The island of Jersey off the coast of France is being developed as the first location financed by Bitcoin currency. Although the island has a British Crown dependency, it is not part of the UK or the EU and it is self governing.
Bitcoin, a kind of virtual currency, is now accepted as a form of currency by a growing number of businesses. None accept only Bitcoin currency-yet.
The most popular digital currency, Bitcoin, was developed in 2009 by a programmer or programmers working under the pseudonym Satoshi Nakamoto. Today, it makes up the vast majority of the digital currency economy and has seen prices for each coin jump to $230 in April from $13 in January.