Singapore’s Kopitiam food court which is popular in many malls in the country has made possible for Bitcoin holders to make payments in the cryptocurrency. We read more in the latest cryptocurrency news below.
Kopitiam is among the largest food-court operators in Singaporean malls and at the Kopitech Food Court in the new Funan mall, the customers can now order through self-service kiosks or via Facebook messenger. They can also pay by using a QR code which is located on each table. What is more interesting is that the customers can now pay using cryptocurrency. Among the other payment methods, the food-court kiosks now accept bitcoin, creatanium, and ethereum.
The KOPITech systems cost about $500,000 for the food-court to develop in-house. The cryptocurrency payment option was included since the CEO of the company Alden Tan has a huge interest in the blockchain technology. He noted:
‘’Allowing cryptocurrencies will help us to learn more about this segment of the payment system. This group of customers may grow in the future, so this is what we want to attract. We are always mindful of how we could add more customers to the food court.’’
What is also interesting is that the conversion from cryptocurrency into fiat will take place on a weekly basis and Kopitiam will bear the risks of any currency fluctuation. The Stallholders will receive payments in Singaporean dollars as usual. If it turns out that the response to the KOPITech food-court at the Funan mall is positive, Singapore’s Kopitiam food court will roll out other outlets that will allow cryptocurrency payments.
As noted in the coming altcoin news, it seems like accepting bitcoin in retail is rising again after the dull period that saw many of the adopters give up on the technology. In the couple previous months, the luxury hotels and car dealerships in Switzerland started to accept payments in cryptocurrency but also major US retailers are choosing Bitcoin over Visa. One US retailer even considers giving up Visa for good and choosing Bitcoin and its Lightning Network payment as a nationwide payment option. The new technologies and payment processors mean that it is much easier now to start allowing bitcoin payments since the conversion to and from crypto can be processed instantly.
Bitcoin Breaks 5-Day Long Trend Reaching $9,800 Support Level
Many Buyers Lined Up For The Four-Figure BTC: But Where Is Bitcoin Heading?
“We have been forming an ascending bullish triangle, and also and inverse HS Pattern, which very soon will make $BTC go up. The purpose with this move is to kill some shorts, before we go down again. Remember that we are in a huge descending triangle," said the user D4rkEnergY on Twitter.https://twitter.com/D4rkEnergYYY/status/1164769200902033408 For now, the highs are creeping up and there are many buyers lined up - so a move to the next resistance level around $10,400 is crucial at this point. On the downside, there is clear support at around $9,800 and more in the mid-$9k region which has been hard to crack in the recent weeks. Analysts in the coming altcoin news warn users that nobody should panic now - even though the fear and greed index fell to 5 yesterday (which was lower than the 2018 bottom in mid-December when BTC was at $3,200). The famous crypto pundit and web security mogul John McAfee also had his say while many buyers lined up to buy BTC. McAfee remains resolute and agrees that the current level of fear is unnecessary. He wrote:
“Bitcoin jitters? Just stop it! Short term fluctuations are meaningless. Bitcoin is still up almost 300% from 6 month’s ago. Everytime there’s a dip I have to calm people in replies, DMs, etc. GET A GRIP! You know in your heart Bitcoin cannot lose. Relax!”https://twitter.com/officialmcafee/status/1164491430091513856
Another Exchange Says Goodbye To The Cryptocurrency Operations
"The Company has been considering for various possibility of the customers who has not accepted the contract succession, however, we announce here that the Company has came up to the conclusion to discontinue our cryptocurrency exchange business once we complete the refunds for all customers who possess remaining balance which refunds can be made," Tech Bureau said, without providing more information about the date when it will be closing.The latest cryptocurrency news show that the FSA recently confirmed that Zaif is another exchange which is forced to close because of hacks. Nikkei says that Tech Bureau will now focus on "blockchain development." Meanwhile, another exchange in South Korea - and a member of the "big four" there - named Coinone is shutting down its Malta-based Coinone Global Exchange (CGEX) on September 18. This comes in less than a year after it opened, and the operator said that it had "decided" that it “could no longer maintain service."
Binance Thinks Funds Are ‘SAFU’ Following Amazon Web Services Withdrawal Error
“It's causing some 500 error messages on APIs and affecting some withdrawal processing.”Binance thinks funds are safe - but it just recovered from a publicity scarce which involved a self-proclaimed hacker alleging that he had access to the users Know Your Customer (KYC) data. The alleged data leak made Binance very insecure and many best cryptocurrency news sites also talked about the previous hack which was funds worth $41 million leaving the platform due to a security issue. All of this sparked a weeklong maintenance shutdown and payouts to the affected users. However, Binance thinks that it is in a good place now - right after it announced that it is working on a new cryptocurrency project named Venus. As the altcoin news showed, Venus is going to rival Facebook and its controversial Libra coin. Meanwhile, the market has stabilized from the yesterday drop and is at a combined total value of $265 billion at press time. Bitcoin is trading at $10,160 and most of the altcoins are recording gains of 1% to 2%. Bitcoin's dominance is still strong, standing at 68.4%.
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