On October 31, Bitcoin (BTC) celebrated his tenth birthday. As part of the celebration, a company named bizkey decided to launch a new campaign called Token day in Singapore.

Token day is a campaign that aims to make people more prosperous with crypto money and to get to know them better. The campaign, which started on October 31, will continue until November 18, even though its name is known as token day.

During this time, every moneybooker in Singapore will have the opportunity to shop from Chinatown in Singapore, where up to 30 businesses sell various products in exchange for Krypto. Those who want to spend their digital money will be able to use Bizkey’s smart Blockchain POS.

In exchange, a large number of crypto currencies are available, including Binance Coin, Ethereum, Zilliqa coin, aelf coin and others.

To introduce token day and purpose enterprises with crypto payments

Although Singapore is one of the world’s most crypto-friendly countries, it has not yet begun to be used as a payment method for crypto coins in this country. The reason for the creation of this event lies in the fact. Bizkey hopes that token day will break the ice and encourage other businesses to meet crypto payments.

Singapore’s ICOs regulations were very useful

About a year ago, in November 2017, Singapore money management (mas) decided to make a definite difference between Securities and service tokens by introducing new rules. Since then, Singapore has hosted more than 56 ICOs in the first five months of 2018. In comparison, there were only 35 ICO projects throughout 2017. Many people thought these regulations would be useful in the long run.

Due to the arrangements made, those who accept the payment of crypto in transactions involving payment fraud, logistics, delay of money transfers, accounting and similar complications were quickly eliminated.

Ken Huang, CEO and co-founder of Bizkey, said at the event that even in Singapore, only a few people have the chance to use their encryption to buy products and services.:

On token day, crypto will show that money is easy to use and that there are too many customers who are interested in paying through crypto. Huang owns between 10,000 and 15,000 Kryptos in Singapore. According to our estimates, most of the Krypto money owners are between the ages of 20 and 50, and probably the majority are technology-savvy men.

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Responses

  1. Tony Lee

    Thanks Kant, Singapore are the most proactive and early adopters to all things new especially Cryptos. I hope this is Blockchain entry point and could this be the big break we are all praying for.

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