Triple-A Adds iPiD Verification as Stablecoin Payments Gain Ground

Triple-A is tightening security around stablecoin and fiat transactions by rolling out global payee verification with iPiD.

The Singapore-based digital currency payment institution said the integration will help it comply with Europe’s upcoming Verification of Payee requirements while extending the same safeguards to transactions worldwide.

The system verifies payee details across fiat and stablecoin on-ramp and off-ramp transfers, aiming to reduce fraud and the risk of failed or misdirected payments.

“Stablecoins are reshaping global payments, and trust in the rails is essential. We chose iPiD because they offer the only global solution for payee verification in markets where it is mandated, as well as a global account verification capability via the same integration.

By adopting iPiD, we show Triple-A’s commitment to bring the same level of verification and compliance for fiat payments and digital currencies, ensuring that merchants, consumers, and financial institutions transact with confidence,”

said Eric Barbier, CEO of Triple-A.

“Triple-A’s adoption of iPiD proves that cross-border KYP isn’t just for banks, it’s also for digital-first providers who are bridging fiat and stablecoin payments.

We believe that every payment should be pre-verified and this is just the beginning, we look forward to co-creating the next generation of payment security for digital currency transactions with like-minded partners as Triple-A.”

added Damien Dugauquier, CEO of iPiD.

Featured image: Edited by Fintech News Singapore, based on image by thanyakij-12 via Freepik