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 Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a "detective-like" mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
