Volkswagen Singapore Now Accepts Crypto Payments for Cars and Services via Bitcoin, Ethereum, USDT and USDC

Volkswagen Group Singapore (VGS) has become one of the first major automotive companies to accept cryptocurrency payments for vehicle purchases and aftersales services. Through a partnership with FOMO pay, customers can pay using Bitcoin, Ethereum, and stablecoins, with real-time conversion to Singaporean dollars. This move aligns with Singapore's digital asset adaptation and supports the country's Smart Nation goals.

Key Points:

• VGS accepts cryptocurrency payments through FOMO pay
• Supported cryptocurrencies include Bitcoin, Ethereum, USDT, and USDC
• Daily transaction cap: SGD 4,500 per customer
• Cumulative smurfing limit: SGD 13,500
• This move reflects a broader shift toward embracing innovative financial technologies.