4 Bitcoin ATMS now active in Singapore!
In the last 24 hours, 3 Bitcoin ATMs have gone live and 1 more is set to launch tonight in Singapore!
UPDATE: 6 now live!
Why I think this is cool:
An ATM is a great way to spread the word about Bitcoin. People who may not have otherwise had any idea about Bitcoin will now see the machines as they are walking home from work or getting a coffee at school. For small amounts, $2, $10, even $50. it's a fun way to turn fiat into Bitcoin. It will also be useful for people who may not have a bank account to get Bitcoin and then do small scale remittances.
For larger amounts, and for the sake of convenience, I think businesses like Coin Republic and exchanges will be used. It's much simpler to transfer $1000 via iBanking, and have your Bitcoin sent to your wallet than going to one ATM, getting $1000 in cash, then going to another ATM and converting that cash into Bitcoin.
If you want to give an ATM a try (I did, bring your mobile wallet):
Numoni has 4 machines now:
The 4Point3 Café at the Singapore Management University at the School of Information Systems at 80 Stamford Road B1-61A, Singapore 178902
Dynasty Audio N Cameras Pte Ltd, 1 Rochor Canal Road, 02-29 Sim Lim Square, Singapore 188504.
Afeita Pte Ltd.304 Orchard Road, #02-48 Lucky Plaza, Singapore 238863.
Pic n Pixel Singapore Pte Ltd, 109 north Bridge Road, 04-16 Funan Digitalife Mall Singapore 179097.
Tembusu has a machine at Spiffy Dapper: 61 Boat Quay 2F.
Bitcoin Exchange is launching their machine tonight at Citylink Mall, B1-K2, 7pm