Sony is making a bold move into the crypto space! 🎮🛒 Shoppers in Singapore can now use USDC (a stablecoin pegged to the U.S. dollar) to buy gadgets from the Sony Store Online. This marks Sony’s first-ever crypto payment integration in the region, powered by Crypto.com’s payment system.
Why USDC?
Unlike other cryptocurrencies with volatile prices, USDC maintains a stable value, making it a safer option for digital transactions. For now, Sony is limiting crypto payments to USDC only and accepting it exclusively through Crypto.com. However, many in the crypto community believe this is just the beginning—other cryptocurrencies could be added soon!
USDC’s Growing Popularity
USDC is currently the second-largest stablecoin, trailing behind Tether’s USDT. With a market cap of over $60 billion, it’s becoming a preferred choice for businesses looking to integrate crypto payments. Meanwhile, Circle, the company behind USDC, is preparing for an IPO, signaling growing confidence in the stablecoin’s future.
Crypto.com’s Chin Tah Ang shared his excitement about the partnership, stating that “big brands like Sony can help push crypto payments into the mainstream.”
Sony’s Bigger Vision: Web3 & Blockchain
Sony isn’t just experimenting with crypto payments—it’s building for the future. The company recently introduced Soneium, an Ethereum-based Layer-2 blockchain through its Singapore-based Sony Block Solutions Labs.
Soneium has been supporting various Web3 projects, including digital collectibles, NFT-based experiences, and blockchain-powered in-game economies. This move into crypto payments aligns perfectly with Sony’s long-term vision for integrating blockchain technology into its business.
Crypto.com’s Expansion Continues
Crypto.com is also making big moves in the industry. The platform recently announced a potential partnership with Trump Media and Technology Group to launch crypto-backed ETFs, including ones based on Bitcoin (BTC) and Crypto.com’s native token (CRO). Following this news, CRO’s price surged by 8.5% to $0.10.
