Crazed For Bitcoins: Six Bitcoin ATMs Launched in Singapore Last Week
Singapore has quickly become a hotspot for bitcoin acquisition. Last week, six new bitcoin ATMs launched in the city-state, according to Bitcoin Malaysia. The locations of the machines are as follows: Dynasty Audio N Cameras. 4Point3 Café. Afeita Pte Ltd. Pic n Pixel Singapore Pte Ltd. Raffles Link at Citylink Mall. The Spiffy Dapper. The first four locations are equipped with Numoni machines, the fifth location is equipped with a Lamassu machine, and the last, a Tembusu machine. The amount of new devices for public use highlights the current craze for bitcoin in Asia (and the world, for....
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There is a new player in the world of bitcoin ATMs, Singapore-based Tembusu Terminals. The company has just installed Singapore's first permanent bitcoin ATM at a bar in the Boat Quay district. Tembusu says it is talking to other merchants who would like to install the company's ATMs, too. Earlier this month, Bitcoiniac announced it would install Robocoin ATMs in London and Singapore by mid-March. It appears that Tembusu has beaten the Vancouver-based outfit to the punch. Flexible design. The Tembusu ATM was designed and built in Singapore. It features several security and anti-theft....
Singapore bitcoin ATM producer Tembusu announced today it has closed its seed funding round and raised over S$300,000 (US$236,600), just one and a half weeks after launching its first machine and after the company itself was valued at S$5.1m (US$4.02m). Company spokesman Jarrod Luo said the extra capital would form the bulk of the working capital the startup requires to "fulfill its outstanding machine orders in a timely fashion", including stockpiling raw materials and expanding its team. Tembusu was the first company to open a bitcoin ATM in Singapore, and it is also the first to design....
The company behind the world's first bitcoin ATM is planning to set up machines in London and Singapore by mid-March. Vancouver-based Bitcoiniacs, said the new machines are part of a global expansion that will also include setting up physical brokerage offices for retail customers and a push to increase use of its own bitcoin exchange. Bitcoiniacs founder Mitchell Demeter said the ATMs would likely be located inside a cafe or coffee shop, with a brokerage office attached. This would be similar to its current set-up in Vancouver, where the ATM is located in Waves Coffee House. "We're....
Hong Kong startup Cryptex has launched a new 'bitcoin ATM debit card' that the company claims should work with as many as 90% of US ATMs, plus thousands more worldwide. The Cryptex Card is an unusual hybrid that allows users to take out cash on standard bank ATMs, but with the source of the funds being, indirectly, your bitcoin wallet. The user does not actually make direct bitcoin-to-fiat exchange transactions via the card, however. First the card user must send bitcoins to a linked Cryptex bitcoin address. Next, a specified amount of these bitcoins are converted into fiat currency, which....