Singapore has quickly become a hotspot for bitcoin acquisition. Last week, six new bitcoin ATMs launched in the city-state, according to Bitcoin Malaysia.
The locations of the machines are as follows:
- Dynasty Audio N Cameras
- 4Point3 Café
- Afeita Pte Ltd.
- Pic n Pixel Singapore Pte Ltd.
- Raffles Link at Citylink Mall
- The Spiffy Dapper
The first four locations are equipped with Numoni machines, the fifth location is equipped with a Lamassu machine, and the last, a Tembusu machine.
The amount of new devices for public use highlights the current craze for bitcoin in Asia (and the world, for that matter), even in the wake of unpleasant Mt. Gox-related news.
For the sake of clarity, it should be noted that ‘Bitcoin ATM’ is referred to loosely in the bitcoin community (a buzzword, if you will). In all locations above, each of the devices are actually Bitcoin Vending Machines (or BVMs).
What this means — if you have not already guessed — is that the machine only dispenses bitcoin in exchange for fiat currency. Other machines, such as the Robocoin offering, are capable of acting as an ATM in the true sense, allowing for the exchange of bitcoin for fiat and vice-versa.