Singapore jumps on Bitcoin bandwagon with the opening of new ATMs

Despite rising theft concerns.

According to Bloomberg, Tembusu Terminals Pte set up what may be Singapore’s first automated tele-exchange machine for buying Bitcoins days after a Tokyo exchange for the virtual currency was shut amid concerns about possible theft.

The ATM was installed at The Spiffy Dapper, a bar in the Boat Quay district, according to a statement from Tembusu, which is based in the city-state. The company is talking with other retailers that accept the virtual currency to set up its ATMs on their premises, it said, without naming them.

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