Cryptocurrency mining company Ducatus Global has set up Ducatus Café - the first café in Singapore that fully dependent on cashless payments such as credit cards, Nets, and cryptocurrencies, Business Insider reported.
The eatery at Oxley Tower on Robinson Road accepts Bitcoin (TIKER: BTC.EXANTE) and its very own Ducatus coin, but CEO Ronny Tome says there are plans to accept other cryptocurrencies soon.
"The idea of the café was developed because we wanted to make sure that people can use our Ducatus coins but also Bitcoins and other cryptocurrencies in day-to-day business,” he said.
"Right now, cryptocurrencies are mostly used for speculation on markets … We want to make it part of our daily life," Tome added.
Ducatus coin launched in Singapore in January this year, and each coin is now worth about 0.13 of a Singapore dollar, or $0.10, Tome added.
With an in-store cryptocurrency ATM, customers can make cash-to-Bitcoin deposits while waiting for their coffee and sandwich at the café.
