Sony starts accepting USDC payments via Crypto.com Pay in Singapore

Sony Electronics has announced that its online store in Singapore will now accept payments in the USDC stablecoin through a partnership with Crypto.com, a prominent digital asset exchange headquartered in Singapore.

This new payment option marks Sony's latest move in expanding its presence in the Web3 space, following the launch of its own blockchain, Soneium.

In a press release issued on Wednesday, Sony emphasised that integrating USDC payments reflects the company's efforts to align with evolving trends in fintech and cater to a growing base of tech-savvy, younger customers increasingly interested in cryptocurrency.

Chin Tah Ang, General Manager of Crypto.com, expressed optimism about the collaboration, noting that the initiative could promote broader adoption of 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,” Ang stated.

As an incentive, Sony is offering additional benefits for a limited number of Crypto.com Pay users who spend up to SGD 300 on its online store. The company also revealed plans to expand the range of accepted cryptocurrencies, although it has not confirmed whether crypto payments will be made available outside of Singapore.

The acceptance of USDC is part of Sony's collaboration with Circle, the issuer of USDC. The partnership, established in September 2024, positioned USDC as a central token within Sony's Soneium blockchain network. Jeremy Allaire, Co-Founder and CEO of Circle, described the partnership as a significant milestone for the company.