Categories: Bitcoin Politics

New Bitcoin Embassies in Asia Bring World Total to 17

Click here to view original web page at www.coindesk.com
Bitcoin Embassy Seoul

Two new Asian 'bitcoin embassies' opened last week in Seoul and Tokyo, with a shared mission to bring bitcoin's message to a more general audience.

There are now 17 such advocacy centres worldwide, in all major regions except Africa. However, the organization behind the movement is currently in negotiations to set up embassies both there and in the Middle East.

Gangnam style

The Seoul centre is based at the Startup Alliance co-working space in trendy Gangnam.

Dongho 'Saddo' Park and Junyoung Park, both local software engineers and cryptocurrency fans, are the primary organizers of the embassy.

Speaking to CoinDesk, Dongho Park explained that many in mainstream Korean society still misunderstand bitcoin and blockchain technology. His mission, he said, is to educate them and enable more people to use the digital currency.

He said:

"Seoul is one of the most trend-leading cities in the world. But many people in Korea see bitcoin as just an old-fashioned cyber currency or some kind of mileage [scheme]. And some people even think that it's another type of fraud."

Park hopes people will stop focusing on bitcoin's value, and think of it as something other than a money-making investment.

Instead, they should focus on bitcoin as a currency and buy it to gain financial freedom, he said. He added that, while it isn't ready to replace fiat currencies just yet, bitcoin's underlying technology has proven to be safe for six years now.

Not just for geeks

Travelers Coworking space Tokyo

Tokyo's Embassy, which opened on 5th January, is located at the Travelers Coworking space near Shinjuku train station – Japan's busiest.

Organizer Atsushi Ogisawa, who has run the coworking space for the past two years, explained that the embassy will hold seminars especially for beginners interested in bitcoin, and provide facilities for freelancers and small startups.

"Although Japan is one of the most technologically developed countries, I think most Japanese people are not so positive about bitcoin and other virtual currencies, and it looks like only geeks gather at some meetups in Tokyo," he said.

This scenario is probably due to past problems like Mt Gox, Ogisawa added, saying he wished to "fill the gap between beginners and experts".

He advised that new users should not be afraid of the technology, and that anyone who used bitcoin or other virtual currencies in real life would quickly and easily understand its possibilities.

The embassy movement

The Bitcoin Embassy Global Network website says the name "bitcoin embassy" refers to endorsed global locations where enthusiasts and the general public alike can come together to learn more about cryptocurrencies.

The name "bitcoin embassy" and its logo are trademarked to prevent misuse, according to the group. However, although they share a name and official endorsement, each embassy operates independently.

The first three embassies had opened in Montreal, Tel Aviv and Warsaw by early 2014, and their number has since grown to 17 recognized bitcoin centers worldwide.

New initiatives under consideration

All the embassies are staffed by volunteers. While some also serve as venues for meetup groups and co-working spaces, any space fulfilling the criteria could be recognized as an embassy.

One initiative currently being considered is a 'Busking for Bitcoins' day, where bitcoin embassies around the world go out into their cities to convince street performers the benefits of accepting bitcoin donations as well as regular cash.

This offers all the security benefits of electronic transactions over cash, Timpano said, but allows for small payments to independent payees that aren't possible with credit cards.

Mission to educate

Bruno Timpano, the 'ambassador' for the Bitcoin Embassy in Australia, said the embassies act like 'bitcoin colleges' for workshops and education.

He said:

"We aim to give bitcoin a physical space where the community can come for free and be educated, make a wallet, see mining equipment, and talk to other industry stakeholders."

While the movement is not about subversive projects, it is also not about pushing for KYC regulations or joining foundations, Timpano explained.

He said, however, that it is imperative for bitcoin's message to stay focused on its potential for positive impact on the world, and away from the mass-media mindset that it is "shadowy software" that is used mainly for illegal activities.

There are now 17 such advocacy centres worldwide, in all major regions except Africa. However, the organization behind the movement is currently in negotiations to set up embassies both there and in the Middle East. Gangnam style

The Seoul centre is based at the Startup Alliance co-working space in trendy […]

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama
Tags: regulation wallet

Recent Posts

  • Bitcoin Business

Litecoin and the Miami Dolphins Join Hands Over Charity

Who would have known American football and cryptocurrency would go so well together? In a press release, The Miami Dolphins… Read More

4 hours ago
  • Bitcoin Business

Crypto News: Grayscale’s Record Inflows, Shell’s New Blockchain Investment

Increasing amounts of capital are flowing into the crypto and blockchain start-up markets. By following the money, investors can uncover… Read More

4 hours ago
  • Bitcoin Business

David Koepsell (YICB 07), Co-founder of Encrypgen, LLC and Blockchain in Healthcare Global

David Koepsell is the co-founder and chief executive officer of Encrypgen, a software company creating next-generation blockchain solutions for genomic… Read More

4 hours ago
  • Bitcoin Business

Bitcoin, XRP, And LTC Prices Recover After Tumbling On Libra Hearings, What’s Next?

Congressional hearings on Facebook’s Libra took major cryptocurrencies on a wild ride last week. After tumbling early in the week,… Read More

4 hours ago
  • Bitcoin Business

Fiat Money Outpaces Bitcoin 800:1 for Money Laundering: Report

Research by Messari revealed that for every dollar used on the dark web in bitcoin, $800 is laundered in cash.… Read More

4 hours ago
  • Bitcoin Business

Silver’s Rally May Be Fueled by Concerns About Bitcoin’s Status as a Safe Haven Investment

Bitcoin and the entire cryptocurrency markets have incurred a severe bout of volatility over the past several weeks and months,… Read More

4 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More