A Singaporean startup developing 'smart banknotes' for cryptocurrencies has launched sales of physical bitcoin banknotes with a pilot in a major Singaporean mall.

Describing itself as a 'smart banknote platform' that manufactures physical notes with denominated values of cryptocurrencies like bitcoin, Singaporean firm Tangem has debuted 'Tangem Note(s)' in a pilot launch at the Suntech City shopping center in the city-state today.

The 'banknotes' will carry their value in bitcoin on a chip inside each note and are available in denominations of 0.01 BTC ($98) and 0.05 BTC ($485) at launch.The hardware inside each banknote - it isn't made of paper - is a Samsung Semiconductor S3D350A chip which, according to Tangem co-founder Andrew Pantyukhin says, 'addresses all known attack vectors on hardware and software levels on a Medium post. The accompanying cold wallet is , Tangem says, while its co-founder insists the hacking of a single banknote would prove 'uneconomical' and would only be restricted to a single banknote even in the event of a hack.

Each banknote costs the company $2 to manufacture. The co-founder says the company is 'making millions of units now' in a bid to facilitate crypto transactions that are .

Pertinently, transferring ownership of the notes and their value in bitcoin is instant when the banknote swaps hands. Tangem states on its website, adding that each note will be NFC-enabled, allowing a user to instantly verify the validity of the assets contained via a smartphone.

To read the complete article, see:
Physical Bitcoin Banknotes Launched in Singapore to Drive Adoption(https://uk.movies.yahoo.com/movies/physical-bitcoin-banknotes-launched-singapore-140230555.html)

To visit the company website, see:
https://tangem.com/

To read earlier E-Sylum articles, see:
BITCOIN BANKNOTES(https://www.coinbooks.org/v24/esylum_v24n11a32.html)
HYBRID CRYPTO-BANKNOTES PROPOSED(https://www.coinbooks.org/v24/esylum_v24n20a33.html)
TOM BADLEY'S BITCOIN BANKNOTES(https://www.coinbooks.org/v26/esylum_v26n51a30.html)