Sony Singapore Now Lets Shoppers Pay in USDC Through Crypto.com

Shoppers in Singapore can now use crypto to pay for gadgets in the Sony Store Online.

In one rack On Tuesday, Sony Electronics Singapore said that the USDC payments engaged through the payment service of Crypto Exchange Crypto.com, so that the first local switch from the company to direct crypto transactions was marked.

With the function, customers can use it USDCA stablecoin linked to the US dollar. It is currently exclusively for the Sony Store Online and only available via the payment system of Crypto.com.

With $ 60.06 billion in circulation, USDC is the second most prominent stabilecoin, after Tether’s USDT at $ 144.02 billion, per Coentecko. Circle, the company behind USDC, submitted An S-1 with the US SEC, which is planning to become public via an IPO.

“We urge to pay more mainstream in Crypto,” said Chin Tah Ang, general manager of Crypto.com Singapore, in the explanation, adding that a brand like Sony would help strengthen the visibility for crypto payments.

Although for the time being limited to one crypto, Sony said it is planning to add support for others in the future. Sony Singapore did not respond immediately Decrypts Request for comments.

The move comes in the midst of a broader shift within the global activities of Sony to blockchain and Web3 technologies.

Earlier this year, Sony debuted SoneiumA tailor-made Ethereum Layer-2 network made by the Singapore-based subsidiary Sony Block Solutions Labs.

Although Soneium works calmly in the background, it is intended to support a wide range of blockchain-use cases, about digital collecting objects, maker aids and possibly, in-game economies bound to the entertainment empire of Sony.

In September, during the test phase, Soneium Integrated support for bridged USDCPositioning the token as a go-to option for transactions in apps built on the network.

Developers have since used Soneium to launch NFT Collections, such as a Soulbound Drop Sony’s iconic aibo -robotAnd games at an early stage, with a growing catalog of consumer -oriented tools.

Crypto.com continues to expand his footprint worldwide, from his part.

Last month it signed a non-binding agreement with Trump Media and Technology Group Launch crypto-oriented ETFsIncluding offers bound to Bitcoin (BTC) and his own Cronos (CRO) token.

Those funds are expected to go live on the Crypto.com platform after legal clearance.

CRO has risen 8.5% on the news to $ 0.10, according to Coingecko data.

Published by Sebastian Sinclair