Sony Online Store Begins Accepting USDC via Crypto.com Pay in Singapore 3m6l4p Technology News

Sony has also announced additional benefits for a limited number of Crypto.com Pay s who spend up to SGD 300 on the company's online store. y6f6a

Written by David Delima | Updated: 2 April 2025 20:19 IST

Sony Online Store Begins Accepting USDC via Crypto.com Pay in Singapore

Photo Credit: Reuters 3v6d2p

USDC is a key token within Sony’s L-2 blockchain Soneium

Highlights

USDC is a stablecoin pegged against the US dollar
Sony is accepting USDC payments for online store s in Singapore
The firm plans to expand the list of accepted crypto tokens

ment

Sony Electronics recently announced that it has begun accepting the USDC stablecoin for payments in Singapore. The electronics giant has teamed up with Crypto.com to facilitate USDC transactions on its online store, it said in an announcement on Wednesday. Crypto.com is an exchange for virtual digital assets (VDAs), headquartered in Singapore. Sony is continuing its foray into its Web3 sector — it recently launched its own Soneium blockchain. For now, only Sony Store Online customers in Singapore will be able to access the USDC payment option.

In a press release, Sony acknowledged that crypto payments are growing in popularity, especially with a younger generation of tech-savvy customers. The company also said that its decision to accept USDC payments aligns with its efforts to keep up with Web3-focussed advancements in the fintech sector.

Buy Sony products using https://t.co/vCNztATkNg Pay!
We're excited to be partnering with @SonyElectronics Singapore to facilitate direct crypto payments on their online store for our SG s :flag-sg: Another way we're empowering (cont) https://t.co/275ZEx14J3 pic.twitter.com/k2thQ8A2Ii
— Crypto.com (@cryptocom) April 2, 2025

Crypto.com General Manager Chin Tah Ang said such initiatives can push crypto into more mainstream uses. He noted that Sony could use the opportunity to raise awareness around crypto-related payments to its large customer base. “This payment integration will not only benefit our s 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,” he said.

Sony says it plans to include other cryptocurrencies to its list of accepted tokens. It remains unclear if the company will explore for crypto payments in other regions.

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Stablecoins like USDC are gaining the attention of corporations and governments in several parts of the world to be used for everyday payments. USDT and Binance USD are other popular stablecoin options in the market.

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Sony Block Solutions Labs (Sony BSL) and Circle entered a partnership in September 2024. Sony SBL oversees the Soneium blockchain, whereas Circle is the issuer of the USDC token. Under the collaboration, the USDC was positioned as a key token within the Soneium network. At the time, Jeremy Allaire, Co-Founder and CEO at Circle, had called this partnership a “milestone” moment for his crypto firm.

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Further reading: Web3

Radhika Parashar

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Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at [email protected]. More