Cryptocurrency in Singapore
Bombarded day by day by information of dogecoin millionaires and the newest NFTs and meme cash, I did what any savvy FOMO millennial would: dip my toes into the extraordinary world of cryptocurrency – with a small beginning funding of $100. However although I “got into crypto” similar to two-thirds of Singapore, truly spending it appeared much more thrilling and futuristic.
To see if it’s potential to get via a day completely on cryptocurrency, I grabbed Huiwen, my companion for the day for a full day of travelling, meals and all-important purchasing.
9AM – Heading out for a day of errands
Big tech corporations like Tesla now settle for cryptocurrency as cost, and right here in Singapore, you is likely to be even capable of pay for tuition and even with bitcoin. However other than a choose few companies, it’s powerful to make use of precise crypto to pay for all of your purchases for a whole day.
You see, transacting with cryptocurrencies IRL meant coping with a complete host of crypto apps, wallets and encryption keys – making it fairly a tedious expertise. So, for our weapon of alternative, we opted for a crypto Visa card, letting us make transactions wherever Visa playing cards are accepted, with only a easy faucet – even topping it up with crypto was a breeze.
The primary problem: getting round city.
Crypto to take the MRT? You betcha.
Most of us faucet our EZ-Hyperlink playing cards lots of and even 1000’s of occasions a 12 months, however this time, figuring out that I used to be paying for my journey with crypto did make this on a regular basis expertise that little bit extra magical.
Identical to how SimplyGo unlocks our debit and bank cards to make public transportation funds in Singapore, it additionally labored for our crypto card.
However Huiwen, my companion for the day, wasn’t as impressed. “Okay, it’s quite cool that you can use crypto to pay for public transport,” she conceded. “But my credit cards do that too!”
She’s proper – however as a bonus, our crypto card unlocks cashback on all spending – and a particular 12% for public transport.
10AM – Kickstarting our day with breakfast and low
Dine-ins limits have been nonetheless on, however nothing was going to cease us from getting fuelled for the morning. To me, crypto has all the time been an ultra-advanced, high-tech, newfangled sensation, so there was one thing novel about paying for my conventional sock-brewed Kopi-O and Teh Bing in cutting-edge cryptocurrency.
Breakfast down – we have been off to a fantastic begin.
12PM – Grabbing groceries at Large
Grocery purchasing was subsequent on our checklist. For many people, this makes up an enormous chunk of our weekly spending, and nothing’s fairly as powerful agonising over that additional pack of chips to maintain issues inside finances.
Utilizing crypto for our transactions might need been our problem, however it turned out to be the ace up our sleeves on this grocery run – raking us in a whopping 12% in cashback. Further chips? Why not throw within the additional immediate noodles and ice cream too? For our week’s value of snacks and refreshments, we paid a complete of about $80 and scored a strong $10 value in crypto returns.
3PM – Weekend purchasing remedy
Groceries performed, it was time for some weekend self-care. Huiwen made a beeline for Sephora whereas I eyed sneakers at Adidas. This time, to totally max out on financial savings, we used present playing cards bought through the crypto Visa card app to cop a bonus 10%.
Each Huiwen and I’ve an eagle eye for one of the best offers – so whereas we’d have waited until 11.11 to snag the must-haves we’ve been eyeing, the ten% cashback meant skincare necessities and the newest kicks have been just about a steal.
7PM – Ordering a feast for dinner
If there’s one factor I’ve learnt about purchasing, it’s that it’s a surefire option to rouse the munchies. The second we bought again, somebody’s abdomen made a noise.
We checked out one another, and mentioned in unison: “Jollibee!”
P2HA woes meant no dine-in, which meant we’ve all been spending fairly a bit additional on meals deliveries. Fortunately, our card helped to offset a few of our expenditure, and we scored a wholesome $2.60 in cashback on our $22 meal – fried hen by no means tasted so good.
9PM – Staying in for a Netflix marathon
Put up-dinner, Netflix, as ordinary, was the flavour of the night.
And one of the best half is, paying for our Netflix subscription with the Crypto.com card scored us a whopping 100% cashback month-to-month, so Netflix was technically free – wink wink.
Dwelling on cryptocurrency with Crypto.com Visa Card
With its daring design and premium steel construct, one in every of my favorite elements of utilizing the cardboard was feeling its heft and catching the impressed glances by workers and fellow consumers.
It may not be 2025 but, however the Crypto.com Visa card supplied us with a straightforward option to expertise the way forward for cash. Aside from providing a handy option to make all our purchases with a faucet of a card, we might additionally rake in a beneficiant heap of advantages and perks in addition.
The Crypto.com app allows you to purchase, promote and monitor cryptocurrencies with a number of faucets, and even rating as much as 8.5% returns on bitcoin and Ethereum.
Over the course of a day, we scored $27 on our purchasing spree, $10 on groceries, and $7 on meals and transport – in complete, with a mixed expenditure of barely over $400, we raked in a wholesome $45 – or over 10% in cashback.
Aside from getting cashback on purchases, we might additionally get pleasure from 100% again on Spotify, Netflix and Amazon Prime subscriptions relying on card tier.
And as journey looms within the close to future, the Crypto.com Visa Card would additionally make for a fantastic companion with perks akin to interbank foreign money trade charges, zero-fee worldwide ATM withdrawals, free airport lounge entry and 10% off Expedia and AirBnB bookings.
And until thirtieth September 2021, Crypto.com Visa cardholders can get pleasure from a bunch of SG unique promos:
As much as
12% again on a swath of meals supply, transport and grocery retailers
– together with every little thing from Seize and Large to Sheng Siong and SimplyGo
- 2X Pay Rewards and luxuriate in 10% again
after they buy grocery present playing cards through Crypto.com Pay on the app (
Crypto.com for iOS
Crypto.com for Android
Stand to be one in every of 100 winners to win $50 in CRO if you submit an image of your card and what you purchased with it. Merely tag the Crypto.com
pages with the hashtag #CryptocomSGCard in your submit.
From travelling, investing to day-to-day spending, Crypto.com is a good way to kickstart your cryptocurrency journey whereas unlocking a swath of perks and additional comfort.
This submit was dropped at you by Crypto.com.
Images by Huiwen Chan.