logo

Singapore enhances the cryptogram in the country with “Token Day”

bizkey token day in singapore

Singapore is celebrating “Token Day” on the decade anniversary of Bitcoin. The effort is put forth by Bizkey, a privately owned business in an attempt to introduce Bitcoin and cryptocurrencies to the masses.

But don’t be confused with the name since Token Day is more of a campaign festival that would go on until 18th of November starting from the decade birthday of Bitcoin on 31st of October.

Bizkey has established a base for point of sales in the Chinatown where more than thirty vendors have set up shops for cryptocurrency users and goods can be purchased using cryptocurrencies.

Cryptocurrency owners can purchase products through intelligent software by Bizkey in various currencies including Binance, ethereum, Ziliqa, and other altcoins.

Despite the fact that Singapore is a crypto friendly economy retailers are finding it hard to bring consumers to cryptocurrencies, and at various points, consumers are facing similar issues with lack of products purchasable through cryptocurrencies.

The idea behind Token Day is to close this long gap in the market and Singapore is the ideal market to start bridging the gap and bring cryptocurrencies into day to day use.

Singapore is a booming market with over fifty ICOs in the first two quarters of this year not to mention the ICOs last year. The retail sector in the country is also happy to get on the bandwagon owing to the secure and reliable nature of cryptocurrencies and crypto transactions.

Discussing the gap co-founder of Bizkey Ken Huang also discussed that even in a flourishing and welcoming market as Singapore not many people are able to use these currencies in daily routine transactions.

Taha Farooqui

Taha Farooqui

Taha specializes in copywriting & translating texts. He aims to cover cryptocurrencies & blockchain in both English and local dialects in the Middle Eastern regions. He has helped write, translate, and localize the material related to cryptocurrencies and blockchain.

Related News

Hot Stories

Everdome Secures US$10 million Investment Commitment from GEM Digital Limited
Chainlink price analysis: Bullish trend escalates LINK prices above $8.56 level
WIN NFT HERO to Bring Engaging Gaming Experience with New Features and Rewards
Polkadot price analysis: DOT faces resistance at $9.27, just shying away from $10
Bitcoin, Ethereum, Polygon, and Ethereum Classic Daily Price Analyses – 8 August Roundup

Follow Us

Industry News

Singapore’s crypto lender Hodlnaut shuts down
Celsius withdraws motion to rehire CFO at $92,000 a month
Crypto.com earns license of operation in South Korea
Elon Musk drags Twitter to court for fraud
Binance CEO Urges To Move Funds From WazirX To Binance