Tangem, a start-up operating from and Singapore, has launched a pilot sale of physical notes of (BTC), according to a published May 3.
Tangem Notes, described in the press release as “smart banknotes” with a chip developed by Samsung Semiconductor, reportedly allow consumers to physically carry bitcoin stored in denominations of 0.01 (about ) and 0.05 BTC (about ). The first pilot batch, consisting of 10,000 notes, will be shipped from to potential partners and distributors around the world.
According to the press release, the idea behind creating physical notes of bitcoin was in part to increase the ease of spending crypto, “improv[ing] the simplicity and security of acquiring, owning, and circulating cryptocurrencies.”
Singapore has developed a reputation as a hub for and blockchain development in Asia. Recently, The Singapore Fintech Association and the Fintech Association of Japan a Memorandum of Understanding to collaborate on fintech development. Additionally, China and Singapore of gasoline entirely using technology in early April. In March of this year, Singapore’s central bank to using blockchain for cross-border payments.
Published at Fri, 04 May 2018 18:59:12 +0000
