So I heard that singapore has installed its first bitcoin atm machine in the city – kudos to coinrepublic. Operating the machine was dead easy. I had a go at it – Keep up the good work guys.
The machine was installed at 29 boon tat street (inside Bar Tini). There was a big 31 boon tat street sign beside the shop.
This was how the atm looked like.
The user interface was dead easy. I thought of selling some bitcoins for a trial.
So I decide to purchase $1000 sing dollars worth of bitcoins. It would cost me 1.748 btc. Looked like the fee was 5%. Thanks to china for bringing the rate down.
The atm dispensed a ticket consisting of 2 qr code. The code above was the wallet address to send to. So I used my blockchain app on my phone to send 1.74 btc to them.
I scanned the bottom qr code to check if the payment has been made.
Noped. I was to fast. I needed to wait for the transaction to be verified. I needed at least 1 verification.
5 mins later, I scanned again.
It went through this time round.
and I got the receipt.
and of course the money! all in 10 dollars note!
Welcome to the future of currency.