Amid Turmoil, Greece Turns to Bitcoins

  • Philip Ryan
  • July 8, 2015
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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 Associate Editor of Bank Innovation. He worked as a web developer for the Fund for the City of New York for six years, and was an HTML developer at Ocean-7 Development back in the go-go ’90s. He has more than 15 years' experience in online journalism. He can be reached at

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