A café opened in Singapore that accepts bitcoin instead of cash and has a cryptocurrency ATM for people running low
22 Dec, 2017BUSINESSINSIDER.COM
Singapore's first cashless café has officially opened its doors in its city's center.
Ducatus Café, owned by the cryptocurrency mining company Ducatus Global, accepts zero cash and is fully dependent on cashless payments such as credit cards, Nets, and, of course cryptocurrencies.
The eatery at Oxley Tower on Robinson Road accepts bitcoin and its very own Ducatus coin, but CEO Ronny Tome says there are plans to accept other cryptocurrencies soon.
"The idea of the café was developed because we wanted to make sure that people can use our Ducatus coins but also bitcoins and other cryptocurrencies in day-to-day business.
"Right now, cryptocurrencies are mostly used for speculation on markets … We want to make it part of our daily life," he said.
Ducatus coin launched in Singapore in January this year, and each coin is now worth about 0.13 of a Singapore dollar, or $0.10, Tome added.
With an in-store cryptocurrency ATM, customers can make cash-to-bitcoin deposits while waiting for their coffee and sandwich at the café.
Business Insider visited Ducatus Café on Thursday morning and found that cryptocurrency was not the only theme the café had dedicated itself to.
Here's a look at what we found:
This article was first published by Jessica Lin on Business Insider Singapore
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