Countries Where you Could Freely Pay with Cryptocurrency

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Are you holding cryptocurrencies? Would you like to start paying for things with your crypto holdings? Now it’s a reality and we are going to talk about the most crypto-friendly countries where you can buy bitcoin without restrictions and actually pay with crypto.

The world is opening to cryptocurrencies and blockchain tech. Let’s check the most important examples in this article because the future is now!

America

America has the most number of Bitcoin holders in the world. It’s also the place where someone bought a pizza for 10,000 BTC. With the current Bitcoin price, it totals about $52M (ouch!). Anyways, the adoption of cryptocurrencies in the country has led many stores and shops to accept crypto payments. America is the most prominent example of how cryptocurrencies are quickly adapting to our life.

If you want an example, you can explore this list. You can use your own coins such as BTC or ETH, as well as stablecoins like USDT, USDB, DAI, USDC, etc. It will help you to avoid the fees of converting cryptocurrencies to FIAT. From Microsoft to Twitch, the companies are opening the doors to cryptocurrencies.

Furthermore, Coinbase has currently allowed online businesses to accept crypto payments. It’s your usual checkout page, but instead of paying with your debit/credit card, you have to deposit your chosen coin to the designated wallet address.

This has allowed America to become an excellent example of crypto adoption. Even though there’s still a long way to go, now it’s easier to pay with cryptocurrencies as an important number of people will happily take it.

Canada

In a case similar to America, Canada has also become an excellent example of a country where you can pay with cryptocurrencies. In fact, nowadays it’s possible to use crypto to buy from lots of merchants online.

Canada is friendly towards cryptocurrencies, and these friendly regulations have allowed it to flourish. In addition, they have a large number of BTC holders and also cryptocurrency traders. They constantly buy from over 100,000 merchants worldwide that accept cryptocurrencies as  payment.

In fact, it’s interesting to see that BitPay is a very popular service in Canada. It allows crypto holders to load their cards with cryptocurrencies that they can use to spend on products and services without having to exchange them.

In addition, it’s easy to exchange your cryptocurrencies in P2P marketplaces, in case you really need to do it. There are plenty of exchangers ready to help you.

Japan

Japan is another big example of cryptocurrency adoption. Their regulations are very friendly towards cryptocurrencies, and it’s not surprising to see that many shops and businesses are willing to take crypto payments.

Japan holds the second largest trading volume against Bitcoin the world, which talks a lot about how much they are involved in the cryptocurrency space.

They have multiple shops and businesses accepting crypto payments, and here you have a list:

  • Bic Camera
  • Hackers Bar
  • Dot Raw
  • Yukizaki
  • Mint

It’s great to see that not only big companies like Bic Camera accept BTC and cryptocurrencies, but also smaller shops like Dot Raw, and companies in industries like beauty such as Mint.

Without any doubt, the world of cryptocurrencies is taking Japan over, and we are sure that more companies will start accepting cryptocurrencies with the passing of time.

Switzerland

Switzerland is pretty open towards BTC and cryptocurrencies in general, so much that it’s possible to pay in crypto without problems. According to the latest statistics, there are over 100 businesses and shops in the country that accept crypto payments.

This number might not be as big as in America, but consider that people in the country can buy online from over 100,000 merchants that accept cryptocurrencies.

It’s also important to know that people in Switzerland are actively embracing BTC as an investment, and hence, the number of holders and users is growing exponentially, especially during this bullish run. Its cryptocurrency trading volume has already surpassed its 2020’s record, which only lets us see how popular things are really getting.

This European country will become an exponent in the coming years. Their adoption and use of cryptocurrencies will only get more popular because their citizens are using it for payments and everyday transactions.

Conclusion

As you can see, more countries are accepting cryptocurrencies as a payment method. From shops to casinos and more, the adoption is only growing and getting stronger. Cryptocurrencies are here to stay, and the more they are used for everyday life transactions, the stronger they will become amongst us.

Where are you from? Is it normal to pay for things with crypto in your country? Let us know to see how much adoption is growing worldwide and especially in your country!

The post Countries Where you Could Freely Pay with Cryptocurrency first appeared on Mind My Business.

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