Novelship, an online marketplace for sneakers and limited-edition collectibles, now accepts bitcoin and other cryptocurrencies as payment. The new payment method has been integrated through a partnership with TripleA, a cryptocurrency payment gateway for merchants. TripleA is licensed by the Monetary Authority of Singapore, the central bank of Singapore, for Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations.
Novelship, Southeast Asia’s largest online marketplace for authentic sneakers, apparel and collectibles, now accepts bitcoin and other cryptocurrencies as payment. Bitcoin review. “At Novelship, we like to keep our pulse on not only embracing new technologies and innovations on our platform, but also by actively listening to our users,” said Richard Zea, CEO of Novelship, according to the release.
In the growing age of commerce, companies like Novelship regularly reach out to their customers to find out what’s important to them. Like most companies before, Novelship decided to reach out to its consumer base to cater to the growing choice of payment methods.
Xia explained: “A striking example of this is an internal survey we commissioned which revealed that a significant number of surveyed customers are interested in alternative assets such as cryptocurrencies. Novelship’s innovation was made possible through a partnership with TripleA, a cryptocurrency payment gateway for businesses licensed by the Monetary Authority of Singapore (MAS), Singapore’s central bank and financial regulatory watchdog.
“Novelship’s extensive investigative initiative shows strong interest in cryptocurrencies for business transactions,” Eric Barbier, CEO of TripleA, said in the statement. “We are thrilled to help Novelship delight its users, who will now be able to pay directly from their crypto wallets and contribute to Novelship’s position at the forefront of the evolution of the digital relationship in the e-commerce space.
TripleA bridges the gap between efficiency and cryptocurrency payments by providing a white-label service with simple setup, instant confirmation, locked exchange rates for real-time fiat conversion, and no chargebacks for bitcoin and other cryptocurrencies level for Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements as a regulated service.