Singapore also makes it easy for new crypto firms to interact with local banking partners, a provision considered a luxury in other parts of the world.”Related: Singapore Exchange to list Bitcoin futures in H2 2025: ReportAn emerging crypto hubIn late November, the crypto-friendly digital bank Singapore Gulf Bank reportedly sought a fund injection of at least $50 million as it plans to acquire a stablecoin payments company in 2025.
According to an April 2 announcement, Sony Electronics Singapore now accepts USDC (USDC) stablecoin payments through an integration with the Crypto.com exchange.Crypto.com Singapore general manager Chin Tah Ang said:“We’re pushing to make paying in crypto more mainstream and partnering with a well-established and forward-thinking brand like Sony Electronics Singapore further raises awareness of how simple it can be to pay for everyday goods and services using crypto.”This is far from the only high-profile partnership that Crypto.com has been recently able to score.
At the end of 2024, the mobile-first crypto exchange partnered with Deutsche Bank to provide corporate banking services across Asian-Pacific markets, covering regions such as Singapore, Australia, and Hong Kong.
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Author / Journalist: Cointelegraph by Adrian Zmudzinski
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