PRIME ADS
Experto Splashes Through The Swimming Pool Industry
See on p. 22
News Making Money
3 July, 2017
http://www.finchannel.com
How can Georgian economy benefit from bitcoin? Irakli SHALIKASHVILI ISET
F
or the first time in history, the price of Bitcoin broke its highest record (Figure 1) rising above 2,900 USD during the last week of June, 2017. One of the reasons why the market unexpectedly became optimistic about Bitcoin could be the fact that in April, the Japanese government formally accepted1 the cryptocurrency as a mean of exchange, which gave it more validity in Asia’s richest economy. Moreover, there has been significant growth of international money transfer services that use Bitcoin in order to move currency from one country to another. An ad-
ditional interesting turn of events is the broad acceptance of Bitcoin in the U.S. For example, in the educational sector, the University of Ohio is hosting classes about Bitcoin and other cryptocurrencies as a part of its curriculum. Likewise, some colleges have begun to accept Bitcoin as a means of payment. The recognition of digital currency has already led to some companies thinking about profitable investment opportunities in Bitcoin, which fuels its journey to the mainstream. But, before going in deeply and analyzing the dynamics of the market, first let’s find out what Bitcoin is and how it works. Continued on p. 6
PASHA Bank Pays Double Attention to Green CSR Activities in Georgia See on p. 8
Tips for Going Green
Zarapxana to Promote Rich Georgian Jewellery Traditions Abroad
See on p. 9
See on p. 17
The ProCredit Group Environmental Management System See on p. 19
Weekly Market Watch
By Galt & Taggart See on p. 21
CURRENCIES 1 USD 1 EUR 100 RUB 1 TRY
July 1
June 24
2.4036 2.7408 4.0581 0.6831
2.4110 2.6921 4.0425 0.6878
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