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Sony integrates payments in USDC thanks to Crypto.com
By Davide Grammatica
The Singapore subsidiary of the Japanese hi-tech giant Sony has announced that it will integrate payments in USDC stablecoin through Crypto.com
Sony accepts payments in stablecoin
Sony Electronics Singapore, a subsidiary of the Japanese hi-tech giant Sony, has announced the integration of payments in the stablecoin USDC, made possible by a new collaboration with the Crypto.com exchange.
“We are pushing to increase the possibilities for making payments in cryptocurrency, and the partnership with an established brand like Sony Electronics Singapore raises awareness of how simple it can be to pay for everyday goods and services using crypto,” said Chin Tah Ang, general manager of Crypto.com Singapore.
This is just one of the latest partnerships signed by the exchange. Already at the end of 2024, for example, the CEX had signed an important collaboration with Deutsche Bank, to expand new corporate banking services in the Asia-Pacific market.
Singapore's push into the crypto world
The USDC story, however, takes on specific relevance, suggesting that stablecoin payments may have found a new momentum for development. This, in a region like Singapore that has already taken steps in this direction. Just this past February, the Metro chain had also allowed its customers to pay for products using USDT.
This is also made possible by a jurisdiction increasingly favorable to the crypto industry, with regulations that not only simplify life for the industry’s main players, but also facilitate the interaction of new cryptocurrency companies with local banking partners.
It is no coincidence that local banks such as Gulf Bank have already revealed their intention to acquire a stablecoin payment company, using up to 10% of their capital to finance it. Singapore is already a leading global crypto hub, and initiatives like this prove it.
