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Sony Begins Accepting USDC Payments in Its Singapore Online Store
Sony Electronics' Singapore has added cryptocurrency payments in partnership with crypto exchange Crypto.com.
What to know:
- Sony customers in Singapore can now use stablecoin USDC in the electronic giant's online store.
- Sony Electronics' Singapore is offering cryptocurrency payments in partnership with crypto exchange Crypto.com
- Crypto.com won approval as a provider of Digital Payment Token services in the city state in June 2023.
Sony customers in Singapore can now use the USDC stablecoin in its online store.
Sony Electronics' Singapore (SES) has integrated cryptocurrency payments in partnership with crypto exchange Crypto.com, the two firms said Wednesday.
STORY CONTINUES BELOW
Stablecoins are cryptocurrencies whose value is pegged to a real-world asset, such as the U.S. dollar or gold. USDC, issued by Circle, is the second-largest dollar-backed token, trailing only Tether's USDT in size.
Headquartered in Singapore, Crypto.com won approval as a provider of Digital Payment Token (DPT) services in the city state in June 2023, allowing it to provide crypto payments to clients.
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
