Triple-A Review
7.0/10A Singapore-based enterprise stablecoin payments company founded in 2020 by serial fintech operator Eric Barbier, settling next-day into 50-plus fiat currencies, licensed as a MAS Major Payment Institution, a French AMF MiCA CASP, and a money transmitter in 19 US states, with Canadian registrations. It accepts licensed gambling under a restricted policy but courts enterprise and esports instead of casinos.
Our read
- Next-day local-currency bank settlement in 50-plus currencies across 140-plus countries.
- Serial payments operator Eric Barbier as founder, $14M from Peak XV and Shorooq, Fireblocks custody, and Elliptic AML screening.
- A developer surface with a Stoplight API, a Postman collection, a public sandbox, webhooks, and cart plugins.
- Gambling is a Restricted category for direct merchants and Prohibited for gambling PSPs, with no casino-platform connector and a gaming vertical built around esports and digital goods.
- Clients are mainstream and non-gambling, including Grab, Razer, Farfetch, and Rapyd.
- A short, stablecoin-first coin list of six assets.
- A fully custodial model: funds sit on Fireblocks under Triple-A's control, and gambling merchants clear enhanced due diligence.
- The MiCA CASP sits under the Paytop SAS entity name rather than the Triple-A brand.
Enterprise and licensed operators that want a heavily regulated stablecoin rail with wide fiat settlement and US and Asian coverage, and whose crypto needs are stablecoin-first rather than long-tail.
Operators that need a gambling-native cashier, casino references, long-tail altcoins, or UK authorization, and any gambling PSP or marketplace, which is prohibited outright.
Markets & licensing
Triple-A's 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 AMF CASP sits under the Paytop SAS entity name rather than the group brand, and gambling is accepted only under a restricted policy.
Coverage is state by state, not a 50-state footprint (NMLS 2514255).
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.
- 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: payments and crypto-asset authorizations across four jurisdictions, with no gambling-supplier license and no iGaming product behind them.
Gambling products and services are 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, and take a stablecoin-first coin set in, 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.
Products & tools
An enterprise stablecoin rail: accept a short, stablecoin-first coin set through a hosted checkout or REST API, pay out globally, all on Fireblocks custody.
Stablecoin Payments
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
- Rate locked at checkout with automatic conversion to fiat
- Hosted checkout plus plugins for WooCommerce, OpenCart, and Shopify
- Elliptic AML screening on incoming transactions
Global Payouts
The pay-out side: 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.
- 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
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
Longevity in this industry usually comes with a change of owner somewhere in it.
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. 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.
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 for global businesses
- Licensed operators under the restricted gambling policy
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
Most buyers in this market shortlist three or four vendors long before they take a single sales call.
| 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 | — |
| 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 |
| Instant payouts | Yes | Yes | — | — |
Settlement & commercials
Triple-A publishes pricing. Those figures are below, and final terms still land in the contract.
Around 1.5% for crypto-to-fiat conversion, all-inclusive with a locked exchange rate, and a 1.0% settlement fee on the WooCommerce plugin, with no setup fee. Exact terms scale with volume and product.
The deal
Money movement
Onboarding path
- 1Confirm fit against the restricted gambling policy
- 2Check your markets against the license stack
- 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 currencies you settle into
- 6Go live on T+0 timing
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.