First machine to accept bitcoins and return cash launched in Singapore

Singapore’s first machine that can accept bitcoins and return cash opened at Bartini Kitchen in Boon Tat Street on Monday.

It was set up by Mr David Moskowitz, the Singapore-based founder of bitcoin exchange Coin Republic, and Vancouver-based Bitcoiniacs.

The machine will provide another option for people who want to transact in bitcoins but prefer to deal in smaller amounts or do not want to go through the bitcoin exchanges. Mr Moskowitz said.

It will also allow technogically-savvy tourists to exchange their bitcoins for cash to spend in Singapore.

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