30 Jun '15, 7pm

Bitcoin seeks Greeks

That’s okay, says Fred Ehrsam, cofounder and president of Coinbase, because the company’s motive is to appeal to Europeans who are not in Greece. “If you’re sitting in Europe, you’re seeing a timeline now—you saw Cyprus in 2013, now Greece in 2015—and you’re like, ‘Hmm, my economy isn’t performing particularly well either, and all my assets could be frozen or devalued, that’s scary,'” Ehrsam tells Fortune . “There’s little that [bitcoin companies] can do for people on the ground in Greece. The bigger deal here is if you’re sitting in Italy, Spain, or Portugal, and you’re getting a little nervous, maybe it makes some sense to put value into bitcoin where you’re less susceptible to these things. The doomsday way of saying it would be, ‘Do it before it’s too late.'”

Full article: http://fortune.com/2015/06/30/bitcoin-companies-seek-gree...

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