Volkswagen Singapore Accepts Bitcoin Payments as Whales & Sharks Scoop 20K BTC ⋆ ZyCrypto

Volkswagen Singapore now accepts Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC), and more for car purchases through a partnership with licensed payment provider FOMO Pay, making it one of the latest automakers to embrace crypto transactions.

This move solidifies Volkswagen Singapore’s position as a forward-thinking automaker, catering to the growing demand for alternative payment methods. 

By embracing crypto, it appeals to younger, tech-savvy buyers while offering global clients faster, more convenient transactions than traditional bank transfers.

Welcoming the move, Dr. Kurt Leitner, Managing Director of Volkswagen Group Singapore, said, “An increasing number of consumers today are digital natives. They expect speed and convenience across all touchpoints, including how they pay. Our partnership with FOMO Pay aligns with our broader vision of delivering premium experiences powered by technology and innovation.”

Through FOMO Pay’s infrastructure, payments are completed in real time with safeguards against volatility and fraud. Customers simply scan a QR code, pay via their crypto wallet, and instantly finalize their purchase, eliminating banking delays while ensuring blockchain-backed transparency and traceability.

Bitcoin Whales’ Accumulation Skyrockets

According to Santiment, Bitcoin whales and sharks are back in accumulation mode, having added 20,061 BTC to their holdings following last week’s all-time high. Despite a 6.22% pullback since August 13, wallets holding 10–10,000 BTC continue to stack more coins.

The leading on-chain metrics provider added, “When we zoom out, this same group of key stakeholders has added 225,320 Bitcoin going back to March 22nd. There has been notable correlation between this group’s holdings and the direction of future price movement for the majority of the past five years.”

Analysts see this whale accumulation as a strong bullish signal. Large holders, often dubbed smart money, tend to buy strategically ahead of rallies. Their latest spree signals confidence, viewing last week’s dip not as weakness, but as a discounted entry into Bitcoin.

Meanwhile, Bitcoin treasury firm Metaplanet recently added 775 BTC worth $93M, strengthening its spot as the only non-U.S. company in the top 10 corporate Bitcoin holders. 

The firm, which rebranded in 2024 from a hotel and tech business, continues to double down on its Bitcoin strategy.

At the time of this writing, Bitcoin was trading at $108,565, according to CoinGecko data.