EuroSports Global Limited announced that it is now accepting cryptocurrency payments with FOMO Pay, the first Major Payment Institution to introduce a cryptocurrency payment method for merchants in Singapore. 85% of the growth of global luxury sales is driven by millennials and generation Z consumers which also make up of 58% of the cryptocurrency population1. Tapping on the increasing demand for cryptocurrency investments and a huge potential for cryptocurrency transactions in the luxury sector, the Group has leveraged technology to take flexibility to the next level by accepting cryptocurrency payments.

By adding cryptocurrency as one of the payment options, the Group aims to attract new potential customers who are looking for new avenues to spend their cryptocurrency investments and address the growing demand for flexible and easy-to-use cryptocurrency payments. The customers will be able to pay seamlessly using a wide range of cryptocurrency wallets, including but not limited to Bitcoin, Ethereum, USDT and USDC. The adoption of cryptocurrency payments also enables the Group to reduce the cost of transaction fees, simplify cross-border transactions and enable protected borderless payments.