In a regular phone discussion with friends due to quarantine, I often discuss the Nations, the World’s economic inflations, and deflation. I collect more data because it is very interesting for me and I follow daily current affairs to produce real pictures in my articles. In this context, one of my friends asked me a question about Cryptocurrency? What are the Most Crypto – friendly cities around the World? Is there any country that really accepts cryptocurrencies or just still regulations are under process? But It took some time for me to come out of discussions about Cryptocurrency.
I thought to give a better understanding of her and people who have the same question. With due diligence, I did the thorough groundwork and found below names which are crypto-friendly. Before jumping into the subject, know a little brief about Cryptocurrency.
A cryptocurrency is a digital currency produced and operated utilizing sophisticated techniques of encryption, also known as cryptography.
The cryptocurrency industry, along with the blockchain technology that accompanies it, has entirely transformed the expectations we have about capital, traditional banks, and buying goods from a simple idea to one of the most significant forces in the financial world.
Below I have mentioned down a list of crypto-friendly cities where you can spend your coins with no worries. Here we go:
San Francisco, California
The city has more than 870,000 people, over 60 ATMs accepting crypto-conversions, and over 100 merchants facilitating crypto-currency payments. Being regarded as one of the leading innovation hubs in the world, it’s no surprise an innovative technology like blockchain is available here. Coinbase is based in San Francisco, along with several other cryptocurrency and blockchain firms, one of the most popular cryptocurrency trading sites and the developer of one of the most stable cryptocurrency wallets.
New York City, New York
New York is home to over 100 retailers endorsing Bitcoin and other transfers in crypto-currency. There are also over 150 crypto-ATMs scattered across the area. In New York, several crypto-startups launched. Coinsetter was founded in New York back in 2012 as one of the oldest Bitcoin exchanges. New York also has its digital currency, the New York Coin. It does have a market cap of just $3.65 million.
Zug is a tiny town and is home to fewer than 30 000 residents. This city is frequently featuring in the news about blockchain and cryptocurrencies. This is considered one of the most technically sophisticated cities on a global scale. Several large blockchain firms are headquartered here, with Zug gaining the “Crypto Valley” nickname. Last year, this city hosted the notorious Tezos ICO.
The light regulations for cryptos and ICOs, as well as its government’s positive stance towards software companies, render Canada one of the most accepting blockchains and cryptocurrencies countries. Toronto has been one of the crypto friendliest cities in the world, and it houses a variety of productive crypto companies. One example is Decentral, the organization that produced Jaxx, a well-established wallet for the cryptocurrency. More than 200 crypto ATMs are now scattered throughout Toronto, according to Coin ATM Radar results. It is one of the most significant numbers of ATMs located worldwide in any region.
Buenos Aires, Argentina
Even Buenos Aires organized the first-ever Bitcoin conference in Latin America. The meeting, “Bitcoin Day,” took place last year in April. Furthermore, companies such as SatoshiTango, Ripio (formerly BitPagos), and Buda consider this townhome. Athena Bitcoin, an American Bitcoin ATM service, announced earlier this year that it plans to set up the first Bitcoin ATMs in Buenos Aires.
Amsterdam has made considerable strides about the introduction of cryptocurrencies. The town is home to the Bitcoin Embassy, too. The Bitcoin Embassy in Amsterdam is where they actively engage the crypto community in their efforts to promote Bitcoin. As of 2015, Amsterdam has launched its Bitcoin Boulevard, a street where most retailers consider Bitcoin as payment for their goods and services. The region is home to over 40 Bitcoin-accepting retailers, as well as other crypto ATMs. Besides, several crypto companies and ICOs set up their corporate base in Amsterdam, which is considered one of Europe ‘s wealthiest cities for software startups.
The final verdict is that many cities all over the world have begun to embrace cryptocurrencies and incorporate it into daily urban life. The acceptance shows in the context of retailers adopting Bitcoin and other cryptocurrencies, as well as in a collaborative environment for cryptocurrency companies, ICOs, and other blockchain projects.If you are passionate about traveling around the world, You must definitely know the list of crypto-friendly cities. The above-given countries slowly adopted the technology and added cryptocurrency as payment systems and the people made a part of their lives. Select a country, get your wallet and pack your bags, if you are a crypto enthusiast I believe this article will definitely guide you more to understand.
I traveled vast, out of the above list of most crypto-friendly cities around the World. Amsterdam is my next holiday spot to reach.
Neha Bawa is a Proud daughter to an Indian Army official, A Mother, and a wife, Graduate in Bachelors of Business Administration, She has also done Diploma in Aviation, Hospitality, and Tourism Management. She has vast experience as a blogger in the travel and tourism industry. Recently her interest in technology drove to write articles on Blockchain and Cryptocurrencies. Now she is an author and researcher for the cryptocurrency industry-related many articles.