Sonys Singapore Subsidiary Accepts USDC Payments Through Crypto.com
Crypto.coms Singapore general manager, Chin Tah Ang, emphasized the companys commitment to making crypto payments more accessible and mainstream, citing the partnership with Sony as a pivotal step.
Crypto.coms Expanding Network of Partnerships
This move with Sony is part of Crypto.coms broader expansion strategy. The companys recent partnership with Deutsche Bank, providing corporate banking services across the Asia-Pacific region, demonstrates its growing influence in the crypto space.
Singapore Leading the Charge with Stablecoin Adoption
Sonys Singapore subsidiary is not alone in embracing stablecoin payments. In February, Metro, a prominent Singapore-based department store, allowed its customers to use stablecoins like Tethers USDT for transactions. The country is rapidly becoming a hub for crypto adoption, with reports from January showing that Singapore issued double the number of crypto licenses in 2024 compared to the previous year.
Singapore Emerges as a Crypto and Web3 Hub
The countrys regulatory approach continues to attract Web3 companies, offering a risk-adjusted framework to protect investors while fostering innovation. Additionally, the emergence of crypto-friendly banks, such as Singapore Gulf Bank, signals the growing importance of the city-state as a crypto hub, with plans for stablecoin acquisitions and investments in the coming years.
The post Sonys Singapore Subsidiary Accepts USDC Payments Through Crypto.com appeared first on Coindoo.
Read more: https://coindoo.com/sonys-singapore-subsidiary-accepts-usdc-payments-through-crypto-com/
Text source: Coindoo
