12 Sep '13, 8am

How Bitcoin Is Blossoming in Germany

How Bitcoin Is Blossoming in Germany

Print Email Reprints Comment Twitter LinkedIn Facebook Google+ NUREMBERG, Germany—If you stop by bar Room77 in Berlin's Kreuzberg neighborhood for a beer, you can leave the euros in your wallet and instead pay with the digital currency Bitcoin—a growing phenomenon in Germany and other countries that are changing their views on the currency. "In our neighborhood there are a few dozens of bitcoin-accepting businesses by now and a bitcoin-based economic cycle starts to develop," says Joerg Platzer, owner of Room77 and principal of the Crypto Economics Consulting Group in Berlin. "I do not have to change the bitcoins we take in back into euro. I can pay my beer supplier, my printer and other goods and services with it already. We call it our 'alternative local currency with global reach.'" Last month, Germany's Federal Financial Supervisory Authority (BaFin), the country's fin...

Full article: http://www.paymentssource.com/news/how-bitcoin-is-blossom...

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