Greek interest in bitcoin spiked earlier this summer amid fears that Greece would exit the euro, resulting in a price surge for the world’s most expensive cryptocurrency. Marinos claims to have received requests from 300 shops in Greece for bitcoin ATMs to be installed on their premises, with plans for the first ATMs to be rolled out in October.
“During times of economic uncertainty, people invest in safe havens such as gold,” said Bitcoins Greece founder Elenu Varela in a recent interview with IBTimes UK. “Nowadays, digital assets like bitcoin have joined that asset class. Because cryptocurrencies are global and do not rely on a healthy banking system, it is logical for people to stockpile them in times of uncertainty.”
Originally appeared at: http://www.businessinsider.com/greece-to-install-1000-bitcoin-atms-2015-8