Singapore is launching Token Day to promote cryptocurrency mass adoption

In order to celebrate the 10th Anniversary of Bitcoin, one of the point-of-sale device companies in Singapore, has launched “Token Day” for Singapore retailers.

Singapore leads the way in terms of crypto acceptance. Its Monetary Authority of Singapore (MAS) issuing guidelines about a year ago, differentiating between security tokens and utility tokens. However, in the retailers, there is still little people using cryptocurrency. That is why the company launched “Token Day” to promote using crypto in the retail sector.

In Singapore, there are about 10,000 to 15,000 people who own cryptocurrency, who are likely to be tech-savvy males in their mid-20s to early 40s. The token day will make the wider public have a closer look at cryptocurrency, and feel friendly to use it.
More than 30 retailers are now gathering in Singapore’s Chinatown form October 31 to November 18, the visitors could buy things by various digital currencies, including ETH, BNB, ZIL, etc.

Singapore is one of the most crypto-friendly cities in the world, after China’s ban on ICOs, many businesses from the crypto space relocated their operations to Singapore. The country’s regulations have a transparent approach when it comes to cryptocurrencies.

In the Netherlands, Amsterdam has already opened its Bitcoin Boulevard in 2015, a street where most merchants accept Bitcoin as payment for their products and services. The city is home to more than 40 merchants which accept Bitcoin, as well as many crypto ATMs. Many crypto start-ups and ICOs have set up their base of operation in Amsterdam.

Parksen & PARQ Foundation has based in Amsterdam, and we have started our token economy as a pioneer. What we have seen is that the cryptocurrency now is in its early stage, but it will grow vastly in the near future. As a result, we would like to invite you to join the revolution. Don’t leave yourself out of the scene of the future of cryptocurrency!

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