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Hard for digital currency to catch on as form of payment here
Too few mainstream merchants are accepting cryptocurrencies like Bitcoin, say industry watchers
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Today, there are about 10 cryptocurrency ATMs here, six of which belong to blockchain technology company Daenerys & Co. A cryptocurrency ATM allows one to connect to a cryptocurrency account to buy and sell cryptocurrency.
ST PHOTO: KHALID BABA
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.
