Sony’s own bank, a subsidiary of Sony Group’s financial division, has apparently cleared the U.S. Office of the Comptroller of the Currency (OCC)’s hurdles and is about to introduce a stablecoin (a cryptocurrency pegged to the US dollar’s value) that you’ll be able to spend on PlayStation to avoid credit card purchases. This is according to Yahoo Finance, which wrote that Sony Bank (yes, that is its real name) “has secured conditional approval from the OCC to establish a national trust bank,” which will give it the ability to issue “its own dollar-backed stablecoin.” The bank aims to start operating with this cryptocurrency in 2027, as it still has a few remaining conditions to meet before everything is approved. Sony Bank explained as far back as last December that “it wants US customers to use the token to pay for digital content across Sony’s ecosystem,” potentially allowing direct purchases that would avoid the cost of credit card fees. This could be a US-only thing, though, since it has the legal framework created by the GENIUS Act last year that allows USD-pegged stablecoins to exist in the first place. Play has no limits for crypto bros. Image via PlayStation How this is to be implemented on PlayStation or Crunchyroll, Sony’s chief entertainment businesses, remains unclear at the moment. If other countries around the world start following in the US’s footsteps, then we could possibly start seeing an expanded version of this stablecoin trend, allowing users around the world to purchase from PlayStation even if they are regionally blocked from engaging in credit card purchases. People from non-PSN countries, who are at the moment banned from buying from the PS Store using their own local cards, could be given the chance to partake in Sony’s planned all-digital future. If that does turn out to be the case, then Sony will have really played us good by creating an environment, i.e., a problem, that it is now selling us the solution to. Digital money, digital games. I’m sure some executive suit-and-tie type is salivating at those prospects. Everything under control and at the push of a button. Wonderful, really. I’m sure this news will go over well with the folks who are still bitter and angry (and likely will be forever) at Sony’s decision to kill off physical media and force everyone—their customers, partners, subsidiaries, third parties—into submitting to numbers and letters on a screen. 0The post Sony’s own bank (yes, really) is about to introduce a crypto coin to let you buy PlayStation games appeared first on Destructoid.