Amid Turmoil, Greece Turns to Bitcoins

  • Philip Ryan
  • July 8, 2015
  • 0

Financial crises have a way of helping people find cryptocurrency religion, and the turmoil in Greece is no exception. Over the weekend, demand from Greece apparently caused hour-long delays on what should be 10-minute transaction times. And yesterday was the cryptocurrency’s heaviest trading day ever, with the unrest in Athens apparently to blame. Bloomberg posted a video of bitcoin in action in the birthplace of democracy this morning.

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Philip Ryan is Senior Editor of Bank Innovation and Senior Director of INV Fintech. He began covering financial services in 2012 and has more than 15 years' experience in online journalism. He can be reached at

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