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StraitsX and Grab pilot use of Purpose Bound Money during Singapore Fintech Festival 2022

  • Written by Daily Sun

The collaboration will contribute towards an innovative, interoperable, and inclusive digital currency infrastructure leveraging on an open-sourced blockchain

SINGAPORE - Media OutReach - 1 November 2022 - StraitsX, a part of Southeast Asia Digital Financial Services Group, Fazz, and Grab, a leading superapp in Southeast Asia, today announced they will be testing the issuance of Purpose Bound Money (PBM)[1] in the form of commercial digital vouchers during the Singapore Fintech Festival (SFF) 2022.

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