Jittery Spaniards Seek Safety in Bitcoins

Piggy banks on sale in Valencia, Spain Photograph by Miguel Sotomayor

Since Sunday, a trio of Bitcoin apps have soared up Spain’s download charts, coinciding with news that cash-strapped Cyprus was planning to raid domestic savings accounts to pay off a $13 billion bailout tab. Fearing contagion on the other end of the Mediterranean, some Spaniards are apparently looking for cover in an experimental digital currency.

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