Store in Singapore begins selling Bitcoin banknotes

The launch should become a tool for mass adoption of cryptocurrencies

Source: News BTC

Tangem, a developer of hardware software platforms based in Switzerland, aims to promote the mass adoption of blockchain technologies. To support this goal, the company launched “the first digital smart note assets” at the Megafash Suntec City store in Singapore. The technology will allow blockchain-based cryptocurrencies to be emitted as intelligent physical notes with built-in Near Field Communication (NFC).

The company, which operates in Switzerland and Singapore, is manufacturing the Tangem Note based on a newly developed Samsung Semiconductor S3D350A chip. All your electronics and encryption are certified with the Common Criteria EAL6 + and EMVCo security standards.

The Tangem Note can be useful to boost the adoption of cryptocurrencies as a means of exchange in the offline world, since the Bitcoin smart card allows physical transactions with a cold and not copyable wallet. The company claims that the card can store digital assets for more than 20 years and guarantees protection against cloning, counterfeiting and duplicate expenses.

The card allows users to load digital assets from blockchain to Tangem and unload from Tangem to the blockchain host. The company does not charge transaction fees, which may lead consumers to use cryptocurrencies as a means of payment in an off-line configuration.