Crypto payment tokens, a form of Digital Payment Tokens (DPTs), are fungible and cryptographic based on Blockchain technology. FIS Global, a FinTech giant, published an infographic, Emerging Payments Your Consumers Want, which revealed 27 per cent of consumers from Singapore, Australia, the United States, the United Kingdom, and Brazil showed interest in cryptocurrency payment. Consumers and businesses are wary of the volatile supply and demand of DPTs that contribute to fluctuations in conversions to fiat currencies. 

 

DPT is still in the development phase, where the government, Monetary Authority of Singapore (MAS) and investors work through price discovery and stabilisation. Users can adopt a cautious and progressive approach to DPT to tap on its value-added features such as user autonomy, seamless transaction experience and low processing fees. The following are a few businesses in Singapore that accept crypto payment in their transactions. 

So where can you spend bitcoin or other cryptocurrencies in Singapore?

BullionStar 

Bullion is a group of precious metals that manufacturers refine to a higher grade of elemental purity. BullionStar is a leading bullion dealer in Singapore, offering over 1,000 different products across 13 diversified categories. They include bars, coins and jewellery made of silver, gold and platinum, bullion supplies and savings programs. Buyers and sellers can view, evaluate, buy, sell, store and physically withdraw bullion products in one secured location. It accepts both appointments and walk-ins. 

 

Engage the virtual tour to experience the layout before heading to its physical location at 45 New Bridge Road. Its integrated vault offers end-to-end service for storing and dealing bullion, with consumers having direct ownership and 24/7 online control. The shop displays 29 showcases of bullion from major global mints, with live prices updated automatically on display screens. 

 

Price Ranges: Visit its products page for details and the latest prices. 

Accepted Cryptocurrencies: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC). 

Contacts: 6284 4653, 8876 4718, support@bullionstar.com. 

Online: Website, Facebook, Instagram, YouTube. 

Address: 45 New Bridge Rd, Singapore 059398. Nearest Station: Clarke Quay. 

Operating Hours: Monday to Thursday 11am-7pm. Friday 11am-5pm. Saturday 10am-2pm. Sunday Closed. 

 

Silver Bullion 

Silver Bullion offers silver, gold and platinum bars and coins, palladium bars, as well as non-bullion collectables. The company provides safe and secured bullion services - authenticate, store, sell, buy and collateralise to acquire favourable interest peer-to-peer loans. Silver Bullion's products are deliverable on demand and available for purchasing and selling 24/7 online. Bullion bars are typically packed in 0.31kg, 1kg, 15.55 kg and 31.1 kg tamper-evident packages. It also facilitates transferring existing bullion from your homes or deposit boxes or vaults. 

 

It believes in three risks mitigation: counterparty, currency and jurisdiction. Counterparty risk: Investment-grade silver and gold are liquid assets that help to prevent liabilities on the balance sheet. Currency risk: Bullion is a natural inflation hedge, as monetary authorities face uncertainties in global finance and fiat issuance. Jurisdiction risk: Segregated bullion assets and ownerships help to mitigate risks of nationalised or confiscated bullion. 

 

Price Ranges: Visit its products page for details and the latest prices. 

Accepted Cryptocurrencies: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC). 

Contacts: 6100 3040 / 6011 0448, sales@silverbullion.com.sg. 

Online: Website, Facebook, YouTube. 

Address: 9 Raffles Boulevard, #01-108, Millenia Walk, Singapore 039596. Nearest Station: Promenade. 

Contact Hours: Monday to Friday 7am-2am. Saturday 10am-2pm. 

Collection Hours: Daily 10am-9pm. 

 

Joo Bar 

Within walking distance from Bugis Station, there is a charming bar along Tan Quee Lan Street. Soaking in the nostalgic atmosphere from the heritage shophouses, Joo Bar creates an inviting appetite for authentic culture and food. The F&B enterprise was established in 2014 by Singaporeans Jamie and Kristin Lim, local aficionados of Korean culture and food. The restaurant believes in providing a laid-back atmosphere that relaxes the mood of diners, which helps them to enjoy its homemade ingredients and authentic flavours. 

 

With a passion for classy Korean bites and creative beverages, the restaurant offers palatable pairings of food and drinks. It serves Korean staple food such as Anju (drinking snacks) selections, army stew and kimchi stew, and fusion food such as Kimchi Wagyu Lasagne. Korean rice wine fans can rejoice at the in-house makgeolli brewing of rich original and additions of healthy fruits and flavours. In addition, they serve keto-friendly meats, noodles, rice and cocktails.

 

Price Ranges: Makgeollis: $16-$50. Soju Tea Cocktails: $18-$20. Anju Snacks: $14-$20. Meat: $24-$36. Stew: $24. Noodles/Rice: $18-$26. Check out its full menu for complete dine-in selections and online shop, which offers homemade condiments and merchandise. 

Accepted Cryptocurrency: Bitcoin (BTC). 

Contacts: 8138 1628, questions@joo-bar.com. 

Online: Website, Facebook, Instagram. 

Address: 5 Tan Quee Lan Street, Singapore 188094. Nearest Station: Bugis. 

Operating Hours: Monday to Sunday 5.30pm-10.30pm. 

 

Sarnies Cafe 

“Sarnies” is a British informal word for sandwiches, prepared for portable handling and convenient consumption. Within the busy business district filled with bustling dining options, Sarnies Cafe offers a cosy environment. Diners can take a breather from work and enjoy freshly made gourmet food - sandwiches, soups, salads and bakeries. Started by Australian Ben Lee, the cafe aspires to bring the urban chicness of Fitzroy, a multicultural hub of Melbourne, to downtown Singapore. Mr Lee and his team believe in the full “seed to cup” micro-roastery process to bring out the best essence of coffee beans. 

 

Sarnies Cafe serves diverse Aussie and Western gourmet sandwiches, soups, salads, bakeries, and hot and cold brews. Weekday Breakfast includes classic Bacon & Egg Wrap, Avocado Toast, Flat White and Long Black. Weekday Lunch includes traditional items such as Smoked Salmon and Roast Chicken Sandwiches for a fulfilling recharge. Weekend Brunch offers sweet and savoury selections and energising superfood shakes for a lay-back enjoyment with your loved ones. 

 

Price Ranges: Weekday Breakfast (7.30-11am): $5.50-$16.80. Weekday Lunch (11am-5pm): $5-$19. Weekday Dinner (From 3pm): $10-$23. Weekend Brunch (8.30am-3.30pm): $4-$23. Check out its full menu for complete dine-in selections and online shop, which offers coffee beans and merchandise. 

Accepted Cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Tether (USDT), Solana (SOL), Cardano (ADA), XRP (XRP), Polkadot (DOT), USD Coin (USDC), Dogecoin (DOGE). 

Contacts: 8284 2146, hellosg@sarnies.com. 

Online: Website, Facebook, Instagram.  

Address: 136 Telok Ayer Street, Singapore 068601. Nearest Station: Telok Ayer. 

Operating Hours: Weekdays: 7.30am-10.30pm. PH & Weekends: 8.30am-4pm. 

 

 

KOPItech

The Kopitiam Group is a household name in the local food scene with authentic local, regional and international fares. Launched in 2019, KOPItech in Funan Mall provides a streamlined concept of food court dining with contactless ordering and payment. A pioneering initiative for a food court, diners can place orders at one of 17 accessible self-service kiosks or through the Facebook Messenger app. Located conveniently in Funan Mall, KOPItech offers workers from the mall and nearby offices a comfortable dining ambience at competitive prices. 

 

For payment, there are extensive options with discounts that incentivise e-payment. Alden Tan, CEO of Kopitiam, mentioned in a Business Times interview that deploying cryptocurrency payment helps the company to anticipate crypto payment development. 

Consequently, it will help in their effort in strengthening transaction gateways and gain their trust in overall e-payment with Kopitiam. Kopitiam helps tenants convert cryptocurrencies received to fiat currency weekly and bear losses due to decreased values in conversion. 

 

Price Ranges: 

Accepted Cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Creatanium (CMB). 

Contacts: 6333 3344 (Headquarters/General Line).   

Online: KOPItech CapitaLand Mall Page, Kopitiam Website. 

Address: 107 North Bridge Road, Funan Digital Lifestyle Mall, #B2-24 Singapore 179105. Nearest Station: City Hall. 

Operating Hours: Daily 8am-9.30pm. 

 

&glazed

Pottery is an ancient invention that survived through centuries of civilisations and is still going strong in the modern world. It involves an elegant process that combines clay, ceramics, moisture and artisanship to craft poetic designs and shapes. &glazed believes that regardless of cultures and beliefs, every household deserves the homely dining experience with stimulating, lasting and affordable dinner and tableware. 

 

There are three product types - Dinner Plates, Bowls and Gift Sets - categorised into five well-defined themes and 22 pleasant series. The themes cater to the preferences of individuals and suit the style of homes. If your home is industrial-inspired, &glazed’s Industrial theme wares aspire to complement the fusion of wood and metal elements. For families who have a soft spot for resort living, the Modern Resort theme helps tone down the complexity of various kitchen furniture to bring a relaxed vibe. Other enchanting themes with durable quality are Minimalist, Scandinavian and Eastern Asian. 

 

Price Ranges: Dinner Plates: $9.90-$20.90 Bowls: $9.90-$23.90 Gift Sets: $35.90-$43.90. Visit its complete collection site. 

Accepted Cryptocurrencies: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Dai (DAI), Litecoin (LTC). 

Contact: andglazed@gmail.com 

Online: Website, Facebook, Instagram. 

Ordering and Shipping: Orders process 1-3 business days and then ship within 2-5 business days. Local shipping from $4.90 with delivery charges waived for orders above $50. There is a pick-up option at Paya Lebar / PLQ Mall, which requires a minimum spending of $20. Visit the FAQ page for more information.