Grab, Southeast Asia’s largest Uber-like app, has added a Web3 crypto wallet to its platform. With 180 million users, this addition brings cryptocurrency to a huge new audience. Currently, the Web3 wallet is available to use in the Singapore region, with support for the Polygon wallet and guidelines for wallets and NFTs.
Source: @0xjaypeg
According to the announcement, the Web3 wallet will allow users to store, send, receive, transfer, track and manage digital assets and tokens created and recorded on a blockchain or distributed ledger. In order to use the wallet, digital tokens must be available for use in the wallet and traded through blockchain networks and protocols that are compatible with the wallet. These tokens can then be used or spent with participating third-party providers, making cryptocurrency more accessible than ever.
Source: @0xjaypeg
The Web3 wallet contains digital tokens separate from the fiat currency or GrabPay credits, which are held in the GrabPay wallet. The service is currently only available to Grab Platform users who have fulfilled the eligibility conditions set by the company. However, the Company reserves the right to refuse any User’s participation at its sole discretion and without giving any reason.
In addition, in the event that users send Supported Digital Tokens to a blocked address or receive Supported Digital Tokens from a blocked address, the Company may take appropriate action, including freezing the tokens, terminating the user’s account, or report suspected illegal activity to applicable law. enforcement agencies.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.