Categories: Bitcoin Business

Bitchain, Spanish Bitcoin Startup, Deploys Two-Way Bitcoin ATM in Athens

Click here to view original web page at www.forexminute.com

In a /r/Bitcoin AMA, Bitchain claims that it has installed two-Way Bitcoin ATM in Athens. The Spanish Bitcoin startup appears to think there if there is any opportunity for Bitcoin this is now when Greece is amidst the huge financial crisis. Greece’s flirtation with Bitcoin could happen to the facts earlier than previously thought, this is the right opportunity for any Bitcoin company.

When asked whether Bitchain was trying to profit from the financial mess in Greece, the company replied that being a Bitcoin company it is far more important for it to increase Bitcoin adoption. The best part about it is that the machine doesn’t ask for id verification, the ATM is able to verify you in case the law requires it.

Bitcoin is emerging as a Leading Choice amidst Financial Crisis

The company informs that a volume for value of more than 2000€ have been exchanged this morning from around 25 transactions. Given the appalling course of events and the announcement of the extension of the economic measures, many Greeks have begun to contemplate the possibility of purchasing Bitcoins to maintain the value of its assets.

Moreover, as Greece is currently in crisis and under pressure to close urgent agreements with the European Union and even former Greek Finance Minister Yanis Varoufakis had stressed in various forums the characteristics of the most famous cryptocurrency, the scope for Bitcoin companies is growing manifold.

In such a situation a number of Bitcoin companies including of Bitcoin ATM services providers are trying to enter into the Greek territory. However, a major issue that Bitcoin companies may face is lack of awareness among users in the country, to solve this issue, Bitchain is giving presentations and helping out people know the digital currency.

Not many Businesses in Athens Accept Bitcoin

The presentations according to the company will help those who want to learn and get their first Bitcoins as it will help the digital currency become more mainstream than ever. Additionally, as there is not much that the people in Greece can do with Bitcoin thanks to less number of businesses accepting it, additional efforts has to be put.

Interestingly, people can pay in a few restaurants and stores in the city. To further the number of businesses accepting Bitcoin, they are hosting the next Athens Bitcoin meetup in TheCube.gr where their ATM is located.

To contact the reporter of this story: Deepak Tiwari at deepak@forexminute.com

When asked whether Bitchain was trying to profit from the financial […]

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

Recent Posts

Authorities Bust Illegal Crypto-Mining Lab In Nuclear Power Plant

Ukrainian news media is reporting that last month an illegal cryptocurrency mining operation was discovered and confiscated on the site… Read More

1 hour ago

Why Mark Carney Thinks The Dollar Can No Longer Be The World’s Reserve Currency

While Jerome Powell's highly anticipated Jackson Hole speech was, in the words of Brean Capital's Russ Certo "underwhelming and anti-climatic",… Read More

1 hour ago

Bitcoin Transactions Lead to International Drug Trafficking Ring’s Arrests

Criminals often express their favoritism toward cryptocurrencies. The perceived privacy and anonymity associated with this payment method makes for an… Read More

1 hour ago

Initiative to Curtail Negative Interest Rates Gains Traction in Germany

Negative interest rates, a common occurrence in Europe these days, are unpleasant for both banks and clients. And financial institutions… Read More

1 hour ago

Analyst Says Bitcoin Is About to Seriously Impress Us

As of late, bitcoin – the granddaddy of all crypto – is once again experiencing small bursts of bearish behavior.… Read More

1 hour ago

Gloomy Stock Market Faces New China Taunt: We’ll Get ‘Last Laugh’

A gloomy stock market must wrestle with China's latest taunt, in which it warned it would "fight to the end"… Read More

1 hour 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