First integration with Singapore's PayNow... Instant payment in over 10 countries with just a smartphone scan
);)
This service is characterized by the ability to make instant payments with just a smartphone QR scan, without the need for a physical card or additional fees. Users can now use cryptocurrency like cash in over 10 countries across the Asia-Pacific (APAC) region, ranging from cafes in Singapore to street food stalls in Bangkok.
First cryptocurrency service integrated with Singapore's PayNow
Stakestone fully adopted QR payment methods instead of traditional crypto cards, which offer low infrastructure maintenance costs and high accessibility. Notably, it demonstrated its technological prowess by becoming the first cryptocurrency product to be successfully integrated with Singapore's national payment system, PayNow.
According to data from Stakestone, the QR payment market in the Asia-Pacific region is expected to grow by 300% to reach $1.2 trillion by 2029. Currently, Thailand's PromptPay processes 2.26 billion transactions per month, while Cambodia's Bakong handles 1.3 billion transactions annually.
Membership and annual fees completely waived
Unlike existing credit cards or crypto cards that restricted access for the financially underserved due to issues with sign-up and annual fees, Stone Wallet has eliminated both opening and annual fees and lowered operating costs to near zero.
To celebrate the launch, gas fees and transaction fees are also completely waived. It is currently available immediately in Singapore, Cambodia, Thailand, Vietnam, Laos, Mongolia, the Philippines, and other regions.
"Goal of a payment system that embraces even retail users"
A Stakesstone official stated, "The ultimate goal is to enable not only Whales but also retail users and the financially underserved around the world to experience a true future payment system."
Choi Joohoon joohoon@blockstreet.co.kr
