Úno 19

Bitcoin TX Volume Up 55% as Grexit Looms Again

· February 19, 2017 · 7:00 am

Bitcoin’s transaction volume for 2017 has increased 55% as optimism and dissatisfaction with fiat alternatives fuel investment and trading.


Bitcoin’s Sustainable Growth

Figures republished by ARK Invest’s product lead Chris Burniske show impressive yet sustained growth in volume compared to the 2015-16 jump of 118%.

“…This is transactional volume using (bitcoin) as a means of exchange, very different from trading volume within exchanges,” he noted.

Aside from the repercussions of China’s regulatory shake-ups, there is now a growing number of countries worldwide where deep-seated problems with fiat are driving uptake of Bitcoin as a safe haven investment or transaction method.

Venezuela, India, and Mexico have all made the headlines in recent months, and now a fresh Greek debt crisis is leading commentators to suggest that country’s disgruntled citizens could soon join them in the rush for Bitcoin.

Demand Outweighs Supply

At the same time, Burniske notes the consequences of Bitcoin’s annual rate of supply inflation dropping to 4% last summer may only now be showing.

He quoted entrepreneur and investor Alistair Milne, who tweeted earlier Saturday that “it seems possible that for the first time in its history, Bitcoin’s daily mined supply can no longer meet the demand from new users.”

Demand outpacing supply is music to the ears of the endless investors, Milne also noting major US exchange Coinbase had achieved 300,000 new user signups in the past 15 days. In fact, Coinbase total accounts will soon hit 6 million according to their stats:coinbase

Greece Buzzword Again

All eyes meanwhile will be on Greece Monday as representatives gather with the European Central Bank and International Monetary Fund, ostensibly as Greece pays back €7.5 billion as part of a previously agreed debt arrangement.

However, renewed warning signs from the country’s government suggest that not only is Greece unwilling to repay on time, but may also run out of cash completely by July, thus defaulting on the remainder of its €31.7 EU bailout.

US-ECONOMY-LAGARDE

Nonetheless, it is likely the IMF will contribute to a further €5 billion loan as an interim measure, with a spokesperson telling Reuters, “We will not comment on speculation. The Fund’s position is well known and hasn’t changed.”

So too, it appears, is the opinion of currency speculators and others perceptibly affected by any jitters from Greece.

“Foreseen financial troubles in Greece and Italy could also shore up demand for the cryptocurrency in the coming weeks,” FXDailyReport’s forecast for Thursday reads.

What do you think about Bitcoin’s growth this year? Let us know in the comments below!


Images courtesy of Shutterstock, Twitter, Coinbase

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Chip-Chap Allows You to Buy Bitcoin At More Than 500 ATMs In Greece

Source: bitcoin

Chip-Chap Allows You to Buy Bitcoin At More Than 500 ATMs In Greece

Chip-Chap, the Bitcoin app that is usable at more than 10,000 ATMs in Spain and Europe, expands its network to the Hellene country of Greece with more than 500 EasyPay ATMs, which from now on will allow the purchase of bitcoin via the Chip-Chap android app.

Also read: First Blockchain Hackathon In Greece

Disclaimer: This is a press release. Bitcoinist is not responsible for the products and/or services of these firms.

Buy Bitcoins In Greece with Chip-Chap

The process is very simple. You just have to follow these steps:

  1. Install and open Chip-Chap. You can download it from the following link:
  2. Pick the option EasyPay to Bitcoin
  3. Choose the amount and the address of the wallet where you want to receive the bitcoins
  4. Pick the option Deposit money into the EasyPay ATM
  5. Type in the reference and the account
  6. Deposit the money at the ATM
  7. After a while you will have your bitcoins in your wallet!
  8. You can also share the orders on Whatsapp and your social networks to request the payment

This process can be done at any of the EasyPay kiosks from Piraeus Bank, which has an extensive network in Greece.

  • 455 EasyPay kiosks within Piraeus Bank branches
  • 45 EasyPay kiosks within Vodafone stores
  • 19 EasyPay kiosks within Interamerican branches
  • 12 EasyPay kiosks within PPC branches
  • 10 EasyPay kiosks within Municipality of Athens service points
  • 6 EasyPay kiosks within Sklavenitis Supermarkets
  • 2 EasyPay kiosks within Germanos / Cosmote stores

About Chip-Chap
Chip-Chap (
www.chip-chap.com) is a company born from the rural incubator, Entropy Factory, and since its creation has grown exponentially. Chip-Chap has increased its range of services in order to introduce these new technologies; up til now, Chip-Chap has developed one of the largest networks of physical points of sale for bitcoin transactions and has removed the barrier of online shopping with this digital currency.

Chip-Chap’s other services include:
Bitcoin -> Halcash ATMs (more than 10.000 in Spain and Poland)
Bitcoin -> SEPA transfer (bank transfers all around Europe)
Bitcoin -> virtual visa (allows to buy in thousands of online commerces with a virtual card)
EasyPay -> Bitcoin (purchase bitcoin in more than 500 ATMs all around Greece)
SafetyPay -> Bitcoin (purchase with your bank credentials in more than 15 countries)
Paynet -> Bitcoin (purchase in mexican establishments: Eleven, Oxo and many others)

The post Chip-Chap Allows You to Buy Bitcoin At More Than 500 ATMs In Greece appeared first on Bitcoinist.net.

Chip-Chap Allows You to Buy Bitcoin At More Than 500 ATMs In Greece

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