First physical business dedicated to the exchange of digital gold
Austria is a Central European state, a member state of the European Union, with capital in Vienna, this city is one of the oldest capitals in Europe, so it has an important artistic heritage, in turn Vienna is one of many cities that Have interacted with the world’s most named and quoted Cryptomonet Bitcoin, so much is the use of this cryptonnet that they have chosen to create a physical space called “House of Nakamoto”, the first real shop where you can buy this “digital gold”.
It is essential to mention that, the name of the store refers to Satoshi Nakamoto, the pseudonym that used the creator of the bitcoines.
“We wanted to bring the bitcoin, a coin that is on the Internet, to the real world,” explains , store manager, recently opened in one of the main shopping streets of the Austrian capital.
The current price of a bitcoin unit is around 930 euros and the smallest measure, the “satoshi”, equivalent to 0.00000001 bitcoins, that is, one euro is currently equivalent to about 107,000 satochis.
However, this currency is “digital gold” but also very “speculative” due to its “youth”, says Isbrandt.
“It was born in 2009 and its price can go up or down. The more participants (buyers and sellers) there is, the more value it will have,” says the young German economist.
It should be noted that the four employees of “House of Nakamoto” serve 50 to 80 people daily, says Isbrandt.
Likewise, potential customers come to the store interested in discovering this method of virtual payment, still very unknown.
Isbrandt says there are many people who feel lost at the idea of a virtual currency and that the great advantage of the store is that customers have a real person who informs them.
Bitcoin is a “transparent” payment system, where you can see the transactions that people have made since its inception eight years ago.
Undoubtedly, with this currency, according to Isbrandt, can be bought in all parts of the world without extra costs, without transactions and without intermediaries, besides being a currency that is not affected by inflation.
At the same time, it is impossible to “hack” it, because to remove the bitcoines requires a key 24 digits and to change the pirates have to “go through a million computers,” says Isbrandt.
Much of the financing for this store comes from the 4% commission charged to customers for “getting” bitcoins from the cashier and 8% eight percent they retain from the vouchers with which to then enter the money in your “digital wallet “.
In the case of higher transactions, the percentage of the store is calculated individually.
In Austria, bitcoin is considered a digital asset with which one can work without a financial license.
Warning: CryptoSolutions is not responsible for the opinions expressed in this article. The ideas and opinions expressed in this article do not represent a business opportunity of any kind and the reader should be properly advised before making a financial or legal decision.