One of The Largest Online Sneaker Marketplace in South East Asia Accepts Bitcoin as Payment

  • Novelship has partnered with cryptocurrency payment gateway provider TripleA to accept bitcoin as payment for its authentic apparel.
  • Novelship, an online marketplace for limited-edition footwear and collectibles, has included bitcoin and other cryptocurrencies to its payment options.

A cooperation with TripleA, a cryptocurrency payment gateway for businesses, enabled the integration of the new payment option.

The Monetary Authority of Singapore, Singapore’s central bank, has granted TripleA an anti-money laundering (AML) and know-your-customer (KYC) licence.

According to a press statement, Novelship, Southeast Asia’s largest online marketplace for original sneakers, clothes, and collectibles, now accepts bitcoin and other cryptocurrencies for purchase.

According to the release, “At Novelship, we like to keep our finger on the pulse by not only being open to embracing new technology and innovation onto our platform, but also by actively listening to our consumers.”

Novelship, a rising age of commerce company, constantly reaches out to its clients directly to learn what is essential to them. Novelship, like many other businesses before it, opted to poll its customers for input on the growing number of payment options.

“An internal poll we commissioned indicated that an overwhelming majority of the surveyed clients were interested in alternative assets such as cryptocurrencies,” Xia explained.

Novelship’s innovation was made possible by a cooperation with TripleA, a cryptocurrency payment gateway for enterprises licensed by the Monetary Authority of Singapore, Singapore’s central bank and financial regulation authority (MAS).

According to the press release, “Novelship’s great survey project demonstrates a significant interest in cryptocurrencies for business transactions.” “We’re thrilled to be able to assist Novelship in satisfying their customers, who will now be able to pay with their crypto wallets directly.” And to help Novelship stay ahead of the curve in the evolving digital relationship in the e-commerce market.”

TripleA offers a white-label service with simple setup, rapid confirmation, locked-in exchange rates for real-time fiat conversion, and no chargebacks for bitcoin and other cryptocurrencies, bridging the gap between efficiency and cryptocurrency payments. The company, which was founded in 2018, provides a regulated service that provides high-level international compliance for anti-money laundering (AML) and know-your-customer (KYC) regulations.

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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