Crypto payments

Premium Car Company In Singapore Now Accepting Crypto Payments

Eurosports Global has announced that it has collaborated with digital payments company FOMO pay to accept cryptocurrencies such as BTC, ETH, USDC, and USDC as payments for their first vehicles. The company perceives the need to fulfill the increasing demand for flexible and efficient crypto payments, which using crypto to drop transaction fees makes international transactions easy to understand.

According to FOMO Pay CEO, Louis Lui, the firm accepted a digital token payment license from the MAS in September 2021. The firm grants intermediary services for 2Tone vintage, a merchant that specializes in luxurious vintage watches, and Luxehouze, a leading market for luxury pieces in the Asian region.

Following the enrollment of FOMO Pay, 2Tone Vintage is optimistic that new clients will be attracted to the platform, while Luxe House, on the other hand, is trying to avoid forex fluctuations.

In spite of alerts from the Monetary Authority of Singapore that crypto transactions are a risk, many business merchants located in the region are now collecting and accepting cryptocurrency as a mode of payment. According to Sherry Goh, country manager for Singapore at London headquarter of Luno: 

“Singapore is one of Luno’s key markets, given its reputation as a global financial hub with a progressive business environment. We witnessed more than 40 percent year-on-year growth in our customer base between March 2021 and February 2022.”

It is now obvious that cryptocurrency is slowly taking business away from traditional banks through companies such as Bitpay that empower merchants as well as real estate agents to recognize and accept cryptocurrencies as means of payment.

About Godwin

Godwin is a multi-faceted writer. He covers the latest and most significant news in the crypto industry for Newsbsc. Aside from his work here, he writes exceptional SEO optimized web contents for other websites in different sectors.

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