Sony Singapore will start accepting cryptocurrency payments on its online platform using USDC through Crypto.com.
Sony's Payment Innovation
Starting from April 2, 11:00 SST, Singaporean users can pay for Sony products in USDC exclusive to Sony's online platform. Payments are facilitated through Crypto.com Pay, enabling instant crypto payments without network costs.
Partnership with Crypto.com
By incorporating the crypto exchange's payment solution, Sony Electronics Singapore becomes the first consumer electronics brand in Singapore to partner with Crypto.com for stablecoin payments. Additionally, Sony Singapore plans to adopt more crypto assets for payment options in the future to promote crypto adoption in the nation.
Future of Crypto Payments
USDC has grown to become the second-largest stablecoin by market cap, with a current market cap of $60 billion. Supporting such initiatives accelerates the mass adoption of cryptocurrencies, as Sony Singapore announces two promotion programs for Crypto.com users. The first 50 customers spending at least 300 SGD in USDC will receive a free LinkBuds Speaker, while the first 150 customers spending above 100 SGD will get 20 USDC credited to their account.
Sony's integration of crypto payments marks a step toward growing the crypto economy in Singapore, aiding the widespread adoption of digital currencies among consumers.
