Slovenia’s BTC City to become a ‘Genuine Bitcoin City’

The largest shopping area in Slovenia is to become a “genuine Bitcoin City”: BTC City stretches 475,000 square meters and is filled with 500 stores
04 June 2018   1521

Recently Miro Cerar, the Prime Minister of Slovenia, visited BTC City, a wide business and shopping center in the capital city of Ljubljana. Fintech startup Eligma has constructed a point-of-sale system that is being used in a number of retailers in BTC City, in order to convert it into a “Bitcoin City.” 

The purpose of his visit was to open the Beyond 4.0 international conference, dedicated to digital society and blockchain, as well as to get acquainted with BTC City’s strategy to become Bitcoin City.
AI‐Driven and Blockchain‐Based Cognitive Commerce Platform

The startup reported thet during the morning meeting, Cerar received “a cup of ‘crypto coffee’ bought for him by Slovenian State Secretary Tadej Slapnik through the Elipay cryptocurrency transaction system”. In April, the first efficient use of the Elipay wallet at the city was to pay with bitcoin at the complex’s waterpark. Eligma also declared that in the near future the app would also be able to use bitcoin cash and Elipay’s own loyalty rewards token.

With over 500 retail shops, BTC City’s website characterizes itself as “famous for being the largest and most popular European business, shopping, recreational/leisure and cultural center” in the country. BTC company supposes that “Bitcoin City will create an open society which will enable users to pursue their missions as well as develop their business environments in line with their wishes, needs, and operating policies.” 

The development of BTC City into a Bitcoin City is an important step towards the realisation of BTC’s openness-oriented strategy, providing its customers and business partners with freedom and choice regarding their purchases with new forms of payment.
BTC City,
Company, Ljubljana, Slovenia

As claimed on BTC City’s website, Eligma’s Elipay is set in some shops within the city such as Atlantis water park, Al Capone, Babadu, Bijoux modni dodatki, Big Bang, istyle, Vodno mesto San Martino, Sneakers, Minicity, and Kibuba. One-way cryptocurrency ATMs on the premises are also presented in the trading area, as well as a Blockchain Think Tank.

BTC Invesment Profitability to Exceed Traditional Assets

This conclusion was made by Binance Research team in study "What Bear Market?"; since begining of the year the BTC has grown by more than 50%, while oil by 33%
08 May 2019   320

Since the beginning of the year, Bitcoin has grown faster than traditional market assets, including oil, technology companies, real estate and gold. This conclusion was made by Binance Research in the new study "What Bear Market?"

Since the beginning of the year, the price of Bitcoin has grown by more than 50%, while oil - by 33%, tech stocks - by 18%. The price of gold in five months slipped by 1%.

Recently, however, some factors have emerged that may put pressure on the price of Bitcoin. Thus, the recovery of BTC growth slowed down somewhat amid news of a hacker attack on the popular Binance exchange itself, as a result of which 7,000 BTC ($ 40.5 million) were stolen.

Another potentially negative factor for the price of Bitcoin could be the upcoming IEO of the Bitfinex exchange, where Tether stablecoins will be used to purchase LEO tokens for $ 1 billion. It can lead to situation when large players can may actively sell BTC.