An overview of how westerners have received Blockchain technology in the European zone

By Wirba Brice Divine Ransinyuy. [email protected]

Editor note: Title has been slightly updated

The blockchain technology and digital currencies have received a mixed feeling of happiness and Luke warmness. Though on a scale of one hundred percent, the feeling always turn out to be more jovial and much welcoming. This is typical the case of the blockchain technology and digital currencies in the European zone, not like other areas that the blockchain technology and digital currencies have been received with so much happiness and essentially as a way out of their weak and no value currency that suffers from constant drop of value leaving the people at the mercy of others. This is eventually the case of countries situated in Latin America and in the African continent. It is something for sure, certainly when the person behind this concept, Satoshi Nakamoto was inventing the blockchain technology and digital currencies like cryptocurrencies, he did not measure out the magnitude it was to have on the world as a whole. This is exactly the case and irrespective of what people say or think, the blockchain technology and digital currencies like cryptocurrencies have been received with so much love and enthusiasm. It is an undeniable truth and fact.

It is of no surprise that a nation like Switzerland has decided to join the rank of the list of those already using the blockchain technology and digital currencies. It is wise to note that Switzerland is among the highest developed countries in the world and moreover, it is a country with so much stability, be it in the economic aspect, political aspect and social aspect, giving the Switzerland country a good breathing ground for the usage of the blockchain technology and digital currencies. Moreover Switzerland is a very active country in the Fintech zone as the Swii official State-run postal service and also the telecom services brought out their point of vue and initiatives presented to the Swiss government stating their initiative to create a full and complete Swiss blockchain.

Laying a further emphasize on the approach by the Swiss, a company in Switzerland known as the Swiss’s SIX Exhange was actually the first exchange in Europe that hand a cryptocurrency ETF being approved. It is being known as HODL. As a result of this technological evolution and advancement, the Swiss banking system also decided to follow in this trend by exploring the blockchain technologies so as to really improve their various systems leading to high and stronger banking system and economic boost up in Switzerland and thereby spreading to other neighboring European nations.