How are the Greek fighting the monetary crisis they are facing in their homeland? Well, some are fighting their way through it while others are exploring other alternative options. One such option they have found is in the form of bitcoin. The crisis has already given rise to a couple of bitcoin services that enables Greek businesses and public to overcome the government imposed credit limits and conduct businesses as usual.
A recent report on one of the Greek publication states that the country is going to receive at least a thousand bitcoin ATMs. According to the report, the bitcoin ATM installation will be taken care of by Cubits and BTCGreece, who recently entered into a partnership. These bitcoin ATM units are intended to help small and medium businesses make transactions.
According to the founder of BTCGreece Thanos Marinos, these bitcoin ATMs along with other solutions will prove to be helpful especially for e-commerce and tourism industry in Greece. Since the Greek crisis, the number of bitcoin users in Greece has gradually increased. Without bitcoin, Greeks can’t withdraw anything above 60 EUR per day from their bank accounts.
Spartan Route is another startup from Greece which is currently enabling business to honor invoices by paying with bitcoin to their international vendors and suppliers. While the businesses pay for the supplied with bitcoin, the vendor will be receiving the payment in Euros.
READ MORE: Spartan Route to the Rescue of Greek Businesses
Another tryst with digital currency comes in the form of Nautiluscoin, which is being adopted as part of a pilot program by Agistri, an island in Greece. Nautliuscoin was created by Brian Kelly, who is the founder and managing member of Brian Kelly Capital LLC, a global macro investment firm with high net worth individuals as its clients.