Get To Know The10 Cities That Are Bitcoin Hotspots
Heading out for a dinner, and paying in Bitcoins?
Why Is Bitcoin So Popular?
Heading out for a dinner, and paying in Bitcoins? Decide on Ramen Underground in San Fransisco. Going for grocery shopping with Bitcoins, check out Spar in Arnhem, the Netherlands. Even though Bitcoin is the best known of the cryptos., it is not without controversy while one fact is indisputable that more and more venues accept it. Here we take a quick review of the cities that are at the forefront of embracing virtual currency.
How to Measure Bitcoin Adoption
In demining the list there were several different metrics used that include the number of Bitcoin merchants in the city, also the number of Bitcoin ATMs, whereas the population size relative to Bitcoin activity again. Allowing you to view current Bitcoin-accepting businesses by city or country are the Bitcoin maps offered collaboratively on coinmap.org. Similar to this is the locations of Bitcoin ATMs across the world as shown in CoinATM Radar.
The following are the 10leadincities ranked in the order of strongest Bitcoin presence.
- San Francisco, U.S.
Figuring a role in the list is California’s tech Mecca as the city currently has 177merchnats accepting Bitcoin as also 29 Bitcoin ATMs. With a relatively small population of 837000, San Fransisco has startups such as Coinbase who is deemed to be the world’s most popular Bitcoin wallet.
- Vancouver, Canada
Being the first country to sign an official law regulating the virtual currency, Bitcoin comes with a strong community in Canada. Boasting 86 Bitcoin-accepting merchants and 48 Bitcoin ATMs, Vancouver with a population of 578,000 inaugurated the world’s first Bitcoin ATM with headquarters of the Quadriga CX Bitcoin exchange.
- Amsterdam, the Netherlands
With 74merchnats accepting Bitcoin and one Bitcoin ATM for a population of 779,000 the capital city of Netherlands is robust. While the nearby cities Utrecht, as well as the Hague, are havens of crypto, Amsterdam is home to leading Bitcoin startups including BitFury and BitPay.
- Ljubljana, Slovenia
While counted as the smallest city in the list, with a population of 272,000 Ljubljana boasts 51 merchants and 5ATMs, with the prominent Bitcoin exchange Bitstamp headquartered in Ljubljana.
- Tel Aviv, Israel
This city that comes as Israel’s financial center and one of the leading cities for startups,has58 merchants that accept Bitcoin along with four Bitcoin ATMs with a population of 404,000. Tel Aviv is the world’s most active Israel Bitcoin Meetup Group with 1785 members.
- Zurich, Switzerland
A leading financial center and the largest city in Switzerland, Zurich has 64 merchants accepting Bitcoin along with 8 ATMs serving the country’s population of 366,000.
- Tampa, U.S.
With a surprising 93 merchants who accept Bitcoin and that which is more than most of the largest cities in the US, this Florida city of 352,000 has 13 Bitcoin ATMs.
- Buenos Aires, Argentina
This is the most popular city in South America as it owns 130 merchants accepting Bitcoin with three Bitcoin ATMs, serving the city of 2.9million people. Bitcoin was given a warm welcome as the country is faced currency crisis,
- New York, U.S.
With 122 merchants and 117 ATMs, the Big Apple caters to a population of 8.4 million as it is the financial and tech hub home to Bitcoin startup Coinsetter which is a Wall Street built Bitcoin exchange.
- London, U.K.
With 88 merchants and 74 ATMs, this United Kingdom capital, as well as a global financial powerhouse, serves 8.3million residents. The London based startups include Coinfloor, a Bitcoin exchange, and Elliptic, a Bitcoin vault. Currently, the largest in the world with 2311members is the London Bitcoin Meetup group.
In terms of Bitcoin acceptance and cryptocurrency interest are the cities in addition to those listed above where certain regions become crypto hotspots. Included in these cities are Cyprus and Malta as well as countries experiencing economic uncertainty with volatile currencies like Venezuela and Zimbabwe.
Summing Up The Discussion
Making substantial strides towards becoming the world’s first global currency, Bitcoin has gained traction since its origin in 2009. It suggests that the virtual currencies are here to stay on account of the impressive rate of adoption. It is interesting that smaller towns too have embraced Bitcoin along with international financial center cities. This points to the fact that these currencies are becoming a household name with Bitcoin being on the forefront leading the race. Stay tuned and there is more to be offered as technology keeps evolving. Bitcoin is surely destined to be the currency of the future.