Crypto.com Expands in Singapore with Sony Partnership
Crypto.com has partnered with Sony Electronics to expand its services into Singapore. This collaboration introduces USDC as a payment option on Sony's online store, allowing customers to purchase electronics using the stablecoin.
Crypto.com and Sony Electronics: A Strategic Alliance
Sony Electronics Singapore now accepts Circle's USDC stablecoin for online purchases through a partnership with Crypto.com, a leading cryptocurrency exchange. This initiative aims to simplify cryptocurrency payments for Sony customers and broaden their customer base, according to Chin Tah Ang, General Manager of Crypto.com Singapore.
Expanding Crypto Payment Options
This move underscores Crypto.com's commitment to global expansion and provides consumers with a more convenient way to utilize their cryptocurrency assets for everyday purchases. The integration of USDC follows its recent approval for circulation under Japan's regulatory framework and Circle's expansion into the Japanese crypto market.
Sony's Web3 Ambitions
Sony's collaboration with Crypto.com is part of its broader strategy to explore blockchain and Web3 technologies. The company's development of Soneim, an Ethereum-based Layer-2 network via its subsidiary, Sony Block Solutions Labs, further demonstrates this commitment. While currently only accepting USDC, the platform may add more cryptocurrencies in the future.
Promotional Offers for Crypto.com Users
- First 50 customers spending a minimum of 300 SGD (approximately $223 USD) in USDC will receive LinkBuds Speakers (worth 299 SGD).
- First 150 customers spending at least 100 SGD in USDC will receive a 20 USDC bonus in their Crypto.com account.
Customers who meet both spending requirements can claim both promotional offers.
Note: Codeum, a leading blockchain security and development platform, offers smart contract audits, KYC verification, custom smart contract and DApp development, tokenomics and security consultations, and partnerships with launchpads and crypto agencies. These services ensure the security and integrity of blockchain projects.