Metro Departmenetal Store Chain Goes Crypto: Stablecoin Payments in Singapore Debuts
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- Metro becomes Singapore’s first department store to accept stablecoin payments.
- Stablecoin transactions in Singapore hit nearly $1 billion in Q2 2024, signaling growing demand.
- Experts discuss stablecoins as a faster, cost-effective alternative to traditional payment systems.
Metro Departmental Store in Singapore has announced it will be the first store in the nation-state to start accepting payments in stablecoins.
Starting now, customers can pay with Tether (USDT), USDC, and WUSD in stores and online. According to a report noted by media outlet Lianhe Zaobao, Metro will also soon support payments in First Digital USD (FDUSD).
Metro Embraces Crypto Payments for Retail Innovation
Metro’s decision to accept stablecoins comes after a partnership with crypto payment company dtcpay.
According to Erwin Wuysang-Oei, the COO of Metro Department Store, this collaboration aims to position Metro at the forefront of retail innovation. Additionally, he noted that by adopting stablecoin payments, Metro is not just preparing for the future but actively shaping it.
Moreover, Metro’s partnership with dtcpay will enable it to meet the needs of tech-savvy consu…
The post Metro Departmenetal Store Chain Goes Crypto: Stablecoin Payments in Singapore Debuts appeared first on Coin Edition.
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