SINGAPORE (Dec 21): Just a street away from Singapore's central bank, a cryptocurrency firm has set up what it claims is the first cafe in the city-state to be owned and operated by a business promoting its own digital coin.

The downtown pitstop, which launched on Thursday, sells "hand brew" coffee, sandwiches and eco-friendly beauty products and accepts bitcoin, its own virtual currency called Ducatus and other cashless payments.

Its push to promote the use of its own currency through commercial enterprise, rather than speculative investment, comes the same week the Monetary Authority of Singapore urged investors to exercise "extreme caution" towards the cryptocurrency market, which many feel is in a bubble.

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