Helsinki played host to the first Bitcoin for fiat transaction in 2009 — 5050 Bitcoin for $5 — 6 months before Pizza Day. Crypto City Guide.
This “Crypto City” guide looks at Finland’s crypto culture: The most notable projects and people, its financial infrastructure, which retailers accept crypto, and where you can find blockchain education courses.Situated on the Gulf of Finland, Helsinki is the capital of Finland and is arguably the world’s most northern metropolis, with 1.5 million people — 30% of the country’s population — calling the metro area home.
The “crypto community” in Helsinki and Finland is somewhat disorganized and divided, with many enthusiasts being interested in one facet — be it Bitcoin, NFTs, or Web3 — without embracing the whole, and thus having few common threads. Still, a certain grassroots energy is evident.Paying with Bitcoin is not common in Finland, where card and app payments dominate.
This year’s events have included the Web3 Bash in late April, followed by the Aurora Nordic Web3 Conference in June. On June 6, the BRIDG3 Blockchain summit was held at Tampere’s Nokia Arena, focusing on Web3, the metaverse and decentralized autonomous organizations.The Finnish Bitcoin Association was established on May 6, in an event attended by Magazine, with membership fees paid primarily with Bitcoin via the Lightning Network.
A euro stablecoin has also been developed in the city. Membrane Finance’s EUROe was launched in February 2023 and is designed to be an “EU-regulated full-reserve stablecoin” that is compliant with recent legislation. While this is notable considering the relatively few operational euro stablecoins, volume remains low at approximately $20,000 per day.Helsinki native Anita “Krypto Granny” Kalergis spends most of her time in Dubai, where she organizes blockchain conferences.
As one may notice from this article, the term “Web3” is preferred, presumably due to its distancing from the negative stereotypes of cryptocurrency.
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