Ride-hailing company Grab has announced a partnership with StraitsX to explore the development of a Web3 wallet and a stablecoin-based settlement layer. This initiative aims to enhance Grab’s payment capabilities within the digital economy. The collaboration will leverage StraitsX’s expertise in digital assets and stablecoin technology. Grab seeks to offer its users a more efficient and secure payment solution through this partnership, aligning with the growing trend towards digital financial services. The project is expected to facilitate smoother transactions and broaden the accessibility of financial services for Grab’s user base.
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