Bitcoin Bar 'Room 77' Shuts Down - TheCryptoCircle

Bitcoin Finds a Home in Cash-Loving Germany

This is the best tl;dr I could make, original reduced by 78%. (I'm a bot)
"It's a technology driven by anarchists who wanted to get rid of banks, and now the banks are promoting the technology," said Shermin Voshmgir, founder of BlockchainHub, a Berlin-based think tank that advocates for blockchain and the decentralized web.
Germany's Deutsche Bank AG and Bertelsmann SE, among the biggest investment banks and media companies in the world, are both looking to integrate blockchain into their operations, according to company insiders.
A 2016 study in the International Journal of Central Banking showed that Germans used cash for 82% of transactions and 53% of all payments by value-far more than American, British or French consumers.
Jörg Platzer, a German information architect with 30 years of experience, calls his Kreuzberg bar Room 77 "The first bricks 'n' mortar business ever [to have] accepted Bitcoin" and says the Stammtisch there on the first Thursday of every month is "The longest running Bitcoin meetup on earth as far as we know."
The excitement around cryptocurrencies and blockchain now reaches from that Berlin scene to the biggest bank in Frankfurt.
Blockchain "Is a fabulous enabling technology that will help optimize our existing business but more importantly will open up new revenue streams," said Thomas Nielsen, Deutsche Bank's chief digital officer for transaction banking.
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Lightning Network Will Drive Bitcoin to $250,000

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