Vid: Wall Street's New Cryptocurrency Headquarters: Inside the Bitcoin Center NYC

Why does a virtual currency need a physical location?

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"I was in college, and now instead of going to college I'm doing Bitcoin," says Louis Parker, an entrepreneur who has set up shop at the Bitcoin Center NYC, a cavernous storefront in lower Manhattan's financial district that's fast become a central gathering spot for New York City's cryptocurrency traders, programmers, and enthusiasts. "There's no college class on Bitcoin, except in Cyprus, and I wasn't ready to move there," he says.

Every Monday night, Bitcoin traders hold a meet up called Satoshi Square, named in honor of Satoshi Nakamoto, the mysterious creator of Bitcoin, in which participants exchange virtual currencies for U.S. dollars. Before Satoshi Square relocated to the Bitcoin Center NYC a couple weeks ago, it was held in the shopping aisles of a Whole Foods grocery store on the Lower East Side.

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