In the first week of March, Bayside Corp (OTCMKTS:BYSD) released via its subsidiary firm Bitcoinz USA an open letter addressed to the Greece Minister of Finance. It focused on the adoption of Bitcoin as a system to stimulate economic growth in the nation. The company stated that the subsidiary firm believes adoption of crypto currencies like Bitcoin can witness huge success in nations such as Greece.

The details

Expressing the significance of crypto currencies, Bayside Corp stated that Bitcoin as a secondary currency can support the overseas selling and buying of services and goods, sustained tourism and travel growth and economic growth. The technology and system upgrades required to process Bitcoin payments is just a small expense in the grand scheme of things.

The significance

In the last one year, the number of merchants approving Bitcoin as payment for services and goods has grown aggressively across world. The trend for Bitcoin adoption is showing no indications of slowing down. Moreover, Bayside’s subsidiary understands that latest security issues connected to certain Bitcoin exchange have resulted in a negative shadow around all the forms of crypto currencies. However, the system seems to be changing now.

Changing trend

In last one year, Bitcoinz USA has taken several measures to assist people safeguard their Bitcoin with Vault 51. It can be defined as a secure offline storage platform for Bitcoin. Bitcoinz USA can assist Greece in its accumulation, adoption, and protection of Bitcoin crypto currency once Greece is ready for it.

The company

Bayside Corp (OTCMKTS:BYSD) is an American multinational firm that looks after multiple subsidiary firms engaged in a variety of business sectors and industries. At Bayside Corp. the management believes that the future is now and that the measures taken today will have a long term impact on generations to come. In last trading session, BYSD share price declined 8.33% to close at $0.00110.