Companies announced that Sony Electronics Singapore now accepts US currency payments in its online store, after complementing Crypto Excination Crypto.com.
This step of Singapore is putting the TECH TECH GINT company among the increasing number of main retailers trying encryption payments. For customers, the exit experience remains as much-with the exception that they now have a payment option using a dollar stablecoin.
Chin Tah Ang, General Manager of Crypto.com in Singapore, He said The partnership helps in bringing spending on encryption to the main current, especially through collaboration with a “front thinking” brand such as Sony Electronics Singapore.
The general manager of Crypto.com added that adding the new and simple method of encryption will also expand that this payment integration will not only benefit our users by giving them another way to use encryption in the real world, but we believe that adding a new and expanded driving method will also expand the SES customer base. “
The advertisement adds to a wave of encryption developments in Singapore, especially about Stablecoins. In February, Metro, a sections chain, enabled the Stablecoin payments for its customers.
At the institutional level, Crypto.com recently joined Deutsche Bank at late last year to simplify companies ’banking services throughout the Asia Pacific region, including Singapore.
The increasing USDC adoption
The second largest stablecoin, depending on the market value, grows dramatically, almost doubles the amount of symbols circulating during the past year.
This growth comes partially from Circle’s efforts to enhance the accreditation of encrypted currency, which makes it compatible with a number of judicial states. It even became the first symbol that corresponds to Japan and Dubai.
Growth comes at a time when the company that stands behind Stablecoin, Circle, plans to the public through an initial general offer (IPO), with a modern file that reveals that the company has achieved more than $ 1.7 billion through the treasury and other monetary rewards that support USDC.
The company has also moved to support the USDC ecosystem with the acquisition of Hashnote, a real world asset manager with more than $ 1.5 billion at the time of acquisition.
