Volkswagen Group Singapore Embraces Crypto for Vehicle Purchases and Service

Singaporean car giant Volkswagen Group Singapore (VGS) has partnered with payment platform FOMO Pay to offer cryptocurrency payments for vehicle purchases and after-sales services. This marks a significant step forward in the automotive industry, as customers can now use Bitcoin, Ethereum, Tether, and USD Coin for transactions up to SGD 4,500 per day and SGD 13,500 cumulatively. The move aligns with rising cryptocurrency adoption rates within Singapore’s population, where 26% of residents already own digital assets.