22 January 2021
Bitcoin is the first and most popular cryptocurrency. Everyone who knows cryptocurrency or blockchain technology knows “Bitcoin”.The first Bitcoin was mined in 2009 and made its mark in the cryptocurrency space while it is steadily growing to be a part of the bigger picture of the digital currency world. Also now many of us would want to invest and store Bitcoin, while many have initiated accepting Bitcoin for payment and transaction. The interesting part is to learn that along with the international financial center; the small towns are also embracing the bitcoin space.
As per the article by the Bitcoin Market Journal - How Many People Use Bitcoin in 2020; over 5.8 million people are active bitcoin users in the world.
In this blog, we have listed the 10 Cities embracing Bitcoin in 2020 and are the Bitcoin Hotspots in today’s world:
Amsterdam is home to two known crypto companies - BitPay - payment service provider its European headquarters and Bitfury - leading mining software company.
The city has about a dozen bitcoin ATMs and over 30 businesses that accept Bitcoin such as the bike rental, an antique ring shop, a barber, and so forth, also the merchants in Hague, Rotterdam, and Utrecht accepts cryptocurrency.
2. San Francisco
San Francisco is said to be a center of innovation and the technology capital of the United States, also it is home to cryptocurrency trading platforms like the Coinbase and Kraken. It also holds conferences with the name of the Coin Congress and San Francisco Bitcoin Meetup.
Over two dozens businesses accepting bitcoin which includes a bakery, bars, restaurants, a psychiatrist vineyard, a business consultant and so forth, also it has 19 ATM places to buy bitcoin.
Also Read, Evolutionary Regulations of Cryptocurrency
Zurich is the leading financial center of Switzerland and one of the most liveable cities in the world.
It has about two dozens businesses that accept bitcoin and over 10 ATMs.
4. New York
New York is the financial and technical hub and the financial capital of the world. It is home to the crypto exchange named Gemini, Wall Street firms are part of exploring blockchain to use it as a tool for the finance industry, and hosts bitcoin conferences such as the Bitcoin Event at the La Guardia Community College.
It has over three dozen businesses and has 14 ATMs to buy bitcoin.
Coinfloor - a bitcoin exchange in the UK claims itself to be the longest-running exchange. London also has bitcoin and cryptocurrency meetup groups. The London Theatre District was one of the first ticketing companies that enabled the use of Bitcoin.
It has about 50 businesses that accept bitcoin payment and it has more than 130 Bitcoin ATMs.
6. Tel Aviv
Tel Aviv is the financial center of Israel and one of the leading cities for startups. The Israel Bitcoin Meetup Group is amongst the most active group of over 3,800 members.
It has more than a dozen businesses that accept Bitcoin and it has two Bitcoin ATMs.
Vancouver is a city in Canada which is also known as the ‘Bitcoin Capital’ where it is pretty common to see signboards that have ‘Bitcoin Accepted Here’ written over them. Canada has a strong bitcoin community and has a regulatory framework for virtual currency. It was home to QuadrigaCX - the defunct cryptocurrency exchange and was believed to be Canada’s largest crypto exchange. The operations of the exchange were ceased in the year 2019 and were declared bankrupt of about C$28 million in assets and C$215.7 million in liabilities. The world’s first Bitcoin ATM was started at Waves Coffee House in Vancouver in October 2003.
Vancouver has more than two dozen businesses that accept bitcoin and 40 ATMs to buy bitcoin.
8. Tampa, Florida
It has over four dozen businesses that accept bitcoin payment and it has 45 bitcoin ATMs.
9. Buenos Aires, Argentina
Buenos Aires in Argentina boasts the second most businesses of Bitcoin in the world. It is also called as the ‘Bitcoin Capital’ of Argentina.
It has over 100 businesses that accept bitcoin and about 11 bitcoin ATMs.
10. Ljubljana, Slovenia
The popular bitcoin exchange Bitstamp was founded by the Slovenians before it settled its operations in London and Luxembourg. It is one of the places for bitcoin investors and techie hubs.
It has about 200 businesses that accept bitcoin and four bitcoin ATMs.
Peter Theil, the Co-Founder Of PayPal quoted,
“I do think Bitcoin is the first [encrypted money] that has the potential to do something like change the world.”
Cryptocurrency is evolving and emerging in every unexpected corner, thus it is evident that Bitcoin soon will become the most trusted and adopted cryptocurrency.