Sony + CryptoCom + USDC
Singapore-based Sony Electronics has made its first foray into direct cryptocurrency transactions for goods and services by partnering with Crypto.com. Consumers can now make payments in USDC through Sony's online store via Crypto.com. Sony has also announced free gifts for significant buyers to encourage this new payment method.
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Why not BTC?
I was curious as to why Sony chose USDC over Bitcoin. In my opinion, Sony likely opted for stablecoins due to Bitcoin’s volatility. The reason for not adopting the leading stablecoin, USDT, might be the sanctions imposed on it in Europe, prompting Sony to choose the second-largest stablecoin, USDC, for this pilot project.
Future awaits for crypto and business
Sony may consider accepting other cryptocurrencies in the future as it plans to expand. For now, the company is closely monitoring the success of this pilot. If the experiment proves successful, other companies might follow suit and enter the crypto space with similar offers, and Sony may extend this scheme to its international customers.
Originally published at Wubits
