Volkswagen Group Singapore has partnered with FOMO Pay to allow its car buyers additional flexibility when it comes to financing their cars.

This partnership means VGS customers can pay for their vehicles and aftersales services using digital currency payments. These include tranactions via major digital tokens such as Bitcoin (BTC), Etherum (ETH) and USDC.

The move is in response to the growing adoption of digital currencies amongst consumers in Singapore, and is made possible by FOMO Pay’s robust payment infrastructure, allowing cusomers to accept and settle payments not only in fiat, but in various cryptocurrencies as well.

At present, it is estimated that 26% of Singapore residents now own digital assets. This figure is only set to increase, as consumers chase ever faster and ever cheaper cross-border transactions.

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