TechFlow, August 18 — Volkswagen Group Singapore (VGS) announced a partnership with payment provider FOMO Pay to accept cryptocurrency payments for vehicles and related services. Under the agreement, customers can pay using Bitcoin, Ethereum, and stablecoins such as USDT and USDC.
The payment service will apply to partial payments for new cars and after-sales services, with a daily transaction limit of 4,500 SGD and a maximum cap of 13,500 SGD. FOMO Pay will provide the payment infrastructure, ensuring regulatory compliance and offering real-time exchange rate services.
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