Bitcoin Forum

Smart Bitcoin Banknotes Were Launched with a Pilot in a Singaporean Mall

As bitcoin has gained wide acceptance around the world, a Singaporean startup firm Tangem announced the start of its bitcoin banknotes sale on Thursday. The physical banknotes corresponding to virtual coins can be purchased in denominations of 0.01 and 0.05 BTC at the Suntech City shopping centre.

“Available immediately in denominations of 0.01 and 0.05 BTC, Tangem Notes radically improve the simplicity and security of acquiring, owning, and circulating cryptocurrencies for both sophisticated and incoming users,” the announcement says.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/smart-bitcoin-banknotes-were-launched-in-singaporean-mall/

https://coinidol.com/upload/resize_cache/iblock/8d7/900_900_1/8d784726a9f2a7678cb6c210721ac2d7.jpg

Physical banknotes of bitcoin with a face value of 0.01 and 0.05 bitcoins, it's really something new in the crypto currency, connecting the possibilities of money, crypto currency and securities. I understand that the Singapore campaign Tangem, which issued them, undertakes to redeem such notes when they are presented for payment. For me, it is not yet clear what is the benefit of this campaign to issue such banknotes. To make this activity profitable, banknotes must be sold above their nominal value. But in general, the beginning is interesting.