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. ST PHOTO: KHALID BABA
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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.

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