Limassol is getting its first bitcoin cash embassy

December 21, 2017

Limassol is getting its first bitcoin cash embassy to open in early 2018. The venue will serve as an open community centre where people can talk about the cryptocurrency, participate in free discussions and attend regular meet-ups with industry experts. It will be hosted by Hello Group, the fintech company which launched the city’s first bitcoin ATM a month ago.

With the launch of Bitcoin Cash (BCH) by Coinbase and Gdax, the adoption of the cryptocurrency is likely going to accelerate further. To help local users, developers, and investors meet and discuss this, the new bitcoin cash community centre will be established in Cyprus.

“Cyprus is an ideal location for cryptocurrency to take hold. The island serves as a regional offshore financial centre for many companies from Europe, Russia and the Middle East that need cost effective solutions to transfer money across borders,” Bitcoin.com reports, and adds that “Individuals are also more prone than others to see the benefits of a currency only they hold the keys to, especially with the memory of the 2013 EU ‘bail-in’ crisis still fresh.”

It is also noted that the University of Nicosia was the first academic institution in the world to offer an MSc in Digital Currency.

Source: http://www.goldnews.com.cy/en/financial-services/bitcoin-cash-embassy-to-open-in-limassol