Berlin open arms to digital currency

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Unlike national currencies, Bitcoin is not backed by a central bank that can steady rates by controlling the money supply. Platzer said he was unconcerned by the fluctuations in value, arguing that people who were worried could always convert their Bitcoins back into euros. He predicted that more businesses in the Graefe neighbourhood would soon join Bitcoin, declaring, “Bitcoins are the money of the future.” #berlin

Cassandra Wintgens ceremoniously affixed the blue sticker with the thick, yellow “B” to the pane in the front door of her guesthouse-cum-cafe. “Bitcoin accepted here,” it read.

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