Slovenia - The Crypto Country Bitcoin com Documentary

May 31, 2020
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Duration : 6 minutes 9 seconds 6 09
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Every crypto enthusiast knows that, even though crypto transactions are fast and cheap,it is still hard to leave fiat currencies behind.Blockchain based payments are still a novelty and it's not easy to find merchants who accept crypto.However if you look at a map that shows all the BCH accepting merchants,there is one country in Europe that pops out above all the othersSloveniaThe two million strong ex-Yugoslavian state is located in the heart of Europeand it's a thing of beauty.The capital Ljubljana has a population of less than 300,000.Despite its size the city offers more places to pay with Bitcoin Cash than the entire US.But why are cryptocurrencies so successful in Slovenia?How did this country become one of Europe's most prospering blockchain centers?Slovenia has been a pioneer in exploiting blockchain technology for years,and this endeavor is strongly supported by the highest level of local politics.The situation in Slovenia is actually very positive.The country and the government is very loose towards the cryptocurrencyand you know, it's it'slegal to possess and trade cryptocurrencies.The capital income from cryptocurrencyis not subject to income taxation for individuals,which makes the country particularly attractive to entrepreneurs in the industry.Legislators have a pivotal role in the creation of a blockchain friendly environment.In addition, the local government is constantly studyingwhich administrative areas could use blockchain technology.Even the Ex-Primeminister Minister, dr. Miro Cerrarspoke about his government's intention of using blockchain in administration.This legislative support offers an incentive to entrepreneursthus Slovenia has numerous companies and startups in the blockchain industry.Some of the best examples are: Origin Trail, Viberate and Eligma.Origin Trail helps to bring transparency to international supply chain,while Viberate is focused on creating the world's biggest curatedlive music database with over 500,000 events using blockchain.And then, there is Eligma.The company is building a smart commerce platform to create aunique shopping experience by using cryptocurrencies and AI technology.Eligma has developed Elipay, a transaction system that enables in shop purchaseswith Bitcoin cash, Bitcoin Core, Ether and the ELI token.Elipay is the single biggest reasonSlovenian merchants accept crypto at an unprecedentedly high rate.Especially in Ljubljana, where a shopping center called BTC city, is committed tobe a functioning test lab for crypto payments.With it's 500 stores, it is amongst the biggest shopping complexes in Europeand about a hundred of those stores offer in shop crypto payments through Elipay.And who could be better to test it, than Roger Ver?I think Slovenia can win the world'sattention and build some world-changing businesses right here.Like, the fact that there's so many people and businesses accepting Bitcoin Cashand cryptocurrency using Elipay that's a big deal, because cryptocurrencies are the future.These kind of projects carry an important message for the crypto industry.Cryptocurrencies have usability beyond trading, and are here to stay.I think the entire point of cryptocurrency was preferred tobe used as a currency. That means, to buy, and sell and pay for things around the world.According to BTC City, there is a growing trend in usage and the number of Elipaywallet users already exceed 15,000.The Elipay system now accepts payments fromthe Bitcoin.com Wallet application, allowing the owners of the more thanfour million user generated wallets, to make purchases in-store.There's too many things to choose from, I don't even know what to buy.Following the launch of the Elipay system in 2018,even the ex-Prime Minister Miro Cerar was invited by the Secretary of Statefor a coffee he purchased with Bitcoin.So, the Prime Minister came to see what Bitcoin City is,and one of the things was, we immediately installed for them Elipay on the phone,and we gave him some crypto and he said, so well now can I pay?You know, can I pay for the coffee that we just drank? And we said yeah, sure youcan. So he took the phone, he went, he paid and he actually made the firsttransaction over there in that restaurant and it was really awesome,because if the Prime Minister understands what's the purposethen we all, you know are winning.The scene was also symbolic, it showed a future when payingwith Bitcoin will be as common as paying with a credit card.I think we'll seetens or even hundreds of thousands of physical shops accepting Bitcoin Cash inthe not-too-distant future because the work of companies like Elipay and others.Right now Slovenia is a forerunner of a world where crypto only living isn'tjust a utopia, but an available alternative.Just yesterday we went tothe very first business in all Croatia to start accepting Bitcoin Cash using Elipayand that's the first of hundreds of businesses that are about to be rolledout in Croatia, thanks to the Elipay team and it's gonna spread from there to therest of the world.Whether the country becomes a stronghold for blockchain andcryptocurrencies is yet to be seen, but nothing shows Slovenia's enthusiasm morethan the fact, that it is probably the only country with a monument dedicatedto Bitcoin.
Slovenia - The Crypto Country   Bitcoin com Documentary

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