You can now pay for a Ferrari or a Patek Philippe vintage watch in S'pore with crypto

2ToneVintage Watches' sales executive Jet Lee with vintage luxury watches, on March 31, 2022. ST PHOTO: ONG WEE JIN
Watch seller 2ToneVintage has been accepting payments in cryptocurrency. ST PHOTO: ONG WEE JIN
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SINGAPORE - Luxury cars, vintage watches and collectible sneakers are among the products that some people are purchasing with cryptocurrency.

Six months after the Monetary Authority of Singapore (MAS) started issuing digital payment token service licences, more retailers are setting up payment systems that accept cryptocurrency, said crypto payment providers.

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