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'One currency change every generation,' how monetary skepticism spearheaded cryptocurrency adoption in Czechia

Published 02/10/2022, 03:50 PM
Updated 02/10/2022, 05:20 PM

Czechia, a country of 10.7 million people in Central Europe, is known for its beautiful capital (Prague), rich history and good beer. Within the last decade, however, one can now add cryptocurrency adoption to that list. In fact, the Trezor wallet, the first cryptocurrency hardware wallet in the world, was invented here in 2014 and is still going strong. Its parent company, SatoshiLabs, has expanded into creating secure chips for electronic hardware via Tropic Square and advancing cryptocurrency education via Invity.

What's more, the country also gave birth to the world's first Bitcoin (BTC) mining pool — Braiins (Slush Pool (NASDAQ:POOL)), with close to 1.3 million BTC mined since 2010. Then there's General Bytes, one of the world's largest crypto ATM chains, with close to 8,000 machines installed. Furthermore, the country's biggest e-commerce retailer, Alza, accepts BTC purchases and has been writing deep-dive articles on Bitcoin and technology in the past year.

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