Sony Electronics Singapore, a subsidiary of the Japanese tech giant Sony, has started accepting USDC payments through an integration with Crypto.com, the company announced on April 2.
Chin Tah Ang, general manager of Crypto.com Singapore, emphasized the significance of the move in making crypto payments more accessible. He stated:
“We’re pushing to make paying in crypto more mainstream and partnering with a well-established and forward-thinking brand like Sony Electronics Singapore further raises awareness of how simple it can be to pay for everyday goods and services using crypto.”
Crypto.com’s Expanding Partnerships
The partnership with Sony Electronics Singapore is the latest in a series of high-profile collaborations for Crypto.com. In late 2024, the exchange teamed up with Deutsche Bank to provide corporate banking services across the Asia-Pacific region, including Singapore, Australia, and Hong Kong.
A Growing Trend in Singapore’s Retail Sector?
Sony’s move could signal a growing trend in Singapore’s retail industry embracing stablecoin payments. In February, Metro, a publicly listed department store chain in Singapore, enabled stablecoin payments for its customers, including Tether’s USDT.
These initiatives align with Singapore’s broader push to become a leading hub for Web3 innovation. Reports from January revealed that Singapore issued twice as many crypto licenses in 2024 compared to the previous year, reinforcing its status as a key destination for blockchain and fintech companies.
