Bitcoin ATMs in Greece try to attract tourists during peak season

Greece is world-renowned for its idyllic beaches and relaxing lifestyle, making the country one of the top tourist destinations in Europe. Before the outbreak of the COVID-19 pandemic, the World Travel and Tourism Council estimated that tourism accounted for more than a fifth of Greece’s gross domestic product.

This year, the country has welcomed a number of tourists during the summer tourism season. In the month of August alone, the country registered about 1 million points per week, according to the Greek Minister of Trade, Vassilis Kikilias.

A ForwardKeys report on summer tourism this year revealed that of the ten “sun and beach” destinations in Europe, six are in Greece. Including the islands of Mykonos, Thira (Santorini) and Heraklion (Crete) and Thessaloniki. Athens, the capital of the country, ranks third among the “urban” areas in Europe.

Of the 27 states of the European Union, Greece has the sixth number of cryptocurrency ATMs, with 64 devices for use. More than half of them are shared by Athens and Salonica.

However, Bitcoin ATM operator BCash has set up some of its ATMs in the country’s popular island locations: Mykonos, Santorini and Crete. Cointelegraph spoke with BCash CEO and founder Dimitrios Tsangalidis about the impact or impact of cryptocurrencies on tourism in Greece.

Although Mykonos and Santorini are the most visited tourist destinations, the ATMs on the mainland have the most traffic, such as Tsangalidis – especially in the town of Athens, where the first ATM was installed of the country, and Thessaloniki.

However, the founder noted that in Crete, the country’s largest island and a popular tourist destination, there is a “very loyal interest in cryptocurrencies.”

“There is a strong cryptocurrency community in Heraklion, Crete, [que é] where is one of our ATMs”.

In Heraklion, the capital of Crete, H2B Hub has partnered with the Greek language University of Nicosia to create and support a local blockchain community.

Athens and Thessaloniki have regular and regular meetings for the cryptocurrency and blockchain community.

Although tourism supports part of the Greek economy, according to Tsangalidis, it does not translate to cryptocurrency. “However, there is a difference,” said Tsangalidis.

“During the summer months and peak tourist season, demand drops. But we are in the middle of the crypto winter that happened earlier this year, so it is normal. “

Especially in terms of traffic, the decline can be compared to the departure of the country’s citizens during the holidays.

Overall, Greece needs to know more about cryptocurrencies and their usefulness in everyday life, Tsangalidis concluded.

“The power of local tourism will only be realized if there is a lot of use of cryptocurrencies in our society.”

He added that, for the time being, there are little or no systems or enforcement actions by businesses and government in the country. “If our government becomes crypto-friendly and businesses are given a green light, adoption will follow.”

In May of this year, the president of the National Tourism Organization of Greece, Angela Gerekou, said that the country is currently exploring how blockchain technology can bring security and information to the tourism industry.

Read it again

Leave a Comment

Your email address will not be published. Required fields are marked *