THELOGICALINDIAN - When Greece absent its borderline to the IMF aftermost anniversary and talks of an approaching euro area avenue bedeviled the newswires several Greeks already started affective their funds to bitcoin Capital controls imposed in the country fabricated it difficult for the Greeks to defended loans or accomplish investments arch to the acceleration of sites lending bitcoin and affairs Greek products
After the Greek election resulted in a aural majority voting adjoin acerbity and the accepted bailout proposal, bazaar watchers are starting to allocution about the abeyant implications of a acknowledgment to the drachma. This could beggarly a potentially abandoned bill for the Greek citizenry and added bread-and-butter weakness. However, others are additionally active about the charge for a alongside bill that could still acquire abundant purchasing power.
In some genitalia of Greece, establishments accept additionally started accepting bitcoin instead of euros, decidedly from tourists booking hotels and bout services. “A agenda bill over the Blockchain would be ideal appropriate now for Greece and tourists,” says Lee Gibson-Grant, architect of UK-based agenda bill consultancy Coinstructors and the Drachmae Project.
Gibson-Grant afresh met with the ambassador of Agistri, a baby island in the Saronic Gulf, to altercate the testing of blockchain technology for a adherence rewards affairs for bounded businesses. This can accredit tourists to book hotels and bout casework at a abatement if they accomplish use of accolade points.
“I would advance to the Greek day-tripper industry that they abstraction the approved and activated allowances of M-Pesa, a mobile-phone based money alteration and micro-financing service, and actualize a arrangement that supports an asset-backed currency,” Gibson-Grant recommended.
A alongside bill could acquiesce the Greek abridgement to advance while still adhering to euro area rules. “When attractive at the accepted bearings of Greece it has no best but to actualize a alongside bill to booty the accent off of acute bailouts,” he added.
