Bitcoin Popularity Slowly Growing in Croatia

Interest in the virtual currency Bitcoin is slowly starting to grow in Croatia, as more and more retailers start to accept the digital money..

Bitcoins, which have become popular because of their ability to be used to anonymously purchase anything on the Internet, can now be used as currency in Croatia in 14 places, up from just 2 places last month. Bitcoin is decentralized digital money and is the currency of the Internet and is distributed worldwide. Unlike traditional currencies such as dollars, Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoins. As such, it is more resistant to wild inflation and corrupt banks.

One businessmen in Croatia who sees an opportunity in the new currency is the owner of a optomitrist in Split, Tomislav Vajić. Vajić’s shop is one of 14 in Croatia currently accepting Bitcoins, and with a few enthusiasts, he has decided to start Croatia’s first Bitcoin exchange in Croatia.

“It functions like a real stock exchange, and trades around 50,000 USD a month,” Vajić told RTL television, adding that he hopes that number to soon grow.