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Singapore Bitcoin ATM Startup Tembusu Gets $300,000 Seed Funding. Just a little over a week after launching its first Bitcoin ATM in Singapore, Tembusu announced that they have received S$300,000 (US$237,000) in seed funding, which put the company’s valuation at S$5 million (US$4 million). This would give the undisclosed investors 6 percent equity stake in the company. Singapore is now home to two of Asia's first bitcoin ATMs, which will allow users to feed in Singapore dollars and buy the virtual currency.. Read more at straitstimes.com. Amid the chaos of the Mt.Gox shutdown, Singapore's first bitcoin vending machine opened for business on Thursday, allowing residents in the city-state to exchange their cash for the virtual currency. Named the Tembusu, it will incorporate various physical security and anti-­theft measures, as well as anti-money laundering features. Nearly a month ago, local cryptocurrency exchange Bitcoin Exchange announced that it will be bringing Bitcoin ATMs made by Lamassu to Singapore.Now, Tembusu Terminals, a joint venture between cryptocurrency research, consultancy firm Estates General, and ... The Tembusu bitcoin ATM made its debut last week along with a number of other bitcoin ATMs in Singapore. It’s a one-way device, meaning it will only dispense bitcoin in exchange for fiat (and not the other way around). With advanced anti-money laundering features like thumbprint and idnefication scanning, the device’s KYC (know-your-customer) security level can be customized according to ...

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Buy Bitcoin Singapore

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