- A Swiss startup company “Tangem” announced the launch of smart bitcoin banknotes at the Megafash Suntec City store in Singapore on Monday.
- Tangem company raised US$15 million in funding from Japanese digital asset investment firm for the faster growth of bitcoins banknote.
- According to the company “it is delivering the first shipment of 10,000 production notes to prospective partners and distributors around the world for commercial pilots”.
In the present world of blockchain and cryptocurrency, a startup Tangem is all set to launch smart bitcoin banknotes to build his name in the bitcoin industry.
According to the Tangem company “ it is delivering the first shipment of 10,000 production notes to prospective partners and distributors around the world for commercial pilots”.
Tangem reveals that the banknotes are “Comparable to a well-protected paper banknote and very cheap enough to hand over.”
The main thing is that the bitcoins banknote will not need any special infrastructure it only needs NFC-capable smartphone to be 100% convinced it has valid assets. But the Government of Marshall Islands wants the company to issue new blockchain-based currency which will allow the islanders to access their assets without the need for an internet connection.
It is a big thing for the company and for the Marshall Islands. Hilda Heine at the time, Marshall Islands president said – it is a historic moment for our people”. In her statement she said – it showcases our nation’s intelligence to issue and use their own currency. It will count as another move of manifesting our national liberty.
The Marshall Islands government has given permission to Swiss startup Tangem that they can issue smart banknotes of the new blockchain-based currency. The government will allow islanders to access their assets even without the requirement for an internet connection.
Tangem co-founder Andrey Kurennykh said in a statement that now the world is going towards the wide selection of digital currencies, and we are very excited and feel good to announce that we introduce the modern global digital economy.