Yang Gallery, a premier destination for contemporary fine art in Singapore, is embracing the future of art transactions by integrating stablecoin payments through dtcpay. Established in 2005, the gallery has built a reputation for showcasing original works from renowned global and regional artists. With this new initiative, Yang Gallery continues to innovate, offering a seamless and secure way for clients to purchase artwork using digital currencies directly from their mobile devices.
Yang Gallery can now effortlessly accept cryptocurrency payments such as USDT, USDC, BTC, and ETH anytime and anywhere, providing art collectors with unprecedented flexibility during the payment process.
The Benefits of Stablecoins in Payments
Stablecoins are a type of digital currency designed to maintain a consistent value by being tied to traditional assets, like the US dollar. Unlike highly volatile cryptocurrencies such as Bitcoin or Ethereum, stablecoins offer stability, making them ideal for transactions involving valuable assets like artwork. This enables both buyers and sellers to take advantage of the speed and efficiency of digital currencies, without worrying about the unpredictable price changes seen in other cryptocurrencies.
By adopting stablecoin payments, Yang Gallery caters to a new generation of tech-savvy collectors who appreciate the convenience and security of modern financial solutions. The integration of dtcpay simplifies the purchasing process for both collectors and the gallery. Clients can make purchases in stablecoins, while Yang Gallery receives payments in local currencies, ensuring a smooth transaction experience. This shift not only reduces transaction fees but also accelerates the purchasing process, enhancing customer satisfaction and streamlining the overall art-buying experience.
dtcpay: A Regulated and Trusted Payment Solution
dtcpay is a Monetary Authority of Singapore (MAS)-regulated Major Payment Institution (MPI), licensed to conduct Digital Payment Token (DPT) services. This regulatory status means that dtcpay operates under the strict oversight of the MAS, providing peace of mind to both Yang Gallery and its clients.
Stablecoins like USDC, USDT, WUSD, and the soon-to-be-supported FDUSD are all accepted through dtcpay’s Point-of-Sale (POS) system, ensuring smooth and efficient transactions.