Triple-A Review
7.0/10A Singapore-based enterprise stablecoin payments company founded in 2020 by serial fintech operator Eric Barbier, holding one of the segment's broadest license stacks (MAS MPI, a French AMF MiCA CASP, ACPR, US MTLs, FINTRAC), settling next-day into 50-plus fiat currencies, that accepts licensed gambling under a restricted policy but courts enterprise and esports instead of casinos.
Our read
A short stablecoin-first coin set of roughly six assets is narrow for the segment, lifted only partway by settlement into 50-plus fiat currencies and no cards.
A MAS MPI, a French AMF MiCA CASP (A2026-015), an ACPR payment license, US MTLs in 19 states, and Canadian registrations, deducted for the CASP sitting under the Paytop SAS entity name and a restricted-tolerated gambling posture.
A Stoplight-documented REST API, a Postman collection, a public sandbox, webhooks, and cart plugins, with Crypto.com and Binance Pay tie-ins, but no casino-platform connector or iGaming cashier.
T+0 24/7/365 with next-day local-currency bank settlement across 50-plus fiat currencies and 140-plus countries on Fireblocks custody, the widest fiat reach in the set.
A strong founder pedigree, Peak XV backing, and Fireblocks custody sit against a 2020 founding, a fully custodial funds model, and thin iGaming proof with no casino client.
Published headline fees (around 1.5% crypto-to-fiat, 1.0% settlement on some pages) with no setup, short of a full public pricing matrix but more transparent than most of the segment.
Methodology. Our own score, a weighted average of six dimensions, tilted toward licensing and trust. The crypto-gateway weights load compliance at .26 and trust and settlement at .18 each, and Triple-A splits them: a five-jurisdiction license stack scores 8.3 and wide fiat settlement 7.4, but a short coin list, a gambling posture that goes no further than tolerated, and a young fully custodial model hold trust to 5.8 and pull the weighted result to 7.0, just below the gateways that actively court iGaming. Read the full methodology
- One of the broadest license stacks in the segment: a MAS Major Payment Institution (PS20200525), a French AMF MiCA CASP (A2026-015), an ACPR payment license, US MTLs in 19 states, and Canadian FINTRAC and Bank of Canada registrations.
- The widest fiat reach here: next-day local-currency bank settlement in 50-plus currencies across 140-plus countries, on T+0 24/7/365 timing.
- Genuine US coverage, unusual for a crypto gateway in this set, with money-transmitter licenses in 19 states instead of an offshore-only or excluded posture.
- A strong founder and backing: serial payments operator Eric Barbier, $14M from Peak XV and Shorooq, Fireblocks custody, and Elliptic AML screening.
- Published fees and a modern developer surface: a Stoplight API, a Postman collection, a public sandbox, webhooks, and cart plugins.
- Gambling is merely tolerated: a Restricted category for direct merchants and Prohibited for gambling PSPs, with no iGaming page, no casino-platform connector, and a gaming vertical built around esports and digital goods.
- No named casino or betting client anywhere, and the reference roster (Grab, Razer, Farfetch, Rapyd) is entirely mainstream and non-gambling.
- A short, stablecoin-first coin list of roughly six assets, well behind the coin-breadth players in this segment.
- A fully custodial model: funds sit on Fireblocks under Triple-A's control, and gambling merchants clear enhanced due diligence, so onboarding and withdrawal cycles need budgeting.
- The MiCA CASP sits under the Paytop SAS entity name rather than the Triple-A brand, so an EEA buyer has to match the entity name to its own paperwork.
Enterprise and licensed operators that want a heavily regulated stablecoin rail with wide fiat settlement and real US and Asian coverage, and whose crypto needs are stablecoin-first rather than long-tail.
Operators that need a gambling-native cashier, named casino references, long-tail altcoins, or UK authorization, and any gambling PSP or marketplace, which the acceptable-use policy prohibits outright.
Markets & licensing
Triple-A carries more regulatory paper than almost anyone in this segment. The Singapore entity, Triple-A Technologies Pte Ltd, holds a Major Payment Institution license from the Monetary Authority of Singapore (ref PS20200525). The EU entity, Paytop SAS, holds an ACPR payment-institution license and a MiCA Crypto-Asset Service Provider authorization from France's AMF (registration A2026-015, LEI 969500VA4A8CRCS2N988). In the US it is a FinCEN-registered money services business (31000330633586) with money-transmitter licenses in 19 states, and in Canada it is registered with FINTRAC (C10001348) and the Bank of Canada. The caveats for this segment are specific: the AMF CASP sits under the Paytop SAS entity name rather than the group brand, and gambling is accepted only under a restricted policy.
Triple-A holds money-transmitter licenses in 19 US states on top of its FinCEN registration (NMLS 2514255), more US coverage than the MiCA-only rivals in this set. It is not a 50-state footprint, so a US-facing operator should confirm its states are covered, but the US is actually served, which is unusual for a crypto gateway here.
No Triple-A entity holds an FCA authorization or cryptoasset registration, and the EU footing runs through the French entity Paytop SAS, with no UK counterpart. A UK-facing operator has no Triple-A entity authorized under UK rules today, so the UK is a question for its compliance team before contracting.
- Singapore (MAS) MPISingapore
- Major Payment Institution, covering digital payment token and cross-border payment services · Triple-A Technologies Pte Ltd · ref PS20200525
- EU (AMF France) MiCA CASPFrance / EEA
- Crypto-asset services under MiCA, with EEA passporting · Paytop SAS · registration A2026-015 · LEI 969500VA4A8CRCS2N988
- EU (ACPR France) Payment InstitutionFrance / EEA
- Payment services covering the fiat settlement leg · Paytop SAS
- US FinCEN MSB + 19-state MTLsUnited States (19 states)
- Money services business plus money transmission in 19 states · FinCEN 31000330633586 · NMLS 2514255
- Canada (FINTRAC) + Bank of CanadaCanada
- Foreign money services business and payment service provider registrations · FINTRAC C10001348 · Bank of Canada PSP
Licensing tier: On regulatory substance Triple-A sits near the top of the segment: five jurisdictions, a MiCA CASP, and a MAS MPI on one corporate family. What holds it back for an iGaming buyer is not the paper but the posture. Gambling is a Restricted category for direct merchants and Prohibited for gambling PSPs and marketplaces, so licensed operators are accepted under enhanced scrutiny, and there is no gambling-supplier license and no iGaming product behind the stack.
The regulated footprint spans Singapore, the EEA under the French CASP and payment licenses, 19 US states, and Canada, with settlement reach quoted at 50-plus fiat currencies across 140-plus countries.
The Restricted and Prohibited Business Areas page treats gambling products and services as Restricted for direct merchants (allowed under enhanced due diligence) and Prohibited for PSP or marketplace entities, so a licensed operator can be onboarded directly while a gambling-focused PSP cannot resell the rail.
Methods & rails
What you can reach
Payout rails
Processing features
Integrations & engineering
One contract and one API instead of a separate deal per studio, feed, or PSP. Here's what connects, how fast, and on what stack.
Operators integrate against a Stoplight-documented REST API, a hosted checkout, or a cart plugin, take a stablecoin-first coin set in, and settle next-day into local-currency bank accounts across 50-plus fiat currencies, with the rate locked at checkout and automatic conversion so no crypto is held. Fireblocks handles custody and Elliptic screens transactions. A public sandbox and a Postman collection let engineering build before contracting, and Crypto.com Pay and Binance Pay tie-ins extend Asian reach. Gambling merchants clear enhanced due diligence under the Restricted policy. Gambling PSPs and marketplaces are turned away.
Not published as a figure. Plugins and the sandbox make a basic setup fast, with the REST API for custom builds.
Products & tools
An enterprise stablecoin rail with unusually broad paperwork: accept a short, stablecoin-first coin set through a hosted checkout or REST API, settle next-day into local-currency bank accounts across 50-plus fiat currencies and 140-plus countries, pay out globally, all on Fireblocks custody under a Singapore MPI, a French MiCA CASP, and US and Canadian registrations.
Stablecoin Payments & Checkout
The pay-in side: accept BTC, ETH, and the major stablecoins through a hosted checkout or the API, with the exchange rate locked at checkout and automatic conversion so the merchant never holds crypto, settling into local fiat.
- Accepts BTC, ETH, USDT, USDC, PYUSD, and Lightning BTC (Jul 2026)
- Rate locked at checkout with automatic conversion to fiat
- Hosted checkout plus plugins for WooCommerce, OpenCart, and Shopify
- Processing-cost savings pitched at over 50% versus cards, with no chargebacks
- Elliptic AML screening on incoming transactions
- A short, stablecoin-first coin list by design
Global Payouts & Fiat Settlement
The pay-out side and the real strength: next-day local-currency bank settlement across 50-plus fiat currencies and 140-plus countries, plus global stablecoin and local-currency payouts, on T+0 24/7/365 timing.
- Next-day local-currency bank settlement in 50-plus fiat currencies
- T+0 settlement, 24/7/365, across 140-plus countries
- Global payouts to suppliers, sellers, and vendors in stablecoins or local currency
- White-label remittance option
- Fireblocks custody behind the money movement
- Multicurrency accounts without holding crypto directly
Developer API & Sandbox
A documented REST API on a Stoplight developer portal, with a Postman collection, a public sandbox, webhooks, and cart plugins, so an engineer can build and test the whole flow before contracting.
- REST API documented at developers.triple-a.io (Stoplight)
- Postman collection for the Stablecoin Payments API
- Public sandbox with test credentials in the plugins
- Webhooks for payment and settlement events
- Plugins for WooCommerce, OpenCart, and Shopify
- Crypto.com Pay and Binance Pay integrations for Asian reach
The history
Sales decks get rewritten for every deal. A dated record doesn't.
Triple-A was founded in 2020 in Singapore, from an idea its founder Eric Barbier had been developing since 2018. Barbier is a serial payments entrepreneur: he co-founded Mobile 365, a messaging hub acquired by Sybase (now SAP) for $425M, and founded TransferTo, now split into Thunes and DT One. Triple-A built a stablecoin acceptance and payout stack and prioritized licensing from the start, assembling a MAS Major Payment Institution license in Singapore, a MiCA CASP and payment license in France through Paytop SAS, money-transmitter licenses across 19 US states, and Canadian registrations. It raised roughly $14M, including a $10M Series A led by Peak XV (formerly Sequoia India) with Shorooq Partners, and serves an enterprise base including Grab, Razer, and Farfetch, none of them gambling operators.
Brands & clients on the platform
Corporate
Leadership
Milestones
- 2018
Eric Barbier begins developing the Triple-A stablecoin-payments idea.
- 2020
Triple-A launches in Singapore and secures its MAS Major Payment Institution license (ref PS20200525).
- 2022
Triple-A raises a $10M Series A led by Peak XV (Sequoia India) with Shorooq Partners, and partners with Crypto.com on direct crypto payments.
- 2025
US money-transmitter licensing expands across 19 states, alongside Canadian FINTRAC and Bank of Canada registrations.
- 2026
France's AMF authorizes Paytop SAS as a MiCA CASP (registration A2026-015), giving Triple-A an EEA crypto passport.
Where they're pushing next
- Enterprise stablecoin payments across Asia, the EEA, and the US
- Wide fiat-payout corridors (50-plus currencies) for global businesses
- Licensed operators under the restricted gambling policy, with no iGaming push behind it
Longevity and ownership
Switching vendors is expensive, which makes the company's staying power part of the purchase. What the contract says about your data decides how expensive an exit gets.
Triple-A vs alternatives
No two vendors describe themselves the same way, which makes their own claims hard to line up. Every name here answers the same fields, so you can see where this one sits against the closest alternatives.
| Attribute | Triple-A | BVNK | CoinGate | Confirmo |
|---|---|---|---|---|
| Founded | 2020 | 2021 | 2014 | 2014 |
| Team | — | 300+ | 50+ | — |
| US market | Available | Available | Restricted | Restricted |
| Pricing | Public | On request | Public | Not published |
| Currencies | 50+ | 3+ | 3+ | — |
| Coins | 6+ | 4+ | 20+ | 10+ |
| EMI / PI licenses | Singapore, France | Malta, UK | Lithuania | Ireland |
| Settlement | T+0 24/7/365, with next-day local-currency bank settlement across 50-plus fiat currencies | Stablecoin settlement 1-2 minutes average, 24/7/365, auto-converted to USD, EUR, or GBP named accounts | Weekly on Standard, weekly or on-request on Enterprise | Bank-account settlements that can be fully automated and recurring, with near-instant crypto settlement (Dec 2025) |
| Instant payouts | Yes | Yes | — | — |
The take: BVNK is the closest peer, an enterprise stablecoin rail with a wider US footprint and a gaming vertical Triple-A lacks. CoinGate and Confirmo are the MiCA gateways on the register that actively serve iGaming, which Triple-A does not. Triple-A's license stack matches or beats all three on breadth, but it is the least gambling-committed of the group: no iGaming product, no casino client, gambling only tolerated under restriction. Pick it when the regulatory footprint and wide fiat settlement matter more than an iGaming-native rail.
Settlement & commercials
Triple-A publishes pricing. Those figures are below, and final terms still land in the contract.
A published headline of around 1.5% for crypto-to-fiat conversion, all-inclusive with a locked exchange rate, and a 1.0% settlement fee cited on the WooCommerce plugin page, with no setup fee. Exact terms scale with volume and product.
Pricing is public at the headline level: around 1.5% for crypto-to-fiat with a locked rate, or a 1.0% settlement fee on some pages, no setup fee, no chargebacks, and no rolling reserve stated. There is no full public matrix, so volume and product-specific terms surface in the sales process, but a buyer starts with a real number.
The deal
Money movement
Onboarding path
- 1Confirm fit first: Triple-A accepts licensed gambling only as a Restricted category under enhanced due diligence, and turns away gambling PSPs and marketplaces
- 2Check your markets against the stack: MAS Singapore, the French AMF CASP, 19 US states, and Canada, and confirm the AMF CASP entry under Paytop SAS covers your EEA needs
- 3Scope the build from the Stoplight docs and open the public sandbox with the plugin test credentials
- 4Integrate the hosted checkout, a cart plugin, or the REST API, and wire webhooks for payment and settlement events
- 5Configure fiat settlement: which of the 50-plus currencies you settle into and the next-day bank cadence
- 6Go live on T+0 timing, budgeting for the enhanced KYC that the restricted gambling policy requires
Support & account management
You can't demo service before you sign, so what a vendor puts in writing is the only floor you can hold it to.
Frequently asked
The things operators actually ask before signing.
Does Triple-A accept online casinos and gambling operators?+
Yes, but only under restriction. Triple-A's Restricted and Prohibited Business Areas page lists gambling products and services as Restricted for direct merchants, meaning a licensed operator can be onboarded under enhanced due diligence, and Prohibited for PSP and marketplace entities, meaning a gambling-focused reseller cannot. There is no iGaming page, no casino-platform connector, and no named casino client. The gaming vertical it does market is esports and digital goods. So the rail can serve a licensed operator, but the product is built around enterprise payments.
Is Triple-A licensed under MiCA?+
Yes, through its EU entity. France's AMF authorized Paytop SAS, the Triple-A EU company, as a MiCA Crypto-Asset Service Provider under registration A2026-015 (LEI 969500VA4A8CRCS2N988), which passports across the EEA. That sits alongside a MAS Major Payment Institution license in Singapore (PS20200525), an ACPR payment license in France, US money-transmitter licenses in 19 states with a FinCEN registration, and Canadian FINTRAC and Bank of Canada registrations. One footnote: the CASP is held under the Paytop SAS name rather than the Triple-A brand, so match the entity name in your paperwork.
Which coins does Triple-A support, and how does settlement work?+
The coin list is short and stablecoin-first: BTC, ETH, USDT, USDC, PYUSD, and Lightning BTC. That is narrow against the coin-breadth players in this segment, and deliberately so. The strength is on the way out: Triple-A converts at a rate locked at checkout and settles next-day into local-currency bank accounts across 50-plus fiat currencies and 140-plus countries, on T+0 24/7/365 timing, with Fireblocks handling custody.
What does Triple-A cost?+
Pricing is published, which is rarer than it should be in this segment, though not as a full matrix. The headline is around 1.5% for crypto-to-fiat conversion, all-inclusive with a locked exchange rate, with a 1.0% settlement fee cited on the WooCommerce plugin page and no setup fee. Exact terms scale with volume and product, so the sales process fills in the detail, but a buyer at least starts with a real number.
How does custody work at Triple-A?+
The model is fully custodial: funds sit on Fireblocks under Triple-A's control, with Elliptic screening every transaction, and the merchant never holds crypto directly. For a gambling merchant that means enhanced due diligence at onboarding under the Restricted policy, plus compliance reviews sitting between you and your money until settlement clears. The practical posture is to treat the account as a settlement rail rather than a place to park balances, sweeping funds to your own bank on the next-day cadence.