Bitcoin is a decentralized network with a clear set of rules that allows for efficient money transfers via the Internet, making it a viable alternative to central bank-controlled fiat money. For years that cryptocurrencies have been around, Bitcoin remains the world’s largest cryptocurrency and a large number of retailers and venues are prepared to take it as payment today.
This year, El Salvador was reported to become the world’s first country to adopt Bitcoin (BTC) as legal tender. Meanwhile, Mayor Francis Suarez of Miami is claiming to make the city a “clean energy” Bitcoin mining hub.
As the crypto world continues to develop, especially Bitcoin, its adoption becomes inevitable in many places. There has been a growing number of merchants accepting BTC in each city, as well as the number of available Bitcoin ATMs. In this article, we will look at which cities are now leading the way in adopting cryptocurrency.
Amsterdam
Bitfury, a mining gear manufacturer, and BitPay, a payment service provider, both have offices in Amsterdam. More than 30 businesses take BTC in the capital city, including a bike rental, a barber, and an antique ring shop.
There are roughly a dozen Bitcoin ATMs available to the city’s over 870,000 citizens. Cryptocurrency is also accepted by merchants in Utrecht, Rotterdam, and The Hague.
Buenos Aires
In the 2.9 million-strong metropolis of Buenos Aires and its environs, more than 100 shops accept BTC, and there are 11 Bitcoin ATMs. Bitcoin has so far gotten a warm reception in Argentina, a country known for its many problems in currency and debt.
Ljubljana, Slovenia
Ljubljana is Slovenia’s capital and largest city, but it is also the smallest on our list, with a population of around 289,000 people. Bitstamp, a popular bitcoin exchange, was started by Slovenians before expanding to Luxembourg and London. There are four Bitcoin ATMs in Ljubljana and over 200 merchants who claim to take BTC.
London
In 2021, London was the only city in the UK with more than 100 Bitcoin ATMs, but Birmingham and Manchester also had similar installations. There were roughly 230 bitcoin withdrawal machines in the United Kingdom, with many locations having only a few of these machines.
They vary from typical cash machines in that they do not link to a bank account, instead directing customers to a Bitcoin wallet or exchange. They can transform actual money into digital money in this manner. Although the United Kingdom ranked third globally in the number of Bitcoin ATMs, it has far fewer than Canada and, particularly, the United States.
New York
The 8.4 million individuals who live in the financial and tech hub may spend BTC at around three dozen shops in the five boroughs and purchase BTC at 14 ATMs. The Gemini exchange, created by the crypto billionaire twins Cameron and Tyler Winklevoss, is based in New York.
San Francisco
More than two dozen businesses, including nine restaurants, a bakery, and two pubs, accept BTC. There are 19 ATMs where 880,000 locals may purchase BTC. Coinbase and Kraken, two cryptocurrency trading platforms, are based in San Francisco.
Tel Aviv
In a population of 451,000, Israel’s financial hub and one of the world’s top cities for start-ups, more than a dozen shops are taking BTC and two Bitcoin ATMs. With over 3,800 members, the Israel Bitcoin Meetup Group in Tel Aviv is one of the most active in the world.
Vancouver
In Canada, there is a significant Bitcoin ecosystem, and the country has taken regulatory moves to accept the virtual currency. In Vancouver, more than a half-dozen businesses accept BTC. Nearly 40 ATMs sell BTC to over 631,000 locals. On October 29, 2003, the world’s first Bitcoin ATM opened its doors at Waves Coffee House in downtown Vancouver.
I am ready to start my Bitcoin trading journey. So, how do I go from here?
Bitcoin trading has a lot of advantages, but it also has a lot at stake, including the possibility of losing money. Continue to be interested in cryptocurrencies and educate yourself on them. To begin, you may create an account on the Bitcoin Loophole platform to make your trading experience more convenient.