Joaquin Fenoy was wandering the streets of Athens Friday, doing his bit to ease Greece’s currency restrictions. He wasn’t handing out cash, but rather installing an ATM with a withdrawal limit of €1,000 (about $1,100). That’s €940 above the €60 daily ATM withdrawal limit the Greek government put in place to stop a bank run as its creditors decide the country’s financial fate.
There is one catch, though: You need to have the virtual currency bitcoin to use it.
Fenoy, 36, is the CTO of Bitchain, a four-month-old startup based in the Barcelona suburb of Sant Cugat del Vallés. He and his co-founders—Jordi Alcaraz, 39, and Miguel Alcaraz, 44—launched the company in March to build an international network of bitcoin-based ATMs manufactured by BTCPoint, a Barcelona/Silicon Valley company (and Fenoy’s former employer)…. Read more