- Sony Singapore becomes the first electronics brand to accept USDC payments via Crypto.com Pay.
- Crypto.com Pay enables real-time crypto payments, with no network fees, to boost crypto adoption in Singapore.
- Sony offers promotions, including free LinkBuds and USDC rewards, to encourage customers to use crypto payments.
Sony Electronics Singapore has shifted to the utilization of cryptocurrency in one of its major developments. Starting from 2nd of April 2025, Sony’s online store will start accepting plans to accept USDC, a stablecoin operated by Circle. This makes Sony Singapore the first electronics manufacturing brand in the country to integrate crypto payments together with the Crypto.com.
Stablecoins and Crypto Payments
Crypto.com Pay is the firm’s payment solution that helps in the integration. This platform enables customers to make crypto payments in real-time without worrying about the acquiring network fee. The idea is to provide an easy and affordable way for the users who would like to pay with the help of digital currencies. This move between Sony and Crypto.com is among the ways that are aiding the growth of cryptocurrency in the Singapore region.
Chin Tah Ang, the general manager of Crypto.com Singapore highlighted that this move aims to enhance crypto payments convenience to customers. He stressed that, stablecoins transactions will continue to be on the rise and with the partnership with Sony they will extend crypto payments.
“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.”
This initiative is supported by USDC, which has recently become the second largest stablecoin by the market capitalization. Currently, USDC has $60 billion in market capitalization ranking second after Tether’s USDT. This is in line with the growing use of stablecoins and includes the payment option that is now used by Sony. It also impacts crypto-positive payment systems in the region in a positive way.
Sony Boosts Crypto Adoption
With an aim to attract more people to start using USDC, Sony is providing special offers to Crypto.com. The first 50 customers who have spent 300 SGD or $223 in USDC will be rewarded with Free LinkBuds Speaker, which goes for 299 SGD.
Furthermore, anyone making the first 150 purchases totaling at least 100 SGD will be given 20 USDC in their account with Crypto.com. The major goal of both promotions is to increase number of clients in the platform who trade actively.
This move comes after the Singapore department store chain Metro, announced in February, that they would also accept payments in stablecoins. Through its collaboration with crypto payment processor DTCPAY, Cupcakes consumers have been able to pay for their purchases in-store and online through USDT, USDC, and WUSD. This emerging trend illustrates the evolving market capability of accepting cryptocurrencies as a method of payment in the retail sector.
