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!
Virtual Citizenship Program(VCP) is their next step for promoting their new coin. There is not much information out yet, but according to official announcement, even small investors have ability to get V-Citizenship. Meaning that you will get official ID card and are virtual citizen of Singapore.
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 November 30 of 2018 and currently these coins can be bought only from CashlessPay Group.
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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:
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.
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