A prominent department store chain in Singapore, Metro, has introduced stablecoin payments. Offering customers a new way to shop in-store and online.
The partnership with dtcpay, a leading stablecoin payment provider, allows shoppers to pay using stablecoins like USDT (Tether), USDC (USD Coin), and others at checkout.
The move is a significant step forward for the retail sector. Metro aims to provide a seamless, secure shopping experience by integrating stablecoin payments. Unlike volatile cryptocurrencies, stablecoins offer price stability, making them ideal for everyday transactions.
Metro enhances customer experience with digital asset integration
Metro’s decision to embrace this technology highlights its commitment to staying at the forefront of innovation and meeting the evolving needs of modern consumers.
Metro has been a staple of Singapore’s retail landscape for over sixty years. Known for offering various products, including fashion, beauty, and home essentials, the store is now a pioneer in using digital assets for payments. This change reflects the growing demand for stable, reliable payment solutions in a fast-moving digital world.
Partners with dtcpay to revolutionize retail transactions
The Commercial Director at dtcpay, Andy Sze Toh, emphasized that stablecoins eliminate the price fluctuations often associated with cryptocurrencies. “Shoppers can now pay directly with their preferred stablecoin, making digital assets a convenient option for everyday purchases,” he said.
The retail industry is experiencing a digital transformation, and stablecoins are playing a crucial role. According to recent reports, stablecoin payments in Singapore reached nearly $1 billion in the second quarter of 2024.
This demonstrates a clear shift toward digital-first payment solutions. Metro is responding by adopting stablecoin technology and positioning itself as a leader in the space.
Metro brings secure and stable digital payments to shoppers
This partnership between Metro and dtcpay is more than just a business deal; it is a bold move toward the future. The integration of stablecoin payments sets a new standard for the retail industry,
As the digital payments landscape continues to evolve, Metro’s adoption of stablecoins will likely inspire other retailers to follow suit. This collaboration signals a new era for shopping. One where digital assets are integrated into daily life, offering customers greater flexibility, security, and convenience.
