Shoppers in Singapore Can Now Use Cryptocurrency to Buy Gadgets from the Sony Store Online

Sony Electronics Singapore announced on Tuesday that it has enabled USDC payments through Crypto.com's payment service. This marks Sony's first step into direct crypto transactions in the region.

Shoppers in Singapore can now use cryptocurrency to purchase gadgets from the Sony Store Online.

Sony Electronics Singapore announced on Tuesday that it has integrated USDC payments through Crypto.com’s service. This marks Sony’s first step into direct crypto transactions in the Southeast Asian city-state.

USDC, a stablecoin linked to the U.S. dollar, will enable customers to make transactions securely without worrying about price fluctuations. However, this option is currently available only on the Sony Store Online and can be used through Crypto.com’s system.

The integration of USDC, the second-largest stablecoin with a market capitalization of $60.06 billion, comes as Circle, the parent company of USDC, is preparing for an IPO. It has submitted an S-1 filing with the SEC, announcing its intention to make an initial public offering.

The increasing adoption of USDC in transactions, like Sony’s latest move, is a testament to its growing trust and stability in the market.

Chin Tah Ang, General Manager of Crypto.com Singapore, expressed optimism about pushing to make paying in crypto more mainstream.

“A brand like Sony can help boost crypto adoption around the world,” he said.

Sony’s move to accept crypto aligns with its shift toward blockchain and Web3 technologies earlier this year.

The Japanese tech giant unveiled Soneium, an Ethereum layer-2 network developed by its Singapore-based subsidiary, Sony Block Solutions Labs.

While Soneium has been operating in the background, it has played a crucial role in supporting blockchain-based projects. The platform is designed to power digital collectibles, creator tools, and even in-game economies linked to Sony’s entertainment business.

During its testing phase in September, Soneium integrated support for bridged USDC, highlighting the token’s usability in Web3 transactions. Developers have already used Soneium to launch NFT collections, including a soulbound drop celebrating Sony’s popular Aibo robot. Additionally, early-stage blockchain games and consumer-friendly tools are gradually being introduced to expand the ecosystem.

Crypto.com is gradually increasing its presence in the crypto arena. Crypto.com entered into a non-binding deal with Trump Media and Technology Group to introduce cryptocurrency-backed exchange-traded funds (ETFs). The ETFs will feature products on Bitcoin (BTC) and Crypto.com’s native cryptocurrency, Cronos (CRO).

Subject to regulatory approval, the funds will be available on the Crypto.com platform. As the announcement was made, the CRO price surged 8.5% to $0.10.