Topic: Soon you will be able to use Ethereum to pay drinks Singapore night club (Read 244 times)

Thanks for sharing this great news. Ethereum fees still adequate for small transactions like those needed in night clubs.

Well, if we have to look at ethereum to famous someday I guess that there should be an exact point that eth might be able to be a demand of adoption like bitcoin does in a previous years. Accepting ethereum for payments for now is not yet probable because we only appreciate that only with tokensales and not actually with any product like any goods or something, maybe some peer to peer transactions from people online. That's purely a digital idea of using ethereum on payments not with physical products to use for, but if singapore now were into development of ethereum based adoption then we can see the actual phase in the future.

That is not interesting at all  I will give my ether for drinks instead of local currency. I can't see any revolutionary thing? It is also risky for business owners if eth crashes.

If I were to use bitcoin, I wouldn't consider it at all, who would pay a few dozen dollars for the miners, for a nice cup of wine?

love it they start to accept ethereum too, cause i dont want to pay in bitcoin. who the heck want to pay 5 usd fee for 3 usd drink xD

If you are a merchant there will be many advantages to receiving virtual money as a payment. First, the processing fee is paid by the sender, and the merchant does not pay anything to receive the funds. This cost is much lower than traditional payment networks.
This will be followed by many other companies.

thank you for sharing of this great information i'm happy to heard for that news ethereum start to become famous as follower of bitcoin maybe if this dry run project to accept ethereum as payment hoping to become success because if this happens bitcoin strongly pump also the popuplarity being first virtual cryptocurrency.

Singapore-based night club Skyline announced today that it will enable the use of Ethereum as a payment method for food and drinks. The result of a collaboration between the night club and cryptocurrency platform COSS, visitors will be able to use their Jaxx and Ethereum Free wallets to pay bills through the COSS POS System.

“We hope to expand this two-day trial of Ethereum acceptance as payment for drinks and food into a daily acceptance of multiple crypto currencies,” said Skyline operator Subaish Rajamanickam in a press statement, where the company also dubbed cryptocurrency as “the future of money.”. The night club aims to be the first in the country to implements such system.

Also Read: Malaysia’s central bank says it has no plans to appoint cryptocurrency exchange Singapore has always been perceived as a hotbed for cryptocurrency startups. Though the Monetary Authority of Singapore (MAS) has not made any conclusive policy yet on the matter, the government plans to conclude its cryptocurrency trial (“Project Ubin”) in 2018, according to a CNBC report.

The country already has cryptocurrency exchanges running, such as Coinhako and FYB-SG. Kryptos-X, an Australian cryptocurrency exchange has announced plans to launch in the Singapore market following a US$1 million seed funding round by Fatfish Internet Group.

https://e27.co/use-ethereum-to-pay-drinks-at-singapore-based-night-club-skyline-20171128/