It’s finally happened. A major worldwide government has just bestowed a huge vote of confidence and legitimacy onto the world of cryptocurrencies. Singapore, in an unprecedented move, just announced that they are officially adopting a certain cryptocurrency as Singapore’s official coin!
The government of Singapore just informed us that they have chosen a preferred firm for the purchase and marketing of their new coin - CashlessPay Group. The sales of Singapore's coin officially started December 2 of 2018 and currently these coins can be bought only from CashlessPay Group.
In fact, Singapore’s deputy minister of finance, Lee Hsien Loong, informed us that their new official coin starting price is just S$0.0014 cents!
That’s right, their coin is incredibly inexpensive in comparison to most other coins out there. Bitcoin for example trades at S$14,453.39 at the time of this writing, and Ethereum, trades at around S$1123.9.
In fact we were able to get Sir Richard Branson’s thoughts on Singapore’s new coin and this is what he had to say:
Sir Richard Branson’s states:
"Anytime a major corporation announces even a small partnership with an individual cryptocurrency that coin's value skyrockets. I can't wait to see what happens when a government officially adopts a crypto. When the name of Singapore's coin is released many people will become millionaires practically overnight."
A few of us at CNBC were curious enough to buy a couple coins just to see how everything looks and what the trading fees are like.
It was fairly easy to get the coins, but I will show you the whole process below for those that are interested.
First step was to fill out all the details. As you can see, nothing complicated so far.
With a story of this nature news seems to be breaking every so often, we’ll be sure to update the story as needed.
You can find their promo video as well as direct coin sales here:https://deskwizz.com/growing-trend-for-e-payment-in-singapore-towards-a-cashless-society
Building weaIth has never been so easy. Simply put, today´s breakfast money couId turn into something grand within a week.