- Sony Electronics Singapore now accepts USDC cryptocurrency payments on its online store through crypto.com‘s payment service.
- The USDC integration is Sony’s first direct crypto transaction capability in Singapore, with plans to support additional cryptocurrencies in the future.
- This move aligns with Sony’s broader blockchain strategy, including its Ethereum layer-2 network Soneium, developed by Sony Block Solutions Labs.
Sony has launched cryptocurrency payment options for customers shopping at its online store in Singapore. According to a statement released Tuesday, Sony Electronics Singapore has partnered with Crypto.com to enable USDC payments, marking the company’s first direct cryptocurrency payment implementation in the region.
The new payment feature allows shoppers to complete purchases using USDC, a stablecoin pegged to the U.S. dollar. Currently, this option is exclusively available on the Sony Store Online and can only be processed through Crypto.com’s payment system, as detailed in the official announcement.
Expanding Crypto Payment Options
USDC currently has $60.06 billion in circulation, making it the second-largest stablecoin after Tether‘s USDT ($144.02 billion), according to CoinGecko. Chin Tah Ang, General Manager of Crypto.com Singapore, emphasized the company’s mission in the announcement, stating, “We’re pushing to make paying in crypto more mainstream,” adding that Sony’s brand recognition would help increase visibility for cryptocurrency payments.
While Sony is starting with only USDC support, the company indicated plans to add more cryptocurrencies in the future. This payment integration represents part of Sony’s larger strategy to incorporate blockchain technology across its global operations.
Sony’s Blockchain Initiatives
The payment feature comes amid Sony’s expanding blockchain efforts. Earlier this year, Sony introduced Soneium, a custom Ethereum layer-2 network developed by its Singapore subsidiary Sony Block Solutions Labs. Soneium is designed to support various blockchain applications, including digital collectibles, creator tools, and potentially in-game economies connected to Sony’s entertainment properties.
In September, during its testing phase, Soneium integrated support for bridged USDC, positioning the stablecoin as a preferred option for transactions across the network’s applications. Developers have already launched NFT collections on the platform, including a soulbound token commemorating Sony’s iconic Aibo robot.
Meanwhile, Crypto.com continues its global expansion efforts. Last month, the company signed a non-binding agreement with Trump Media and Technology Group to launch crypto-focused ETFs, including offerings tied to Bitcoin and its native Cronos (CRO) token. Following this news, CRO’s value increased by 8.5% to $0.10, according to CoinGecko data.
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