Germany breaks Crypto records
Germans stock exchange crypto app has passed 1 Billion euros in trading volume this year alone. Bison, the crypto exchange app is provided by Germany's second largest stock exchange, Boerse Stuttgart.
This is possibly caused by the pandemic and lockdowns all over the world. Germans are known to love originality, travel to exotic and uncharted territories, producing the finest things in life all while having a really good whole hearted time. With the pandemic it's not all that possible to go around as we like. One of the prominent events in Germany is the October fest, an even that goes on for about a week in Munich, Bavaria Germany. Oktoberfest is the largest volksfest in the world with about 6 million people from all over the world attracted to this massive event. There's beer, there's food all you can eat, there ladies and for the ladies there's gents, from Germany plus a good 6 million variety from the world incase you don't get a match??.
On top of the fine produces that Germany is known for, they have Mercedes Benz for cabs if it's not clear how much finer their taste is compared to the world.
It is no wonder why cryptocurrencies in Germany are not just financial products, cryptocurrency is legal tender, with an order by the Federal Ministry of Finance that allows making purchases with digital currencies without taxation, since cryptocurrency is considered equivalent to fiat. It's is entirely possible to set up cryptocurrency based businesses legally unlike in the USA amongst others. Time will tell the rest of this part of the story.
That was a bit about Germany on how Bison was traded volumes exceeding a billion euros. If it isn't clear then here it is - with the lockdowns, people (in Germany and from around the world) couldn't attend the biggest event that they have been planning to attend. In addition to that, cryptocurrency being legal tender, it's a clear recipe for success. Germans have patience, you wonder how they keep doing well in all aspects of life, think football, manufacturers, airways and so much more tells us just how Germans are actually teaching us how much patience contribute to long term success. With this embedded in their genes, it's only a matter of strokes then boom +1 Billion euros and still counting.
Ranking 4th in the world on the GDP chart it is obvious why Germany is one of the best countries to open up to cryptocurrency as a legal tender. Its a win win win for the European economy, the German people, the investors and the travelling digital nomads that will flock to Germany after the Pandemic. Time will tell the rest of this story.
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