Good news crypto lovers as you will be amazed to know that first-ever Bitcoin Smart Banknote has been launched in Singapore By Tangem at the Megafash Suntec City store. Tangem is a Singapore based startup company dealing in digital assets.
According to Tangem, they are the 1st real physical bitcoin — the first tangible bitcoin. Tangem notes are not like paper fiat currency, but they are smart banknotes with a special chip developed by Samsung Semiconductor, that carries cryptocurrencies or any other digital assets.
Image Courtesy:Tangem
This looks to be the simplest way to receive or give Bitcoin to anyone. Just handover your “Smart Banknote” or take them. It is that simple. These physical transactions are secure and immediate and also does not involves any fees.
Below are some of the features of Tangem Smart Banknotes.
Features of Tangem Smart Banknotes
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- cash-Like
- Uncopiable Cold Wallet
- Safe And Reliable
- Connected To Blockchain
- Anonymous And Instant
- Affordable
- Easy To Use
- Open Platform
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Features are pretty amazing and the physical card also looks cool. According to Tangem team, you will be able to get them all over the world, and in corner stores, retail chains, special ATMs, or can also buy from the people who already own them. These smart banknotes can be exactly used like cash, but, please note that they are not fiat currency backed by a government, it’s just crypto!
Tangem set to deliver the first shipment of 10k production notes to prospective partners and distributors around the world for commercial pilots.
How It Works
According to Tangem, the manufacturing cost of one “smart banknote” is $2 and currently, they are manufacturing these things in millions and soon scaling it to billions.
According to them, you just have to touch the banknote with an NFC-capable smartphone to be 100% sure it has valid assets and it does not require any special infrastructure or complicated application for its working.
We are sure, if these smart notes become widely available and come to use, soon they can replace the fiat currency. What are your thoughts on this?
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