Post
Topic
Board Bitcoin Discussion
Re: Crypto ATMs appears at Estonia
by
buwaytress
on 06/05/2019, 10:14:22 UTC
I've read that Estonua decided to set ATMs for cryptocurrency! Moreover, I heard that one European project is preparing to make cryptocurrency debit cards, which almost all over Europe can be used to pay as classic banking. So Estonia decided to be ahead again and put ATMs! That's what I understand a good business approach!
They went a revolutionary way long ago, changing their economy and service systems according to a scheme close to the blockchain. I am glad to know that they are moving forward and are trying to usefully integrate modern technologies. And they help the spread of cryptocurrency, although many people living next to such a progressive country do not even have an idea what and how it all works. And I am sad that I have such a situation in the country. I will probably go to Estonia

Yeah, it's probably a little unfair that countries like Estonia have an unwarranted reputation that makes it hard for them to attract FDI, even in fintech. Read about a UK fintech firm that decided to settle in the Netherlands (about 100++ firms started to do this preempting the Brexit fallout, even if now it seems No Deal is on the cards) simply because their existing clients would see Eastern Europe or the Baltics as undesirable -- despite actually no bad precedence in these countries (unlike Netherlands and other parts of Western Europe with a solid reputation for being the bad boys of tax evasion, for example).

Their e-citizenship, their voting system, their great exchange licencing system. All good examples of how far ahead of the curve they've been for a while.