Singapore’s Digital Asset Smart Banknote Producers to Launch Bitcoin Banknotes

deadsilent

hero member

Activity: 1148

Merit: 500

Wow. This is a huge step for Singapore to start circulating Bitcoin bank notes. People there will be aware now about Bitcoin since now it has it's physical form. This is a good start of evolution of cryptocurrency. For now, they are just producing 10,000 bank notes. It's quite small compare to the amount of users there. But still good for them. I think it's the easiest way to promote Bitcoin. By circulating this bank notes, many people will notice it and hopefully become popular as money in the future and many countries will follow soon. I hope it's not just a rumor.

Quote from: fargoway on May 07, 2018, 03:25:55 AM

It is a very interesting thing, but there are a lot of disadvantages, so let's see how it will show itself.

That's what i like to see. They said that they are hinging a hardware on a samsung chip. The hardware has the entire electronics and cryptography certified to the common criteria EAL6+ and EMVCo security standards.
https://coinpedia.org/news/singapores-banknote-producers-launch-bitcoin-banknotes/

mbm_ico

newbie

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While it is not entirely clear how this will all look and whether it will work well, it is still good news for the development of the bitcoin infrastructure. I hope people do not stop there.

katarina007

newbie

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Is this true or just rumor?

amishmanish

legendary

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Merit: 1159

This was a pretty badly written article and I think it is just some story for Tangem, the company that is releasing the notes. It says the company is sharing it's code.

What special code do you need to generate a paper wallet?? Nothing which isn't already open source. It then goes on to explain that it is basically an NFC enables, USB shaped device. Just doesn't sound right.

The utility of such a "banknote" too is limited as one could as easily carry around a mobile for this. If the "banknote" wasn't fixed in denomination but allowed you to transfer funds securely from a cold wallet, that would be an idea to be excited about.

Cutieh01

newbie

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Quote from: cryptolandlords on May 07, 2018, 06:13:16 AM

This is great. To have a digital asset smart Banknote is a plus to blockchain and cryptocurrency world. From the numerous projects springing out. There are so many advancement on the way.

It is good news for us, we embrace this new innovation of Bitcoin, and its look good. I'm sure it can convince many investor to embrace cryptocurrency. It's another milestone for Bitcoin.

cryptolandlords

newbie

Activity: 96

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This is great. To have a digital asset smart Banknote is a plus to blockchain and cryptocurrency world. From the numerous projects springing out. There are so many advancement on the way.

piloder

legendary

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Merit: 1006

Actually there are already tens of thread with same news try to use search option before creating new thread with similar topic.

It is more like a cold wallet without full control over your private key but its reusable so I loved the concept.

oceantiger

jr. member

Activity: 308

Merit: 8

Quote from: coinpediaJordan on May 07, 2018, 03:12:25 AM

The digital asset smart banknote producers have released bitcoin banknotes at a store in Singapore. Presently, the currency notes are available in denominations of 0.01 and 0.05 BTC.

Rad news here: https://coinpedia.org/news/singapores-banknote-producers-launch-bitcoin-banknotes/

This is cheering news and the business world will surely jump at it. This will also increase the adoption of bitcoin for business payment within and around Singapore. Good news.

freesia_pnp888

newbie

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i just wanna see the note and there's no pic?? Angry

fargoway

newbie

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It is a very interesting thing, but there are a lot of disadvantages, so let's see how it will show itself.

raddish

newbie

Activity: 252

Merit: 0

Quote from: coinpediaJordan on May 07, 2018, 03:12:25 AM

The digital asset smart banknote producers have released bitcoin banknotes at a store in Singapore. Presently, the currency notes are available in denominations of 0.01 and 0.05 BTC.

Rad news here: https://coinpedia.org/news/singapores-banknote-producers-launch-bitcoin-banknotes/

This move by the vendors will definitely help to promote more awareness to the general public and promote more usage of btc to both the crypto users and none crypto adopters. This steps in a way reduce the complexity and the fees that will incur for transaction.

coinpediaJordan

newbie

Activity: 210

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The digital asset smart banknote producers have released bitcoin banknotes at a store in Singapore. Presently, the currency notes are available in denominations of 0.01 and 0.05 BTC.

Rad news here: https://coinpedia.org/news/singapores-banknote-producers-launch-bitcoin-banknotes/

Topic: Singapore’s Digital Asset Smart Banknote Producers to Launch Bitcoin Banknotes (Read 144 times)