Hundreds of thousands of Greeks have lost their hard-earned savings to government seizure this year, exponentially more than in previous years. Time to get some Bitcoin!
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On July 15, the birthplace of democracy descended into Molotov cocktails, teargas and violent thugs riding motorcycles and swinging billy clubs on behalf of Greek law enforcement.
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Greece debt crisis appears to have been averted, or at the least delayed. A €50 billion bailout package has been offered, if the Greek parliament agrees to implement extensive reforms that have been demanded by the eurozone.
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Bitchain, a Spanish bitcoin ATM, NFC and Card solutions provider and cryptocurrency counseling company, announced on July 11 that they launched Greece’s first two-way Bitcoin ATM at The Cube Athens, a Greek coworking space.
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Geopay, a new crypto-business bringing a “universal commerce platform” to the financial tech world, is planning to help Greeks with their sovereign debt crisis.
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In a possible redux of the handling of the Cyprus economic crisis from 2013, Greek banks are setting new contingency plans for a possible “bail-in” to avoid collapse.
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