leaders-platon-and-allinpay-international-2/" rel="noopener noreferrer nofollow">reportedly</a> entered into a strategic partnership with the open-source blockchain platform, PlatON, and Chinese payment solution provider, Allinpay International to launch a new payment system.
The new payment system is tailored for both cryptocurrencies and traditional fiat currencies. The aim is to establish a privacy-protected digital payment infrastructure.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/hashtag/dtcpay?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#dtcpay</a> is proud to be joining forces with <a href="https://twitter.com/PlatON_Network?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@PlatON_Network</a> , a privacy-preserving digital public infrastructure provider, and <a href="https://twitter.com/allinpayintl?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@allinpayintl</a> , a globally recognized <a href="https://twitter.com/hashtag/Fintech?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Fintech</a> <a href="https://twitter.com/hashtag/payments?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#payments</a> solution. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f389.png" alt="🎉" class="wp-smiley" style="height: 1em; max-height: 1em;">
 Read the full announcement here: <a href="https://t.co/Aqcyd19HRO" rel="noopener noreferrer nofollow">https://t.co/Aqcyd19HRO</a> <a href="https://twitter.com/hashtag/Web3?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Web3</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a>
 — dtcpay (@dtc_pay) <a href="https://twitter.com/dtc_pay/status/1722509324025495960?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 9, 2023</a>
</blockquote>
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The collaboration will center around the creation of smart point of sale (POS) terminals, capable of supporting numerous digital currencies including Tether (USDT), Ethereum (ETH) and Bitcoin (BTC).&nbsp;
Previously known as the Digital Treasures Center, Dtcpay has made a name for itself offering state-of-the-art digital currency payment services, enabling partners and merchants to accept payments in both traditional and digital currencies.
In addition to the partnership with PlatON and Allinpay International, Dtcpay has also formed alliances with the verification platform Sumsub. This collaboration is intended to heighten the security and reliability of digital currency payments in key markets such as Singapore, Hong Kong, Dubai, the UK, and Europe.
In September, the company partnered with another Singapore-based firm, PoS technology developer Jeripay, to integrate crypto within Jeripay’s 8000 terminal network.
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The collaborations come against a backdrop of continually evolving crypto regulations aimed at offering enhanced consumer protection in Singapore.&nbsp;
Major crypto firms such as Coinbase and Ripple are already licensed payment institutions by the Monetary Authority of Singapore (MAS), which is also exploring the potential of central bank digital currencies (CBDCs).
As a key component of this evolving landscape, <a href="https://www.mas.gov.sg/news/media-releases/2023/mas-lays-foundation-for-safe-and-innovative-use-of-digital-money-in-singapore" rel="noopener noreferrer nofollow">Project</a> Orchid, a retail CBDC research project, has completed its first phase. The project aims to create digital currencies for specific purposes, bringing together major banks and government agencies in a series of pilot trials.&nbsp;
Even though retail CBDCs are yet to become mainstream, the project’s report indicates that digital currencies not denoted in Singaporean dollars are gaining local traction.&nbsp;
To keep up with these developments, MAS is exploring the concept of programmable or automated execution of digital currencies tailored to predefined use cases.
The post <a href="https://bitcoinworld.co.in/dtcpay-partners-with-platon-allinpay-to-launch-crypto-payment-network/" rel="noopener noreferrer nofollow">Dtcpay Partners With PlatON, Allinpay To Launch Crypto Payment Network</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

Dtcpay Partners With PlatON, Allinpay To Launch Crypto Payment Network

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