Sony Electronics has partnered with Crypto.com to enable USDC payments on its Singapore online store.
Online shoppers in Singapore can now pay for Sony electronics using cryptocurrency.
Sony Singapore Enables Crypto Payments
Sony Electronics Singapore (SES) has enabled USDC payments through Crypto.com’s payment service on its online store. On Tuesday, April 2, Sony Electronics Singapore announced that shoppers can now pay for gadgets on its online store using stablecoin USDC. The newly launched feature means that customers can check out using the US dollar-pegged stablecoin, and the move marks Sony’s first local move to embrace cryptocurrencies. The payment feature is exclusive to the Sony Store Online and only available through Crypto.com’s payment system.
Sony is constantly embracing innovation and has adopted a “forward-thinking approach.” According to its announcement, the online store is Singapore’s first consumer electronic brand to partner with Crypto.com to enable direct crypto payment. The company plans to expand payment to other cryptocurrencies to empower consumers to shop directly with their crypto holdings on Sony Store Online.
Chib Tah Ang, General Manager of Singapore, Crypto.com, commented:
“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.”
Adding;
“This payment integration will not only benefit our users by giving them another way to utilise their crypto in the real world, but we believe adding a new and streamlined crypto payment method will also broaden SES’ customer base.”
Sony Store Online is celebrating the news by offering two exciting promotions for Crypto.com users:
Tier 1 Promotion: “The first 50 eligible users who spend a minimum of S$300 at Sony Store Online using Crypto.com Pay as the payment method, will receive a free LinkBuds Speaker (worth S$299).”
Tier 2: “The first 150 eligible users who spend a minimum of S$100 at Sony Store Online using Crypto.com Pay as the payment method, will receive 20 USDC credited to their Crypto.com account.”
Crypto.com Undertakes Significant Partnerships
The Singapore-headquartered crypto exchange is one of the largest and fastest-growing exchanges, with over 140 million users in 90 countries worldwide. Known for its industry-leading regulatory compliance, security and privacy certification, Crypto.com has made headlines in recent weeks. In March, Crypto.com entered a non-binding agreement with Trump Media Technology Group Corp. (TMTG) to introduce ETFs under Trump Media’s FinTech brand Truth.Fi. The ETFs will be facilitated by Crypto.com’s broker-dealer, Foris Capital US LLC, and will feature a diverse crypto portfolio alongside traditional securities.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.