August 27, 2015 at 23:041,000 Bitcoin ATMs to be installed in Greece
Miners should have 1,000 Bitcoin ATMs installed in Greece in October this year, in accordance with the provisions of the agreement between the BTCGreece electronic exchange and the Cubits cryptocurrency services provider.
During the crisis, the Greeks thought about bitcoins, and miners about a visa to Greece . The installation of bitcoin ATMs in Greece, allowing users to exchange fiat currency for bitcoins, is a result of the growing interest in cryptocurrencies in the face of economic instability.
In the current difficult economic situation, many residents of Greece regard Bitcoin as a way to circumvent the stringent government restrictions that have been enacted as an anti-crisis measure last June. Recall that all the accumulations of the Greeks that they entrusted with the custody of the traditional financial institutions for several summer weeks were completely inaccessible, and the timing of the return of access to these funds is still unclear. At the height of the economic crisis, the Greek government closed all banks in the country and set a cash withdrawal limit. Such a measure completely cut off ordinary Greeks from international trade and their own savings. To date, the Greeks are forbidden to cash out more than 60 € per day ($ 66) and deposit funds in accounts with foreign banks. But such restrictions do not apply to the bitcoin network. Bitcoin in these conditions is an alternative source of value, which many are ready to give a chance, and first of all - Thanos Marinos, founder of BTCGreece.
An analysis of search queries on Google shows that the peak of interest in bitcoin among the Greek audience falls on the summer - the period of greatest concerns about the consequences of leaving the Eurozone. The keen interest in bitcoin resulted in a noticeable increase in the cost of this most expensive of the existing cryptocurrencies, which last July reached $ 300.
Marinos claims that he has already received requests for the installation of bitcoin ATMs from 300 different retailers.
“In difficult times, people invest in reliable assets such as gold,” says Helen Varela, founder of Bitcoins Greece, “but today electronic assets such as Bitcoin can already be considered an asset class because cryptocurrencies are not geographically bound and do not depend on the reliability of the banking system. In times of crisis, from the point of view of ordinary people, it’s quite logical to invest in bitcoins. ”
The first two-way bitcoin ATM was launched in the center of Athens by the TheCube community , combining several innovative startups and has been operating for more than a month.
“This system cannot be controlled,” Joaquin Fenoy, startup director, said earlier at the opening ceremony of the ATM. And in fact, while he was giving his speech, the young man withdrew 120 euros from his Bitcoin wallet, which is twice as much as the Greeks are allowed to withdraw from bank ATMs.
Cryptocurrency can be especially useful for young entrepreneurs who cannot make cross-border payments due to recent restrictions.
The events that unfolded in Greece over the past months have shown the world that wealth stored in the traditional financial system, in essence, is only debt receipts that the government of the country can cease to recognize at any time.
It seems that the Greeks began to learn from previous mistakes and realized that storing wealth in centralized financial institutions does not guarantee its availability in the future. Governments and banks may freeze or seize your funds at will.
During the crisis, the Greeks thought about bitcoins, and miners about a visa to Greece . The installation of bitcoin ATMs in Greece, allowing users to exchange fiat currency for bitcoins, is a result of the growing interest in cryptocurrencies in the face of economic instability.
In the current difficult economic situation, many residents of Greece regard Bitcoin as a way to circumvent the stringent government restrictions that have been enacted as an anti-crisis measure last June. Recall that all the accumulations of the Greeks that they entrusted with the custody of the traditional financial institutions for several summer weeks were completely inaccessible, and the timing of the return of access to these funds is still unclear. At the height of the economic crisis, the Greek government closed all banks in the country and set a cash withdrawal limit. Such a measure completely cut off ordinary Greeks from international trade and their own savings. To date, the Greeks are forbidden to cash out more than 60 € per day ($ 66) and deposit funds in accounts with foreign banks. But such restrictions do not apply to the bitcoin network. Bitcoin in these conditions is an alternative source of value, which many are ready to give a chance, and first of all - Thanos Marinos, founder of BTCGreece.
We are trying to create an ecosystem of bitcoin in the local market, says Marinos, at the moment, we plan to launch 1,000 bitcoin ATMs and provide turnkey solutions for e-commerce and the tourism industry.
An analysis of search queries on Google shows that the peak of interest in bitcoin among the Greek audience falls on the summer - the period of greatest concerns about the consequences of leaving the Eurozone. The keen interest in bitcoin resulted in a noticeable increase in the cost of this most expensive of the existing cryptocurrencies, which last July reached $ 300.
The Bitcoin network is spreading in Greece at a very fast pace. This is no longer just a fashion trend, but a solution to the pressing problems of individuals and private companies in conditions of tight government control over the movement of capital. In addition, the long-lost trust in the banking system within a particular country is a serious driving factor: people are ready to recognize bitcoin.
Marinos claims that he has already received requests for the installation of bitcoin ATMs from 300 different retailers.
“In difficult times, people invest in reliable assets such as gold,” says Helen Varela, founder of Bitcoins Greece, “but today electronic assets such as Bitcoin can already be considered an asset class because cryptocurrencies are not geographically bound and do not depend on the reliability of the banking system. In times of crisis, from the point of view of ordinary people, it’s quite logical to invest in bitcoins. ”
The first two-way bitcoin ATM was launched in the center of Athens by the TheCube community , combining several innovative startups and has been operating for more than a month.
“This system cannot be controlled,” Joaquin Fenoy, startup director, said earlier at the opening ceremony of the ATM. And in fact, while he was giving his speech, the young man withdrew 120 euros from his Bitcoin wallet, which is twice as much as the Greeks are allowed to withdraw from bank ATMs.
Cryptocurrency can be especially useful for young entrepreneurs who cannot make cross-border payments due to recent restrictions.
The events that unfolded in Greece over the past months have shown the world that wealth stored in the traditional financial system, in essence, is only debt receipts that the government of the country can cease to recognize at any time.
It seems that the Greeks began to learn from previous mistakes and realized that storing wealth in centralized financial institutions does not guarantee its availability in the future. Governments and banks may freeze or seize your funds at will.
