Sony’s Singapore Subsidiary Accepts USDC Payments Through Crypto.com
Sony Electronics Singapore has announced it now accepts USDC stablecoin payments via Crypto.com, marking a significant move for crypto adoption.
Crypto.com’s Singapore general manager, Chin Tah Ang, emphasized the company’s commitment to making crypto payments more accessible and mainstream, citing the partnership with Sony as a pivotal step.
Crypto.com’s Expanding Network of Partnerships
This move with Sony is part of Crypto.com’s broader expansion strategy. The company’s recent partnership with Deutsche Bank, providing corporate banking services across the Asia-Pacific region, demonstrates its growing influence in the crypto space.
Singapore Leading the Charge with Stablecoin Adoption
Sony’s Singapore subsidiary is not alone in embracing stablecoin payments. In February, Metro, a prominent Singapore-based department store, allowed its customers to use stablecoins like Tether’s USDT for transactions. The country is rapidly becoming a hub for crypto adoption, with reports from January showing that Singapore issued double the number of crypto licenses in 2024 compared to the previous year.
Singapore Emerges as a Crypto and Web3 Hub
The country’s regulatory approach continues to attract Web3 companies, offering a risk-adjusted framework to protect investors while fostering innovation. Additionally, the emergence of crypto-friendly banks, such as Singapore Gulf Bank, signals the growing importance of the city-state as a crypto hub, with plans for stablecoin acquisitions and investments in the coming years.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
