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Greek crisis triggered a new discussion on the future of bitcoin. Some companies try to use it to attract new clients. Bitcoin exchange bitcoin.de cancelled commission for Greek customers.

The company announced the decision on the corporate blog:

“Any exchange fees are automatically credited back to your account each night. Greek citizens must either have completed our identification procedure or be using a Greek bank account to trade on bitcoin.de.”

The bitcoin exchange expressed solidarity with the citizens of the country:

“As a symbol of solidarity with our partners from southern Europe, we are making an offer to support Greek citizens who have turned to Bitcoin during the events of the past few weeks. Bitcoin has never been more needed than today and, as Europe’s largest exchange, Bitcoin.de wants to help to spread the message about cryptocurrency.”

As CoinFox reported earlier, Greek crisis spurred an increase in the price of bitcoin. On 28 June, Syriza called a referendum on bailout conditions, and the next day digital currency price rose to $266. 

Some of the world’s leading newspapers consider bitcoin to be an opportunity for Greece in the event of debt default. The Financial Review recently wrote: “It's clear bitcoin is having a bit of a moment right now.” 

Nick Szabo, a cryptocurrency researcher said on his blog that bitcoin could help Greece to avoid bankruptcy: “The imposition of capital controls is a disaster for a modern trade-driven economy, a catastrophe which however digital technology, and in particular the digital currency bitcoin […] has the potential to mitigate.”

 

Roman Korizky