Two Bitcoin ATMs now available in Singapore

Two Bitcoin ATMs have been successfully installed in Singapore. 

Bitcoin Exchange’s ATM was officially launched last Friday at Citylink Mall (#B1-K4), and is accessible daily from 5am — midnight.

A day earlier, Tembusu Terminals beat them to launching the first ever Bitcoin ATM — both locally designed and made — in Singapore at Boat Quay’s The Spiffy Dapper bar. 

The Tembusu — the result of a joint venture with cryptocurrency research consultancy firm Estates General, and software and hardware development studio Red Steed Studios —features enhanced security functions like ID and thumbprint scanning, and gives its customers customisable options, depending on business requirements and location around the world.

Singaporeans used to have to wait at least a day to get their Bitcoin by transferring money to an overseas exchange or seller. 

Talking about a virtual exchange, Japan’s Mt. Gox that once dominated the industry, has filed for bankruptcy protection following the loss of 750,000 Bitcoins.

Does the launch of the two Bitcoin ATM machines in Singapore in the wake of this incident mean entry into a brave new world? What do you think?

Read Also: Singapore merchants that accept Bitcoin payment 

 

 

 

 



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