Elipay opened the first location in Croatia

South-East Europe Treats Cryptos as VAT Free

Yesterday, Elipay opened the first location in Croatia. The grand opening took place in city of Opatija, mostly known of tourism and luxury. The first Elipay transaction in Croatia took place at the five-star Navis Design Hotel and was performed in Bitcoin Cash by one and only Roger Ver.

The owner of Bitcoin.com and the leader of the Bitcoin Cash movement, is visiting Slovenia and Croatia in the scope of the partnership between Eligma and Bitcoin.com. Great news for all Bitcoin.com enthusiasts: at all 300+ locations accepting Elipay, you will now be able to pay with the Bitcoin.com Wallet in Croatia as well.

Roger Ver as a Pioneer Crypto Tourist in Croatia

Nowadays, we are witnessing a number of tourism companies are launching special, dedicated travel programs to cater to the needs of crypto and blockchain enthusiasts. Most of such travel programs include cruises, which offer a host of amenities dedicated to cryptocurrency participants.

For countries depending on tourism as are Croatia and Slovenia, but also other countries – this may be a real deal. Both of these countries have been riding high waves with the adoption of virtual currencies.

Eligma started to be popular as the first “Bitcoin City”. Bitcoin City came as the result of infusing one of Central Europe’s largest and most important commercial, shopping and logistic areas, BTC City, with the latest technologies and innovations in order to create the shopping and service experience for the next generation. Its area is home to a high concentration of leading blockchain technology developers and startups, guided by Eligma.

Eligma’s CEO Dejan Roljic explained that the company first met with Roger at DELTA Summit in 2018.

He then said:

“From that point on we started to look in the same direction. In Japan we made a big deal together where we partnered on multiple levels and you will hear about it in upcoming days and weeks. I can only say that the creation of a non-custodial wallet will be possible inside the Elipay, Elipay POS will accept the Bitcoin.com Wallet, new Bitcoin CitiesTM will be established and much more will be revealed.”

He also added that Eligma has also been in contact with Slovenia’s central bank for the inclusion of the euro within its services.

He explained:

“In addition to the use of crypto for shopping with the Elipay system, the Bank of Slovenia has also approved euro value to be added into Elipay by means of credit / debit cards and SEPA.”

After Ver made his purchase at the Navis Design Hotel, he decided to spend some BCH at one of the largest Slovenian stores “Tuš market”. He was actually the first individual to pay with crypto at the store using the Bitcoin.com Wallet and Elipay service.

The growing Elipay family was joined by one of the biggest Slovenian retailers, Tuš! The first #crypto purchase there was performed by legendary @rogerkver with https://t.co/pqFZFXWKCW Wallet and Elipay! #GoCrypto #BitcoinCash pic.twitter.com/0luR6tB1d0 — GoCrypto (@eligmacom) May 20, 2019

Croatia and Slovenia as Cryptocurrency Haven

With the recent push in Croatia and Slovenia, BCH and other cryptos have more merchant acceptance to rely on.

As we all know, Ver has been pushing bitcoin cash adoption nearly everywhere he goes. Recently he announced the Tokyo-based Alliance Cargo Direct would be adding BCH and the SLP token ACD at thousands of online and brick-and-mortar retailers. With Eligma Ver is successfully widening his network all through all the European region as well.

Recently, an association of blockchain and crypto-enthusiasts called Udruga za Blockchain i Kriptovaluate [UBIK] was initiated in Croatia. This association will primarily advise regulators on crypto-trading and crypto-payments within Croatia. Additionally, UBIK will also assist its members with legal, technical, and financial support to allow ease of regulatory pressure.

In Slovenia, the law says:

“If companies issue crypto tokens, for which we do not know, for which products and services you will be able to replace them in the future, are not subject of VAT.”

As per the Croatia cryptocurrency regulation review, crypto-related action in this region has a 6.8/10 safety rank. Nowadays the status of Bitcoin in this region is legal.

Europe has seen a wave of regulatory development with blockchain and crypto-centric associations of-late. With the creation of the International Association for Trusted Blockchain Applications [INATBA] policy-makers, regulators and civil stand setting organizations can work closely with leading DLT companies.

A host of prominent crypto-companies are founding members of the association, including Ripple, Ledger, R3, IBM, Swift, Cardano, Accenture and more.