Filter search All categories News - Video - Archive - People - Reviews - Companies - Legislation Details Category: News Published: 22 June 2015 Hits: 8869 A group of bitcoin enthusiasts installed the first bitcoin ATM in Greece.If you are in Athens, you can buy digital currency in Orizontes bookshop.CoinFox editor, Alexei Tereschenko found ATM on CoinATMRadar: The address is IOANNOU THIVAIOU 20 Acharnes, P.C.Operating company is EasyBitLLC.It is not very far from Athens’ city centre.According to Google Maps, it takes 40 minutes by public transport or 25 minutes by car to reach Akropolis and other tourist sites in the Greek capital’s city centre.The bitcoin community received the news enthusiastically.There were many rumours that the present government of Greece might embrace bitcoin soon to avoid bankruptcy.The country is now in a critical situation, according to the BBC.This week, Greece needs to pay the IMF loan back, but it has no money to do so.

To receive an emergency credit from the European countries the government of PM Alexis Tsipras has to cut pensions, raise energy prices and cut salaries in the public sector.The populist prime minister does not agree to reforms that might damage his rating inside the country.As a result, Greece may face a default and (in the worst case scenario) leave the Eurozone in the nearest future.Some people think, that the Greek crisis may affect the price of bitcoin.It is likely that a #Greece bankruptcy will trigger a market crash.My advice: Buy #Bitcoin & #Gold Both will rise when the markets crash.— Kim Dotcom (@KimDotcom) June 20, 2015- waiting for first trade... - - https://file.army - Each trade results in a bitcoin being sent from the currency counter in red to the country on the map.The current value in bitcoin is listed in green and plotted across the map.The last exchange rate for each currency is listed in @purple and updated for each trade.Data from BITSTAMP, BTCChina, BTC-E, Bit2c, Mercado Bitcoin BR, Local Bitcoins, OKCoin, BTCTrade, Huobi China, bitx.co.za, Cavirtex, Bitfinex, Gemini

In the midst of the ongoing financial crisis, Greece has stopped online payment transactions from going ahead using Greek debit or credit cards.bitcoin za paypalThis follows the introduction of a 60 euro/$67 ATM withdrawal limit, and the week-long closure of the country’s banks, amid strong concerns Greece will abandon the euro as its currency.local bitcoin bangkokWith such restrictions in place, there is evidence Greeks are turning to Bitcoin as a way to protect savings.bitcoin core redditGreek debit and credit cards linked to international stores online have been blocked.uk bitcoin mining hardwareFor example, visitors to the Greek iTunes page are presented with a “Payment is declined” message when attempting to download an app, either paid or free, and told to update their payment method.litecoin mining online

Then, a similar message to that received when the source card does not have any funds, or has expired is shown.litecoin exchanges by volumeThe same online payment restrictions mean Greek cards cannot be used for purchases on Amazon, or any other e-retailer that has previously served Greek customers.bitcoin trade leverageThere are also restrictions in place for PayPal payments.ethereum tokenHowever, those with Greek iTunes accounts located outside Greece can still use the service, and transfer money using PayPal.first bitcoin faucetWith no way to withdraw more than 60 euros and online payment systems blocked, some tech-savvy Greeks are looking at alternative ways to protect savings, or even adopt their own new currency free from the clutches of the Greek government or the EU.

CNNMoney says Bitcoin exchanges have been registering more interest from Greece than ever before.The report quotes Poland-based Bitcurex as saying it received a ‘flood’ of emails from Greeks over the weekend, with questions about Bitcoin’s legality in Europe, and how it could be accessed.While Bitcoin can’t be used to buy groceries or medical care in Greece, those who have withdrawn savings may be looking at alternative ways to protect their money in the short term, and the decentralized digital nature of Bitcoin — the price of which has risen to a high of $257 this month — probably looks attractive.However, other Bitcoin experts play down the connection.Several sources speaking to CoinDesk say there are no figures to suggest interest from Greece is rising, and a Fortune report states that the amount of Bitcoins being purchased using euros has remained steady.Bitcoin evangelists are seeing the opportunity in the Greek situation.The director at the Bitcoin Alliance of Canada told PRI, “this is a wake-up call for the entire world, because this isn’t going to be the last time this happens.” Outspoken Internet entrepreneur Kim Dotcom, who seems to be backing a Greek exit from the euro and is a staunch supporter of Bitcoin, tweeted his own advice: It is likely that a #Greece bankruptcy will trigger a market crash.

production of Mamma Mia!the sequel goes Croatia, not Greece Tonnes of garbage pile up on Greek streets due to municipality workers strike PM May unveils proposals for EU citizens in UK after Brexit Two die, one survives Helicopter crash.Passenger was transmitting flight live on Facebook Greece bows to blackmails, grants immunity to ex members of Privatization agency Macron tells Tsipras “We did it!”, express wish to visit Greece Hollywood star Will Smith and family clean up beaches on Antipaxos while on Ionian cruise Greek historian in White House: US President Donal Trump jumps in Thucydides Trap For one more time, Turkish authorities use Hagia Sophia as a mosque (video) Angry municipality workers throw garbage at Ministry, try to enter Parliament, 5 injured Home / News / Economy / Have you lost trust to Greek banks?Do you hate the Euro?Do you feel the capital controls restrict your business and private activities?No problem.The Bitcoins, for example, the web-based digital currency.

In order to facilitate business activities free of capital controls and the €uro and away form the Greke banks, there are allegedly plans to install 1,000 Bitcoins ATMs in order to help companies overcome the restrictions and personal aversions, if we come to believe the reports.According to a report of Coin Telegraph, a website on the future of money, Bitcoin service provider and exchange Cubits has partnered with Greek bitcoin exchange BTCGreece to install the units to help small and medium sized businesses move money.“We are creating the ecosystem of bitcoin and blockchain solutions in the Greek market.” Thanos Marinos, the found of the only Greece-based bitcoin exchange BTCGreece, told CoinTelegraph.“That will include the rollout of 1,000 ATMs and solutions for the e-commerce and tourism industry.” Today, many Greek businesses have failed to pay their suppliers and partners outside of the country due to the countries record high financial problems and the recent capital controls, which froze all bank accounts, credit cards and debit cards in the country for weeks.

The Greek government still restricts the weekly withdrawal limit for bank accounts and debit cards to US$464.76 [€420] per week.To help small and medium sized companies send payments abroad, the two companies plan to develop a cross border payment system, which will allow small businesses to send payments quickly, at low cost.Marinos: “Btcgreece and Cubits are offering a solution to the small and medium sized businesses to keep their operations, pay their invoices outside of Greece, pay for datacenter and servers, without the limitations imposed by the banks under capital controls.” Also we will integrate some of the Greek charities onboard Cubits, as Cubits have done on a massive scale with the collaboration with Wikando,” added Marinos.Additionally, bitcoin adoption in Greece is growing rapidly, he added.Individuals and business are beginning to recognize the advantages of bitcoin and its decentralized nature.“Bitcoin adoption is happening and in a very fast pace,” explained Marinos.

“Bitcoin in Greece is not just hype but a solution to day to day problems of people and businesses under capital controls.Also a key factor is that the trust for the traditional banking system is long gone and people are open to bitcoin.” At the beginning of July, Marinos told Reuters that New customers depositing at least 50 euros with BTCGreece rose by 400 percent to “a few thousand” between May and June.” (Coin Telegraph) Bitcoin is a web-based digital currency invented six years ago that floats freely and is not backed by a government or central bank.Its value has been highly volatile.However, I have a huge question here: since Bitcoin is a digital currency, how the ATMs will operate in practice?Will they be loaded with Bitcoins but they will spit €uros?And how can one transfer Euro via Bitcoins abroad?Feed the ATMs with euro, exchange them into Bitcoins, make the payment, then exchange the Bitcoins again to Euro or whatever other currency?And: don’t Bitcoins ATMs need a Bank of Greece/Greek government license?