Slovenia has a population of just 2 million but contains more
retail locations accepting bitcoin cash payments than the entire United
States. What makes this small country such a cryptocurrency adoption
leader? Watch the following video to find out.
Also Read: How to Exchange Your Amazon Gift Cards for Bitcoin Cash
Slovenia: The Crypto Country
A short new documentary on Bitcoin.com’s Youtube channel highlights
the thriving cryptocurrency ecosystem in Slovenia. The video features
some of the places where you can pay with bitcoin cash (BCH),
different Slovenian startups developing technologies for the market, as
well as Roger Ver going shopping to test out the country’s now famous
crypto-friendly locales.
One of the major factors in making Slovenia an international
cryptocurrency adoption hub is its welcoming regulatory attitude. The
documentary shows that not only is the possession of digital assets
legal in Slovenia, but capital income from trading cryptocurrency is not
subject to income tax for individuals.
In addition, the country’s political leadership is open and receptive
to innovation, as shown in the video by the former Prime Minister Miro
Cerar. All this makes the country particularly attractive to
entrepreneurs in the growing digital asset industry.
Solving the Enigma
According to the documentary, the single biggest reason hundreds of
Slovenian retail locations have begun accepting cryptocurrency payments
is Eligma. This is the startup that developed Elipay, a transaction
processing system that enables in-shop mobile purchases with BCH, BTC, ETH and its own ELI token.
The prime example of this comes from a giant shopping center called BTC
City, in the Slovenian capital of Ljubljana, where many of the stores
now accept cryptocurrency payments through the Elipay system. It shows
that there is a growing trend for actual usage in Slovenia, as the
number of Elipay wallet users already exceeds 15,000. The video also
mentions that the Elipay system now accepts payments from the
Bitcoin.com Wallet app, allowing the owners of the more than 4 million
user-generated wallets to make in-store purchases in supporting
locations.
What do you think about Slovenia being such a
cryptocurrency adoption leader? Share your thoughts in the comments
section below.
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