Spain is Making the Case to be the Next European Nation in Line to Embrace Bitcoin and Blockchain


Even though we all know that Malta is leading the roost when it comes to crypto and blockchain technology, it now appears as though Spain too is housing a sizeable population (over 10% of the national total) of crypto enthusiasts who have invested in various altcoins and other similar financial offerings. In fact, a survey conducted by ING recently corroborates the aforementioned data as well as clearly demonstrates crypto’s rising dominance within the domain of conventional finance.

The Digital Currency Wave Continues To Sweep Europe

Over the past couple of years, more and more businesses have started to accept popular altcoins such as BTC, ETH, XRP in hopes of increasing their customer bases. For example, many tourists and altcoin enthusiasts have noted that in various places in and around Barcelona (including local pubs, restaurants, shopping centres), merchants have started providing patrons with the option to pay for their purchases via digital tokens.

If that wasn't enough, earlier this July, it was brought to light that around 5 Spanish-speaking universities spread across Europe too had championed educational courses that have been designed for individuals looking to study and dabble in a variety of niche’ areas such as:

  • Blockchain Utilization
  • ICO Development
  • Smart Contract Deployment
  • Crypto-economics.

Not only that, one of Spain’s oldest universities, the ‘Universidad de Alcaláone’ is also offering its students with the option of doing a Masters degree in ‘Ethereum Tech’ as well as ‘Blockchain Use’. Lastly, there is also an option to go do a six-month diploma course in many other Spanish, Argentine and Venezuelan universities related to blockchain and its associated technologies.

Final Take

Rounding off this article, it is worth remembering that earlier last month, the Spanish government had signed a bill which henceforth requires the country’s crypto holders to fully disclose their altcoin savings (to the nation’s financial regulator) so as to foster more transparency and safety within the nation’s current economic framework.

With that being said, even in the midst of increasing governmental pressure, more and more traditional banking institutions are coming forth and showing an interest towards many of the crypto-offerings available in the market today.

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