Circle announced a partnership with Grab today to pilot Web3 customer experiences in Singapore through the integration of Circle’s new Web 3 Services platform in the Grab app.
Available as the ‘Grab Web3 Wallet,’ Singapore-based users may set up a blockchain-enabled wallet, earn rewards and collectibles, and use non-fungible token (NFT) vouchers.
Launched as a pilot for the SG Pitstop Pack, Circle’s collaboration with Grab supports the Monetary Authority of Singapore’s (MAS) Project Orchid initiative as a real-world demonstration of Purpose Bound Money.
Circle Web3 Services aim to help both existing Web 2.0 internet companies and new Web3 startups to bring stablecoins, digital assets and smart contracts to consumer and enterprise applications.
Related: Southeast Asia Super App Grab Integrate Crypto Wallet
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