Metro Singapore Accepts Stablecoin Payments Now, Because Why Not?

In a totally not shocking twist, Metro, the iconic department store chain in Singapore, has decided that your payment method should include the delightful world of stablecoins. Yep, you heard that right — now you can pay for your favorite items using stablecoins like Tether’s USDt, because why settle for regular money when you can pay with the future? 💸

Metro has teamed up with Dtcpay, a Singapore-licensed crypto payment platform, to bring stablecoin payments to both their in-store and online shopping experiences. This was announced on February 26. So, if you were wondering when the future of payment was going to finally arrive in Metro, this is your answer! 🎉

According to Dtcpay’s commercial director, Andy Sze Toh, Metro shoppers can now enjoy “seamless, secure payments” without the terrifying ups and downs that come with using more volatile digital currencies. Translation: you won’t accidentally buy a $5 cup of coffee that costs $25 by the time you hit checkout. 🚀

Customers can choose from a range of stablecoins, including Tether’s USDt (USDT), Circle’s USD Coin (USDC), FD121’s First Digital USD (FDUSD), and the Worldwide USD (WUSD) stablecoin issued by… well, the Worldwide Stablecoin Payment Network. We’re not sure what that means either, but it sounds impressive, right? 💰

Metro’s “Transformative Moment” (Or Just Another Tuesday)

Thanks to this new partnership, stablecoin payments are now available at two of Metro’s locations in Singapore, including the swanky Metro Paragon and Metro Woodlands. If you’re in the area and don’t use crypto to pay for your shopping, you might want to rethink your life choices. 😜

Founded way back in 1957 (which is practically ancient by today’s standards), Metro has made a name for itself as a staple in Asia, with operations in China and Indonesia. So, if you’re thinking, “Do I trust this department store to handle my digital money?” the answer is clearly, “Yes, they’ve been around long enough to know what they’re doing.” 💡

Erwin Wuysang-Oei, Metro’s COO, couldn’t resist waxing poetic about their big move into the world of stablecoin payments, saying, “We’re not just embracing the future — we’re shaping it.” So, you know, no pressure. Just shaping the future, as one does. 🤷‍♂️

Crypto Payments Taking Over Singapore, Like It or Not

According to Dtcpay, stablecoins are quickly becoming the new hotness in payment tools. The rise of crypto payments in Singapore is real, with Chainalysis reporting that crypto payments in Singapore reached nearly $1 billion in Q2 of 2024 alone. So yeah, it’s happening whether you’re ready for it or not. 🤑

Oh, and just in case you missed it, Dtcpay recently announced that they’re shifting their focus exclusively to stablecoins and saying “adieu” to volatile cryptos like Bitcoin and Ether by December 2025. So, if you were still holding out hope for paying with your Dogecoin, sorry, buddy — those days are numbered. 🐕🚫

Metro’s Website: The Last Holdout

Here’s the catch, though: while Dtcpay made it sound like stablecoin payments are already live both in-store and online, Metro’s website still doesn’t seem to have caught up. According to their payment FAQ, you can only pay with credit cards for now. Womp womp. But hey, it’s early days — give it time. ⏳

CryptoMoon, a brave soul, tried to find that elusive stablecoin option on the Metro Singapore website and came up empty-handed. They also reached out to Dtcpay and Metro for comment but got a “nothing to see here” response. But you know, stay tuned. 🧐

2025-02-26 14:22

Metro’s “Transformative Moment” (Or Just Another Tuesday)

Crypto Payments Taking Over Singapore, Like It or Not

Metro’s Website: The Last Holdout

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