Hard for digital currency to catch on as form of payment in Singapore

There are about 10 bitcoin ATMs in Singapore, six of which belong to blockchain technology company Daenerys & Co.
There are about 10 bitcoin ATMs in Singapore, six of which belong to blockchain technology company Daenerys & Co.ST PHOTO: KHALID BABA

SINGAPORE - Even as more Singaporeans are investing in popular cryptocurrencies like Bitcoin, it would take a long time for digital currency to gain traction as a mode of payment in Singapore.

Too few mainstream merchants are accepting cryptocurrency for it to become an alternative to fiat currency, said industry watchers.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month
  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.