Where To Spend Cryptocurrencies? The Most Popular Countries For Crypto Business
By Andrey Costello on ALTCOIN MAGAZINE
Bitcoin and other cryptocurrencies have gained a significant amount of attention all around the world. Here are some places where you can spend it.
15,558 physical businesses worldwide accept Bitcoin for payment, up 18% from a year earlier. But some companies still think that cryptocurrency is useless in traditional payments.
It is not so easy to spend cryptocurrencies on coffee or pizza anywhere you want. And yet the number of businesses that accept payments in crypto is growing steadily. Now more than 15,500 merchants around the world are ready to take your BTC as payment for their goods or services. According to Coinmap.org, this figure was 18 percent less last year. Let’s take a closer look at where and how digital assets can be spent.
Some Interesting Statistics
It turns out that the town of Ljubljana in Slovenia ranks first in terms of venues, where you can spend cryptocurrencies. More than 530 locations in Slovenia and Croatia accept crypto payments on a daily basis. Here you can spend your coins in shops, casinos, and restaurants.
Slovenia has a population of only 2 million, and the country is becoming a hub for crypto businesses. Ljubljana has more than 10 times the number of Bitcoin-accepting locations as does San Francisco after controlling for population.
Prague ranks second after Ljubljana, with Buenos Aires in third place. The list of the best cities for owners of cryptocurrencies includes Moscow, New York, and Madrid. Many firms are still refusing to work with Bitcoin or altcoins. The reason is that digital assets are too volatile. So far, they cannot serve as a good unit of account when buying goods or services.
Where Cryptocurrencies Are Most Popular?
The trends are the same as they were a couple of years ago. Cryptocurrencies are widely known in the US and China. They are catching up with the United Kingdom and a number of countries, which in the traditional economy are called “developing”. Maps of places where cryptocurrencies are accepted or used reflect two bright spots — the USA and the European Union.
Last year, the number of digital assets users has also been actively expanding in some developing countries, especially in South America. Bitcoin superstar use is expanding in politically unstable Venezuela and its more developed neighbors, Brazil and Colombia. In 2019, more and more young Africans are trying to use Bitcoin and cryptocurrencies as a source of income. According to Google Trends, South Africa, Ghana and Nigeria are among the top five countries where “bitcoin” has become the most popular search engine request. The surge of interest in crypto in both Venezuela and African countries is caused in many ways by the instability of national currencies.
Bloomberg wrote about how some of the money circulation functions in these regions are taken over by cryptocurrencies. Some countries are deliberately seeking to diversify their less powerful economies by enacting cryptocurrency and blockchain regulation legislation, thereby attracting investors and startups from around the world. These include Malta, Belize, Seychelles and a number of other territories.
Travel With Crypto
Travel and tourism companies are among the leaders in implementing Bitcoin as a means of payment. Most companies offer the same hotel and airline booking services.
Here is a list of the largest and most popular companies in the tourism industry:
- Expedia is one of the world’s largest online travel agencies that accept BTC payments for hotel and hotel bookings. In addition, in the future, services will be available to buy tickets, passes for various events, etc;
- AirBaltic is the first airline to start accepting Bitcoins for airline tickets in 2014;
- Webjet is a website where you can book everything you need for a great stay: tickets, hotels, cruises, car rentals;
- Virgin Group is the first commercial airline founded by Richard Branson to start accepting Bitcoin as a payment method, etc. Similar services are offered by CheapAir, Bitcoin Travel, Travel For Coins.
According to statistics provided by travel companies, the number of sales after adding bitcoin as a payment method has increased by almost one and a half times. Travel agencies themselves note that offering alternative payment methods is a great way to attract new customers. So, if you plan to travel and pay for Bitcoin superstar services, you will find travelforcoins.com service useful, where you can find a suitable company to receive BTC.
What to do if you run out of cash during your journey? You will have to use cryptocurrencies! To ensure that you always have enough BTC for any occasion, purchase cloud mining contracts at hashmart.io. It’s an easy way to earn Bitcoin without any headaches or equipment problems.