Well on its way to become a leading player in the field of smart solutions, the BTC company is converting BTC City into a BITCOIN CITY – the first of its kind in the world to provide its visitors, consumers and business partners with an ecosystem that will develop and integrate advanced technologies based on state-of-the-art approaches (blockchain, AI, VR, AR, ML and the world of cryptocurrencies). In this way, BITCOIN City will create an open society which will enable users to pursue their missions as well as develop their business environments in line with their wishes, needs and operating policies.
VIDEO: Introduction of Bitcoin City for SEMPLER 2018 award
The BTC company founded its own startup company BTC Phoenix, with a mission to develop innovative and applied solutions that will, based on state-of-the-art technology and trends of the future, integrate and create synergies between the digital and physical worlds, and as such provide all visitors and business partners of the BTC company with a new experience and effectiveness.
By integrating the latest technologies into the physical world, BTC City is turning into a genuine BITCOIN city which will be the first of its kind in the world to provide its visitors, consumers and business partners with an ecosystem that will develop and integrate advanced technologies based on state-of-the-art approaches, such as blockchain, AI, VR, AR, and so forth. BITCOIN City will enable all its visitors to pay for the services and products in the BTC City area with selected cryptocurrencies via the GoCrypto payment system. It will also provide them with state-of-the-art ATMs ensuring a bi-directional conversion of cryptocurrencies and euro, as well as a numerically strong blockchain and startup community composed not only of companies within the area of BTC City but also of many visitors and enthusiasts who co-create the future with their innovations.
With the new payment system GoCrypto, ATMs converting cryptocurrencies and fiat money (euro) as well as with its own blockchain and startup community, BTC City is transforming into the first BITCOIN city in the world.
Eligma, a startup headquartered at BTC City and co-founded by the BTC company, developed GoCrypto, a system for accepting cryptocurrencies at local and online stores. GoCrypto is rapidly developing into a global payment scheme, connecting cryptocurrency holders, exchanges and wallets with payment and cashier systems and merchants that would like to offer a wide range of payment options to their customers.
GoCrypto enables merchants to accept contactless cashless payments from millions of new customers – tech enthusiasts with various crypto wallets, like the Bitcoin.com Wallet and Elly (the first all-in-one mobile crypto wallet, developed by Eligma). The merchants receive settlement in their local currency; the transactions are instant, with no technical cryptocurrency knowledge or additional hardware necessary.
GoCrypto is an innovative payment solution designed in response to the needs of today’s consumers and merchants keeping up with future trends. It reflects the ambition of Eligma to transform the world of shopping with new payment solutions.
GoCrypto provides a new payment method for BTC City visitors and business partners. Completing the purchase with cryptocurrencies is very simple and not much different from making a purchase in euros. The Elly crypto wallet enables its users to transfer funds, check their accounts, track their transaction histories and view GoCrypto locations. They can put funds on the Elly wallet through a SEPA order and keep the funds in euro value if they so wish. The payment takes place without any contact between the salesperson and the customer. The wallet user simply scans the purchase QR code and the user identification takes place on the phone. Everything takes place in a fast, truly contactless way.
The concept of Bitcoin City, joined by an increasing number of merchants and business partners, has been developed by the BTC company since early 2018. A big role in its development was played by GoCrypto, whose testing took place at stores in the BTC City area. The first payment with Eligma’s crypto payment system took place in April 2018 at the Atlantis Water Park. Now, cryptocurrency payments through the GoCrypto infrastructure are accepted by more than 1000 locations, with more than hundred in the BTC City area, e.g. Sportina, BigBang, Žito and Burger King – the world’s first physical location of this chain accepting crypto as a payment method. GoCrypto is present at over 10 international markets, including in South America.
“Crypto future is a fabulous thing. Elly is cool, fast and, most importantly, always reliable.”
“As the director of one of the biggest trade, business and logistics centres in Europe, I am aware that being competitive means always keeping one step ahead of others. Our aim is to set a global example by becoming the first Bitcoin city in the world as well as by enthusing our users, consumers and buyers.”
“Thanks to the user-friendly, simple and easily accessible payment system GoCrypto, cryptocurrencies are becoming a part of everyday shopping experience.”
The area of Bitcoin City provides its visitors and business partners with ready access to cryptocurrencies every step of the way.
By means of state-of-the-art and technologically advanced ATMs converting cryptocurrencies to euros, we have ensured access to cryptocurrencies and their conversion to all visitors and business partners of BTC City.
Recognizing the importance of blockchain technology and integration, the BTC company encourages its development and acts as an active partner in its implementation. Bitcoin City hosts many enterprises developing business models that are based on advanced, blockchain-supported technologies.
Blockchain in payment system solutions
The Eligma company is exploring the vast possibilities of blockchain-facilitated payments by bringing the crypto payment scheme to another level. Blockchain is one of the fastest growing emerging technologies, with Eligma testing and implementing innovative blockchain solutions into the real world of mainstream payments. A part of Eligma’s mission is to combine several blockchain technologies, secondary layers, transaction channels and sidechain networks with a single homogenic cryptocurrency payment scheme with unified protocols and services. Eligma addresses crypto payments as a complex structure of events and rules, not just as a plain transfer of value. We combine the best from both worlds: the reliability and transparency of blockchain and the scalability and speed of centralized solutions.
Even more advanced generic features are explored within Eligma Labs, a spin-off company, dedicated to exploring the technical possibilities and limitations of blockchain. Storing complex data and business logic into a series of permanent scripts, storing database signatures and tackling digital identities – these are all fields of interest at this development company.
European Blockchain Hub
On Europe Day, 9 May 2018, the BTC company signed a letter of intent for the establishment of a European Blockchain Hub and thus became its co-founding member, alongside the Government of the Republic of Slovenia, Digital Innovation Hub, Blockchain Alliance Europe, Kenup Foundation, Adriatic Council, Consensys, Cotrugli Business School, STD Institute and Blockchain Lab: UM.
Blockchain in logistics
BTC City hosts numerous enterprises that develop blockchain technologies for a wide variety of areas. One such enterprise is OriginTrail, with which the BTC company cooperates in the field of logistics within the framework of the BTC Logistics centre. This is a unique form of development cooperation for the purpose of integrating blockchain technology into the logistics of fast-moving consumer products (FMCG).
Blockchain and startup ecosystem
In 2015, the BTC company and its partners crafted ABC Accelerator, with a primary mission to create a state-of-the-art business environment in Slovenia and provide innovative entrepreneurs with access to international investors as well as accelerate their penetration into the global market.
Since its inception, ABC Accelerator has attracted over 100 startups from 40 countries, 300 mentors and over 30 million raised investments. Among the crowd of startups which have developed their business models in ABC Accelerator, there are quite a number of those that have done so precisely with the help of blockchain and artificial intelligence technology. ABC Accelerator has expanded its business operations beyond the borders of Slovenia and has further strengthened its position among the most successful and penetrating accelerators in Europe by setting up offices in Germany (Munich) and the US (San Jose – Silicon Valley).