Volkswagen Singapore partners with FOMO Pay to enable payments for vehicles and services using BTC, ETH, and stablecoins

Volkswagen Singapore (VGS) announced on August 14th that it has partnered with payment processor FOMO Pay to launch a digital currency payment service. Consumers can now pay for vehicles and services using BTC, ETH, and stablecoins (such as USDT and USDC). Each customer can pay up to SGD 4,500 per day, with a cumulative limit of SGD 13,500. This move, in response to the growing popularity of digital assets in Singapore, aims to improve payment speed, security, and global interoperability while reducing transaction costs. (Globe Newswire)