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Topic: Let's go to Singapore! We can pay with Btc there. (Read 2464 times)

copper member
Activity: 40
Merit: 0
Now a days many countries are accepting Bitcoin. It is really a great news for Bitcoin holders and lovers. But some countries are not accepting Bitcoin still now. They are not announcing Bitcoin as their legit currency. Hopefully they will accept Bitcoin in all the sectors.
sr. member
Activity: 504
Merit: 250
I've read a lot about Singapore. The country is sure to be called one of the most progressive ones. I would love to go there someday and may be even stay there.
member
Activity: 420
Merit: 18
Blockchain, Cryptocurrencies and Bitcoin for all Singapore is crypto friendly and we can use btc in public places and government itself is support blockchain projects in all ways Singapore is crypto heaven for investors
jr. member
Activity: 57
Merit: 1
I saw this article today: https://news.bitcoin.com/singapore-regulatory-framework-cryptocurrency-payment-services/ about paying with cryptocurrencies in Singapore.
The central bank has finalized the new regulatory framework for payment services and they have included cryptocurrencies.
I think this is the future of banking and something that all countries should start doing.
The plus of making this change in the financial system is that there will be less money laundering and terrorism financing risks in the crypto world which is good for normal people that have hope and invest in online coins but bad for the ones that use the online coins for the reasons mentioned before.

What do you think? Is it a good idea to introduce cryptocurrencies in the financial systems of the world's countries?aaf
This is indeed a great news to bitcoin community and every bitcoin holder in Singapore. It nice introducing cryptocurrency into world this will really help improve the economy.
full member
Activity: 420
Merit: 100
Wow!  That is great thing that the Singapore accepts bitcoins in terms of payment in commercial transactions.
Since Singapore is one of the wealthy countries in Asia.  They can influence also other countries to legalize or implement that thing.
member
Activity: 322
Merit: 11
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I heard that in Singapore, many products are not cheap but I don't know the truth. And although we can pay with bitcoin, I prefer to pay using fiat and better to hold the bitcoin. Maybe one day if I have a lot of money, I will visit in Singapore and enjoy the beautiful places that I've seen on television. It is a good idea to use the crypto as the second payment method in Singapore so people who have crypto can use crypto to buy something they want. I hope that in the other Asian countries will follow what Singapore did and it will help the cryptocurrency, especially bitcoin to be known among the people.
If that is really true that Singapore is accepting payments using bitcoin then that is good for cryptocurrency and us crypto holders ,there might time that we could there in Singapore and it continue to accepts bitcoin for payments then well its good , we hope that other countries in asia would also accept and adopt cryptocurrency like Singapore.
hero member
Activity: 2870
Merit: 574
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I heard that in Singapore, many products are not cheap but I don't know the truth. And although we can pay with bitcoin, I prefer to pay using fiat and better to hold the bitcoin. Maybe one day if I have a lot of money, I will visit in Singapore and enjoy the beautiful places that I've seen on television. It is a good idea to use the crypto as the second payment method in Singapore so people who have crypto can use crypto to buy something they want. I hope that in the other Asian countries will follow what Singapore did and it will help the cryptocurrency, especially bitcoin to be known among the people.
member
Activity: 203
Merit: 48
I am not doubting this information, but this is the online world, all data / information with easy manipulated or spread without clear truth. But it all back to belief own.

Example in my country. Recently circulating news about "Crypto Asset Regulation in Indonesia" [https://coinvestasi.com/berita/regulasi-aset-kripto-di-indonesia]. Many think that is true, but the fact is news hoax.

I want to say here is, if the cryptocurrency entered in the list the payment service legitimate, what it not disturbing the sovereignty of they currency?
full member
Activity: 728
Merit: 100
https://i.imgur.com/hgxNNiA.png
good news. I hope that my country can do what Singapore do. in my opinion from banking is one good way to introduce crypto to fix financial problems in all countries in the world. but that's just stupid thinking. but from the bank, there will be many people who know about digital currencies.
newbie
Activity: 14
Merit: 0
yes, i think its a great job..!As a developing country, Singapore is indeed good at welcoming bitcoin, this is characterized by giving bitcoin space to grow well in its country. The bitcoin community in Singapore is certainly more enthusiastic and warmly welcomes ...this makes the country a digital country.
hero member
Activity: 1526
Merit: 501
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Its not that surprising knowing that singapore is a rich country and it can support the nation's technological needs. Singapore also has an impressive technological adoptation and it fits bitcoin use perfectly. Maybe it also because the country has small geographical capacity. So now, who's next?
Although I don't know who is next but I believe that many countries are planning to apply bitcoin to life because the government has realized the value and benefits of bitcoin can provide, we really should thank singapore when they are one of the leading countries in this regard, they are helping bitcoin towards the globe. However, although paying with bitcoin is an interesting thing and if I have a chance, I will try it but I will definitely not use bitcoin too much for payment because it is only an investment and will forever be an investment, this will never change in my thinking
sr. member
Activity: 1036
Merit: 281
I saw this article today: https://news.bitcoin.com/singapore-regulatory-framework-cryptocurrency-payment-services/ about paying with cryptocurrencies in Singapore.
The central bank has finalized the new regulatory framework for payment services and they have included cryptocurrencies.
I think this is the future of banking and something that all countries should start doing.
The plus of making this change in the financial system is that there will be less money laundering and terrorism financing risks in the crypto world which is good for normal people that have hope and invest in online coins but bad for the ones that use the online coins for the reasons mentioned before.

What do you think? Is it a good idea to introduce cryptocurrencies in the financial systems of the world's countries?
I hope that there are more countries that will adopt cryptocurrencies. We need a better payment system, I am sure that we can have a faster and better transaction through the use of blockchain technology.
member
Activity: 322
Merit: 10
Not only in Singapore I can also use my bitcoin to pay my bills, internet, cellphone load, money lending, sending your money to your bank account atm converted into fiat for only 5 hours I also tried to convert my bitcoin into cash one time I went shopping and Im short some cash and what I did is cashout my money in one remittance partner and in just 10 seconds got my money instantly, almost everything you can do with fiats in payment options can be done here in our country and I really hope for more same adoption in other country.  
If that is true that bitcoin can be use as payment on the country of singapore then its good for bitcoin and other crypto, we crypto holders wish that not only in singapore that bitcoin can be used as payments , but also to some other asian countries will also accept paynents using cryptos and not only bitcoin be accepted.
hero member
Activity: 2492
Merit: 542
Not only in Singapore I can also use my bitcoin to pay my bills, internet, cellphone load, money lending, sending your money to your bank account atm converted into fiat for only 5 hours I also tried to convert my bitcoin into cash one time I went shopping and Im short some cash and what I did is cashout my money in one remittance partner and in just 10 seconds got my money instantly, almost everything you can do with fiats in payment options can be done here in our country and I really hope for more same adoption in other country.  
legendary
Activity: 3486
Merit: 1055
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Singapore will beat the banking metrics through adopting crypto era as it brings more awareness in the entire country. Their government taken right decision for the welfare of all the people in the country.
Singapore is a great country and very welcoming in terms of adopting new technologies. Its good to know that singapore is slowly adopting cryptocurrency but of course we don’t need to travel in singapore and spend a lot of money just to use bitcoin because in the future every country will adopt and we can now use bitcoin anywhere we go. In time more countries will follow Singapore, this market will continue to be recognize and good companies will also adopt the blockchain technology.
Yes, I don't think we need to go to Singapore just to spend a lot of bitcoin there, with banks that successfully adopt bitcoin then it will already bring a more positive impact that makes ordinary people be able to judge for themselves, if bitcoin is not used for crimes such as terrorist funding and also money laundering etc. If Singapore is able to continue to have growth that continues to increase, it is certain that in the future the use of bitcoin will become more global throughout the world.
full member
Activity: 742
Merit: 144
Singapore will beat the banking metrics through adopting crypto era as it brings more awareness in the entire country. Their government taken right decision for the welfare of all the people in the country.
Singapore is a great country and very welcoming in terms of adopting new technologies. Its good to know that singapore is slowly adopting cryptocurrency but of course we don’t need to travel in singapore and spend a lot of money just to use bitcoin because in the future every country will adopt and we can now use bitcoin anywhere we go. In time more countries will follow Singapore, this market will continue to be recognize and good companies will also adopt the blockchain technology.
sr. member
Activity: 2422
Merit: 357
Its not that surprising knowing that singapore is a rich country and it can support the nation's technological needs. Singapore also has an impressive technological adoptation and it fits bitcoin use perfectly. Maybe it also because the country has small geographical capacity. So now, who's next?
legendary
Activity: 2114
Merit: 1023
Oikos.cash | Decentralized Finance on Tron
Singapore is a really developed Country, they are so much more advance din so many ways, including sustainability, green technology, Fintech and of course last but not least, the Blockchain. They have embraced all these new technologies with both foresight and careful planning and don't do things just lightly. Once they engage themselves in a niche they go in full throttle and always try to make the safest, yet most innovative decisions that will benefit their citizens in the biggest possible way. If I ever wanted to live in a city again, I think Singapore would be one of those places in my top 5 awesome places to live with a metropolitan feel. If ever things go well for me again in Blockchain/ Bitcoin stuff, I would love to visit there one day.
full member
Activity: 924
Merit: 100
GoMeat - Digitalizing Meat Stores - ICO
I saw this article today: https://news.bitcoin.com/singapore-regulatory-framework-cryptocurrency-payment-services/ about paying with cryptocurrencies in Singapore.
The central bank has finalized the new regulatory framework for payment services and they have included cryptocurrencies.
I think this is the future of banking and something that all countries should start doing.
The plus of making this change in the financial system is that there will be less money laundering and terrorism financing risks in the crypto world which is good for normal people that have hope and invest in online coins but bad for the ones that use the online coins for the reasons mentioned before.

What do you think? Is it a good idea to introduce cryptocurrencies in the financial systems of the world's countries?

Singapore is one financial hub in asia and i think its good news if bitcoin regulated by singapore government. It will followed by anothers country in asia and i think bitcoin adoption become closer.
jr. member
Activity: 313
Merit: 1
Singapore has always been a Crypto friendly nation . They have also introducing new Regulations but those are better since the regulations brings more validity to the Bitcoin in the Country. Sooner or Later many Nations will follow Singapore.
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