“‘In our neighborhood there are a few dozens of bitcoin-accepting businesses by now and a bitcoin-based economic cycle starts to develop,’ says Joerg Platzer, owner of Room77 and principal of the Crypto Economics Consulting Group in Berlin. ‘I do not have to change the bitcoins we take in back into euro. I can pay my beer supplier, my printer and other goods and services with it already. We call it our ‘alternative local currency with global reach.” In Switzerland, Matonis says Bitcoin is being considered for a three-digit ISO currency code (XBT)—a code that most online currency conversion tools already utilize.”
