Slovenia, one of the smallest countries in the European Union, is certainly not resting on its laurels when it comes to the blockchain and cryptocurrency space. In fact, the tiny nation, nestled between Italy and Croatia, has come up with the idea of the first Bitcoin City just outside of the capital in Ljubljana. This is undoubtedly an ambitious project and should expand the opportunities for the crypto and blockchain space to continue growing.
The vast former shopping destination stretches over a massive 475,000 square meters and has over 500 retail stores. The complex, dubbed BTC City, also received a boost of late when the country’s outgoing Prime Minister, Miro Cerar, visited the site. He added a certain common touch to proceedings by buying a cup of coffee using a cryptocurrency payment gateway. Ljubljana has always been at the forefront of internet and communication technology and boasts a host of start-ups as well as other innovative schemes to make it one of the top tech cities in Europe. This new complex will undoubtedly make it go places as the adoption of cryptocurrency continues to spread.
BTC City is the concept of a Fintech startup called Eligma which has created an innovative point of sale system to convert the shopping complex into a veritable BTC city. In a statement, Eligma explained that the complex is a business and shopping ecosystem which is based on the latest technological solutions which include blockchain, artificial intelligence, and cryptocurrencies.
Describing the Prime Minister’s visit, Eligma said that the purpose was actually to open the Beyond 4.0 international conference, which is dedicated to the digital society and blockchain. The purpose of the event was also to get acquainted with BTC’s strategy to become a Bitcoin city.
Jay is pretty interested in the crypto space. He’s written for several publications on the topic and has lots of ideas on how the world can be made a better place with blockchain technology. He’s also a fintech journalist with some years of experience and enjoys writing about new startups, ICO’s as well as any other intriguing news that catches his fancy.