Headline-making Bitcoin is now a cryptocurrency-cum-banknote as it moves into a new dimension: the real world. It might sound like an oxymoron, but the digital currency is now available in two denominations, the 0.01 and the 0.05 BTC that can be found in Singapore at the Megafash Suntec City store.
Manufactured by the Swiss startup Tangem, the banknote has an integrated hardware system based on one of Samsung’s semiconductor chips. The notes are “cheap enough to hand over” and, according to Bitcoin News, need “no special infrastructure, no complicated applications”. The user simply needs an NFC– capable smartphone to check the note’s assets.
The Zug-based company states that these smart banknotes are “comparable to a well-protected paper banknote”, a clear acknowledgement that tangible money is indeed a secure and practical tool for a number of transactions. The bottom line is that things are coming full circle: from digital to tangible and from crypto to banknote. Even on the Ta
Manufactured by the Swiss startup Tangem, the banknote has an integrated hardware system based on one of Samsung’s semiconductor chips. The notes are “cheap enough to hand over” and, according to Bitcoin News, need “no special infrastructure, no complicated applications”. The user simply needs an NFC– capable smartphone to check the note’s assets.
The Zug-based company states that these smart banknotes are “comparable to a well-protected paper banknote”, a clear acknowledgement that tangible money is indeed a secure and practical tool for a number of transactions. The bottom line is that things are coming full circle: from digital to tangible and from crypto to banknote. Even on the Ta
07:51 PM - May 18, 2021
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