Autor Cointelegraph By Savannah Fortis

How Bitcoin ATMs in Greece fare during a record-breaking tourist season

Greece is globally recognized for its touristic lures of idyllic beaches and a laid-back lifestyle. Prior to the outbreak of the global pandemic, the World Travel and Tourism Council said that tourism generated over one-fifth of Greece’s total GDP.This year, the country faced a record number of travelers during its summer tourism season. In the month of August alone, the country received nearly 1 million travel arrivals per week, according to the Greek Minister of Tourism Vassilis Kikilias.A report from ForwardKeys on this year’s summer tourism revealed that, of the top ten “sun and beach” locations in Europe, Greece held six spaces. These included the island destinations of Mykonos, Thira (Santorini) and Heraklion (Crete), as well as Thessaloniki. Athens, the country’s capital, took third place for “urban” destinations in Europe.In the 27 European Union member states, Greece takes the sixth spot in terms of cryptocurrency ATMs, with 64 active for usage. Over half of Greece’s crypto ATMs are shared between Athens and Thessaloniki.However, the Bitcoin ATM operator BCash strategically placed some of its ATMs in the country’s trendy island destinations of Mykonos, Santorini and Crete. Cointelegraph spoke with the managing director and co-founder of BCash, Dimitrios Tsangalidis, on how crypto is impacted by or itself impacts the tourism season in Greece.Although Mykonos and Santorini are the most visited tourist destinations, the mainland ATMs have the majority of traffic, according to Tsangalidis — especially central Athens, where the first ATM was installed, and Thessaloniki.However, the co-founder noted that in Crete, the country’s most populated island and a popular tourist destination, there is a “very loyal cryptocurrency crowd.”“There is a strong crypto community in Heraklion of Crete [which is] the location of one of our ATMs.”In Heraklion, the capital of Crete, the local start-up accelerator H2B Hub made a collaboration with the Greek-speaking University of Nicosia to create and support a local blockchain community.Both Athens and Thessaloniki have active, regular meetups for the crypto and blockchain community.While tourism bolsters parts of the Greek economy, according to Tsangalidis, it doesn’t translate to the crypto scene. “Unfortunately, the absolute opposite happens,” says Tsangalidis. “In summer months and high tourist seasons, the demand drops. But we are in the middle of crypto winter that came earlier this year, so it is really hard to tell.”Especially in terms of regular traffic, the decrease can also be equated to locals leaving for vacation.Related: Tourists flock to El Salvador despite Bitcoin bear marketIn general, Greece needs more awareness of cryptocurrencies and their utility in everyday life,  Tsangalidis sums up.“Influence on local tourism can be noticeable only if there is a general adoption of cryptocurrency within society.”He adds that for now, there is little to no infrastructure or adoption from the level of Greek businesses and local governments. “If our government will become crypto friendly and if a green light will be given to businesses, then adoption will follow.”In May of this year, the president of the Greek National Tourism Organization, Angela Gerekou, said the country is currently exploring how blockchain technology can bring about safety and transparency in tourism.

Čítaj viac

Animoca Brands continues shopping spree with MotoGP mobile dev acquisition

One of Web3’s leading digital property rights developers, Animoca Brands, announced yet another major acquisition to its increasing portfolio of gaming subsidiaries.The company announced the purchase of WePlay Media, which developed the popular blockchain-game MotoGP Championship Quest, on Sept. 16. According to the agreement, the acquisition is in an effort to bolster user engagement in motorsport mobile gaming. Graeme Warring, the co-founder and COO of WePlay Media and co-creator of MotoGP, called the acquisition an exciting development for both parties as they expand their reach to motorcycle fans across the globe.“Animoca Brands has the ability to reach hundreds of millions of users in core growth demographics to expand the sport’s fan base and create engagement opportunities for the riders, teams and sponsors.”Similarly, Yat Siu, the co-founder and executive chairman of Animoca Brands, highlighted the potential engagement boost of the acquisition of MotoGP and other motorsport-related games under Animoca.Related: Gamers want fun, not a grind fest for tokens — Animoca subsidiaryAccording to MotoGP’s latest Global Fan Survey, their community has high levels of engagement and interest in regular participation in competitive mobile gaming. It reported that 79% of all respondents from 16-24 years of age engaged in competitive gaming on a weekly basis, with 54% of fans based in the Asia-Pacific region.Animoca has shown to be highly invested in developing the motorsport gaming sector as it introduced a motorsport-based REVV token rewards ecosystem and NFT programs within the MotoGP game.Earlier in April of this year, Animoca also acquired Eden Games, which developed the Gear.Club, the Test Drive series and other popular racing games. In August, Animoca subsidiary Grease Monkey Games received funding to develop the blockchain-based motorsports game Torque Drift 2.This latest acquisition development comes after Animoca’s successful $110 million funding round led by Temasek on Sept. 8, from which it said it planned to make subsequent strategic acquisitions. Animoca has investments across the Web3 space in operations such as The Sandbox, Axie Infinity, SkyMavis and DapperLabs, among others. 

Čítaj viac

El Salvador's pro-Bitcoin president Nayib Bukele announces reelection bid

In an Independence Day live streaming event on Sept. 15, El Salvador President Nayib Bukele announced his bid for reelection after his current term ends in 2024.Bukele’s announcement comes even though past presidents in El Salvador were prohibited by law from having consecutive terms in office. The president highlighted that:”Developed countries have reelection, and thanks to the new configuration of the democratic institution of our country, now El Salvador will too.”Overall, Bukele shows signs of solid support, as a CID Gallup poll conducted last month revealed an 85% approval rating of his presidency and 95% approval of his governance in security matters.However, in light of the announcement El Salvadorians took to the streets in protest. Thousands of protestors pushed back against Bukele’s corruption and the integration of Bitcoin, among other matters found disagreeable during his presidency.EL PUEBLO MARCHÓ CONTRA @nayibbukele HOY #El15Marchamos Miles de personas se hicieron presentes a la marcha contra la corrupción de Bukele, por el Bitcoin, por los inocentes presos, por la falta de obras, contra la reelección inconstitucional, por las mentiras y engaños. pic.twitter.com/FVPton9hXn— Prensa Política (@PrensaPolitiSV) September 16, 2022During his presidency, Bukele introduced Bitcoin as legal tender in the country back in September 2021. The introduction of the largest cryptocurrency in the country recently hit its one-year anniversary, after a year of steady price declines.Despite introducing Bitcoin-centric educational programs such as “Mi Primera Bitcoin” – my first bitcoin- and being an example to neighboring countries like Columbia and Venezuela, the local population is not as keen on crypto as expected.Related: El Salvador ‘has not had any losses’ due to Bitcoin price dive, Finance Minister saysA national survey from February of this year showed that 20% of the population actively used the Chivo Wallet, El Salvador’s preferred crypto wallet, for Bitcoin transitions. Otherwise, more than double the number downloaded for the initial free gift of $30.Only 20% of polled business owners said they accept crypto payments, most of which were larger enterprises rather than small-scale shops.On the other hand, the adoption of Bitcoin as a legal tender has introduced a new type of crypto-tourist to the country, despite the bear market. According to official numbers, local tourism was up by 82.8% just this year.Critics continue to go back and forth on the topic of El Salvador’s usage and adoption of Bitcoin. Thousands may be protesting on the street against the policies surrounding digital currency. However, some still see it as technological and financial advancement for a developing country like El Salvador.

Čítaj viac

Ethereum community wastes no time minting PoS NFTs right after the Merge

The long-awaited Ethereum Merge has happened, and the community can’t sit still. Moments after the historic crypto event, one user minted the first ever nonfungible token (NFT) on the proof-of-stake (PoS) consensus.Officially the Merge took place on Sept. 15 at 06:42:42 UTC at block 15537393. The first announcement of the mint and sale of the NFT came shortly after at 07:08 UTC.The NFT, which is a time capsule of the moment of the first NFT mint and the iconic panda face, was quickly purchased at the price of 36 Ether (ETH).Someone just paid 36 ETH in gas to mint thisThe first minted NFT on proof of stake pic.twitter.com/zKUKI06EjH— Cirrus (@CirrusNFT) September 15, 2022Following the announcement of the first PoS NFT, crypto Twitter exploded with retweets and commentary. Community remarks ranged from “questionable decision making” to calling it “fire.” One user even questioned if the Merge panda is going to be the new ape, in reference to iconic Bored Ape Yacht Club personas.Related: Breaking: Historic day for crypto as Ethereum Merge to proof-of-stake occursAfter the news broke of the first NFT mint and sale, so began the avalanche of firsts for the new blockchain operating system.Sheldon Evans, the founder of the Web3 lifestyle brand Bloom, tweeted that the brand created the first official NFT collection to mint on the PoS network.A new beginning We are officially the first NFT collection on the #Ethereum proof-of-stake chain.Airdrop of the rest of the tokens will happen later today ‍ https://t.co/jGj0EwE1K9— SHELDON EVANS (Hiring) (@SheldonEvans) September 15, 2022

While some are proudly showing off their first minted digital assets and collections, others in the Ethereum community are proudly displaying their first purchases on the new system.update have made my first great purchase on this beautiful proof of stake network pic.twitter.com/cm5tOAdyVW— vcBacked_BOB_BOYLE (@Bob_Boyle_1662) September 15, 2022

Consensys, the blockchain software company of Joseph Lubin, is also encouraging community members to make their first transaction on PoS through minting one of their own commemorative NFT which celebrates the Merge.The Merge has also sparked creativity from big names such as Beeple, who created a Merge-inspired illustration of a large slowly forming Ethereum logo supported by scientists. Members of the Ethereum Foundation also got creative and composed and performed a song dedicated to the event.

Čítaj viac

Ethereum co-founder Vitalik Buterin celebrates the Merge: ‘Dream for years’

As the clock counted down to the final moments of the big Ethereum (ETH) Merge, co-founder Vitalik Buterin joined the “Ethereum Mainnet Merge Viewing Party” livestream hosted by the Ethereum Foundation to share his final thoughts.When asked if he was excited about the Merge, Buterin responded that he is “absolutely excited about being exited from the proof-of-work era.” The co-founder went on to say that the historic transition of the network from proof-of-work (PoW) to proof-of-stake (PoS) has been on the agenda for years.“[It] has obviously been a dream for the Ethereum ecosystem since pretty much the beginning. We started the proof-of-stake research with that blog post on Slosher back in January 2014.”The Merge can be seen as reinventing the laws of physics, according to Buterin. PoW operates with the usage of real-world functionalities such as electricity, hardware and computers. Whereas with PoS, everything is virtualized, “basically letting us create a simulated universe that has its own laws of physics.”Buterin said that among the biggest motivations for the switch are the high costs and the massive amount of energy usage. The Merge is said to drastically reduce energy consumption by 99.95%.Related: The ‘launch of a rocket’ — Observers on the future of Ethereum post-MergeHe also pointed out that not only will this be good for the environment, which has been a hot topic among environmentalists towards the crypto space, but also for “non-environmental externalities.” The example was given of the GPU price hike due to ETH mining.Shortly after Vitalik’s mini spotlight in the livestream, the Merge finally occurred on Sept. 15 at 06:42:42 UTC at block 15537393. The merging of the Ethereum mainnet execution layer and the Beacon Chain’s consensus layer took place at the Terminal Total Difficulty of 58750000000000000000000. After the Merge, the network no longer relies on a PoW consensus mechanism.Buterin congratulated the community and ushered in the next era of Ethereum via Twitter:And we finalized!Happy merge all. This is a big moment for the Ethereum ecosystem. Everyone who helped make the merge happen should feel very proud today.— vitalik.eth (@VitalikButerin) September 15, 2022These new optimizations allow developers and users to scale the network in ways not possible or that were unsustainable in the past. This is an important step in pushing the mass adoption of decentralized technologies and onboarding the next billion into the ecosystem. 

Čítaj viac

Získaj BONUS 8 € v Bitcoinoch

nakup bitcoin z karty

Registrácia Binance

Burza Binance

Aktuálne kurzy