By Xavier Kong
Singapore company Numoni Pte Ltd today introduced Malaysia’s first Bitcoin automatic vending machine (AVM) to cater to the users of the crypto-currency here in Malaysia.
(From left) BTC Future marketing director Marcus Leng, Numoni CEO Norma Sit and Numoni manager, Business Development Zach Luo at the launch of the Bitcoin AVM
The AVM coined the Numoni Nugen B2-Spirit machine, is manufactured locally in Senai, with the plans brought in by Numoni. The machine was first launched at the Mobile World Congress of 2014 last month, and there are now two machines in Malaysia, with one in Gurney Plaza in Penang, and the other in Bangsar Shopping Centre in Kuala Lumpur. There are also four of these machines already operational in Singapore at this time.
“While different countries are deliberating over the acceptance of Bitcoin, Bitcoin remains in demand. The Numoni Bitcoin vending machines enables the general public to participate in buying small amounts of this crypto-currency.” said Norma Sit, chief executive officer of Numoni, who likened Bitcoin to the cowry shells of the past.
The Numoni Bitcoin AVM reads the user’s Bitcoin QR code or “wallet” code, and completes the request to purchase with the insertion of fiat money. Customers will be able to buy and sell Bitcoin at these devices, but Numoni has selected not to implement the cash-out mechanism in Singapore or Malaysia for security purposes. The machines can also be tasked to sell prepaid airtime and other forms of crypto-currency.
The company plans to have a total of 20 AVMs in Singapore and 100 AVMs in Malaysia in future. By the end of the year, the company is aiming for 10 AVMs in Malaysia in total. The distributor of the AVMs in Malaysia is BTC Future Sdn Bhd.
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