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Sony Singapore Embraces USDC Payments in Online Store

Sony Singapore Embraces USDC Payments in Online Store

Sony Electronics (Singapore) Pte. Ltd. (SES), in collaboration with the exchange Crypto.com, has enabled cryptocurrency payments for purchases in its online store.

The first digital asset integrated by the firm is the USDC stablecoin from Circle. The range of accepted coins is expected to expand in the future.

“We aim to make crypto payments more widespread, and partnering with a renowned and progressive brand like SES further raises awareness of how easy it is to pay for everyday goods and services with digital currencies,” said Chin Tah Ang, General Manager of Crypto.com Singapore.

According to the press release, the platform boasts over 140 million users across 90 countries.

In the stablecoin segment, USDC ranks second in market capitalization at approximately $60 billion, trailing only Tether’s USDT at $144 billion. In 2023, Circle obtained a payment institution license in Singapore.

To celebrate the integration of cryptocurrencies, SES has launched two promotional campaigns with gifts for early buyers.

Back in January, the blockchain division of the electronics giant launched the mainnet of the L2 solution Soneium, based on Optimism’s OP Stack and Superchain tools.

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