First bitcoin embassy opens in United States
The Atlanta Bitcoin Embassy offers tailored crypto services, such as wallet recovery and training seminars.
The Atlanta Bitcoin Embassy, a central organizing hub offering numerous cryptocurrency-related services, has had its soft opening in the US state of Georgia, with tentative plans to officially launch in April this year.
The embassy was established by American Institute for Economic Research (AIER) editorial director Jeffrey Tucker. The idea to create this type of institution came to Tucker following a trip to Tel Aviv, Israel.
I got to [Tel Aviv] and knew of ten thousand things I should see in Israel, but my honest reflection drew me inexorably to the Bitcoin Embassy that I found from googling. It is across from the Tel Aviv stock exchange. It is not a fancy place. What makes it magical is the intelligence there and the ethos. A hugely diverse crowd is always coming and going, some experienced crypto people and lots of newbies. The atmosphere of teaching, sharing, and mutual inspiration is constant.
Jeffrey Tucker in a recent interview with news.bitcoin.com
Tucker, a self-confessed enthusiast, organized the first crypto conference in the US, aside from bitcoin’s core development team events. The Crypto-Currency Conference he lead was held in Atlanta during October 2013.
The embassy aims to be a facilitator and platform for teaching, training, and networking on the topics of bitcoin, cryptocurrencies, cryptoassets, and blockchain technologies, according to the organization’s website.
Many people at the embassy are volunteers. The Atlanta Bitcoin Embassy also offers tailored cryptocurrency services, such as dedicated wallet recovery and specific training seminars on how to properly use virtual exchanges, cold storage, digital wallets, as well as opportunities for social and professional networking.
The embassy is located in a co-working space in Midtown Atlanta, the city’s second largest business district. Atlanta is home to a proactive crypto community. There are numerous bitcoin ATMs scattered throughout the capital, regular cryptocurrency meetups and payment processor BitPay has headquarters in nearby Alpharetta.
“Anyone can visit as a guest but the space has to let you in with minimal registration at the front desk,” Tucker said. “That makes sense to me. WeWork [co-working space] also has all the essential infrastructure: coffee, sofas, screens, parking, 24/7 access, and plenty of wine and beer for late night hangouts.”
The median transaction fee for bitcoin trades slipped to a 10-month low of $0.52 last week, after peaking at an all-time high of $34.09 in late December last year, according to the latest cryptocurrency fees charts.
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