Coinify proudly took part in Bitcoin’s largest consumer festival, so here’s a few highlights we took away from the event…
The media have classified Bitcoin Funfair as the largest of its kind.
Exchanging to Bitcoin is quick and easy
Those who think that it is a hassle or even time consuming to convert to bitcoin could not be more wrong. Bitcoin is fast and easy! The festival organisers teamed up with several bitcoin exchange companies to set up Bitcoin ATM’s (BTMs) and exchange stands. Coinify’s Lasse and Mark set up a bitcoin exchange stand, and from their experience it took users on average less than 1 minute per exchange.
Shopping everyday items with Bitcoin
The festival’s visitors, once loaded with bitcoin in their wallets, freely browsed the festival’s stalls where the stands were selling clothes, home decor, jewellery, artwork, vinyls, face painting, food, refreshments and a range of everyday practical items in exchange for bitcoin.
The event also hosted workshops, live music, dance and theatre performances to compliment the fair as a whole.
One try is worth a million explanations
As the author of ‘Mastering Bitcoin’ Andreas M. Antonopoulos says, “Bitcoin is easier experienced than explained”. We fully agree.
The crowd came to share their thoughts of excitement and curiosity about bitcoin with us. Lasse and Mark have fully practiced their ‘what is Bitcoin’ pitch during the discussions with the visitors and ‘why to accept bitcoin’ with the traders. It was great to be part of many participants’ first bitcoin experience.
We also learned a lot from the traders who are considering bitcoin payments. They have fears of being restrained by holding the crypto-currency. Fortunately, this is not the case with Coinify as we allow our users to choose exactly how they want to be paid, that being in local currency, bitcoin only or a desired ratio between these.
Great place for mainstreaming Bitcoin
Every newly converted Bitcoin user means an addition to the ecosystem we aim to build. We believe that this process takes place on more fronts: the government, businesses, and the consumer. The fair provided a perfect opportunity for the adoption of crypto-currency by the local merchants and consumers.
In general, Coinify attends business conferences to introduce Bitcoin to the professionals in finance and related industries. However, it has been a worthwhile experience to spread the word about Bitcoin with the Funfair participants in a friendly one-to-one manner.
We want more Bitcoin Funfairs!
The Funfair was a huge success and definitely worthwhile participating. We would love to hear about more related events to come. Will it be our turn in Copenhagen this time?
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