“Genuine Bitcoin City” To Be Established in Slovenia’s Shopping Metropolis

“Genuine Bitcoin City” To Be Established In Slovenia’s Shopping Metropolis

Slovenia is home to one of the biggest shopping destinations in the world, which is why it is no surprise that they want to bring forth cryptocurrency in the mix. As of June 4th, 2018, they are presently making strides to eventually become a “genuine Bitcoin City.”

The area already goes by the name BTC City as moniker, but it is home to 500 different retail stores that could benefit exponentially from this new innovation. Recently, the prime minister of Slovenia made a trip to the city to become more familiar with the use of bitcoin. To show how simple it is to use the different tokens, the state secretary used cryptocurrency in a transaction to purchase a coffee.

The Prime Minister’s Visit

Prime Minister Miro Cerar’s visit to Slovenia was primarily to the capital city – Ljubljana. The city thrives on the use of cryptocurrency as a result of the Point-Of-Sale system that Eligma established, which is the service that many of the retailers use. This integration is specifically so that the town can go by the name “Bitcoin City.” Eligma has commented before about how this whole community is integrating the use of blockchain, cryptocurrencies, and AI.

To provide more clarity, Eligma explained,

“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.”

The transaction that took place to purchase the prime minister’s coffee was performed with the use of the Elipay transaction system that is exclusive to cryptocurrency. The first time this system was successfully used with bitcoin was at the water-park in the area only two months ago. Elipay hopes to establish a loyalty rewards program soon with these advances.

Becoming A “Genuine Bitcoin City”

BTC was originally created as a warehouse and logistics enterprises in the 1950s, and they quickly expanded to locations all over Ljubljana over the next few decades. However, in 1990s, their area became known for its shopping options, and locals gradually adopted BTC City as the name. Since its origination, more big ventures have been added, including a hotel, a casino, and even a water park. Over 500 retail stores fill up the space, and the official website even says they are

“famous for being the largest and most popular European business, shopping, recreational/leisure and cultural center.”

The company goes on to describe their new entity as “the first of its kind” to offer all of these services with the use of blockchain, AI, and crypto technology. The BTC company wants this change to be a pivoting point for an open society in a business environment.

The plan on the BTC City’s website expresses how Elipay is already integrated with many of the retailers in the city. There are also ATMs that make it possible to take out cryptocurrency but with cash. BTC Company noted,

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

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