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Countries that accept Bitcoin as payments

There is no doubt that Bitcoin is the most famous and widely used cryptocurrency in the world and, due to its increasing value, traders and countries have started to accept Bitcoin as a form of payment.

Nowadays, several countries have legalized the use of Bitcoin as a form of payment and have also made it possible to obtain profits through it. In this article, you will get information about the countries and cities that have adopted Bitcoin as a payment method and are using it on a daily basis.

To go further, it must be said that the number of well-known companies that allow their customers to pay with Bitcoin is growing rapidly. For example, an Uber luxury hotel chain in the U.S. allows customers to book their preferred hotel using Bitcoin. In addition, one of the most important companies, PayPal, allows its users to buy and sell Bitcoins through PayPal accounts.

The USA

The U.S. is one of the countries that allow people to use Bitcoin as a form of payment. However, it is worth mentioning that, in the USA, the jurisdiction of each state is different. Therefore, when trading through Bitcoins, traders need to find out whether it is legitimate to trade with Bitcoins in a given state or not.

The U.S. has made positive changes about using BTCs as a payment method since 2013. There are several cities in the U.S. that are Bitcoin hotspots, including San Francisco, which houses several cryptocurrency trading platforms.

Bitcoin payments in the European Union

Most EU countries are allowing residents to use Bitcoin as a form of payment. However, there are some exceptional countries, such as Germany, that prohibit the trading of Bitcoins. One of the most famous countries in the EU, where BTC is allowed as a payment method, is the Netherlands. The capital of Holland – Amsterdam is home to one of the most well-known hardware manufacturers, Bitfury. In Amsterdam, where the number of residents is 840,000, the aforementioned digital currency is widely used and allows people to pay for various services. Furthermore, one of the most prominent EU countries that use BTCs for payments is Slovenia. Ljubljana, which is the capital of the aforementioned country, is where the prominent Bitstamp bitcoin exchange was established. The number of city residents is around 290 thousand and there are more than 200 service providers that are adopting BTCs as the main means of payment.

Since then, many countries have adopted BTC and allowed people to pay using digital currencies, more and more people are starting to get Bitcoins. Therefore, people’s interest in where and how to buy Bitcoin is growing, respectively. There are several websites and platforms that provide different services to people. Therefore, people need to research and see what are the main advantages of obtaining BTCs through a given platform. What’s more, the entire Bitcoin buying process is conducted online.

Switzerland

Switzerland is the prominent country among states that allow people to use BTCs for tax purposes. It can be said that Switzerland is one of the pioneer countries, which has accepted digital currency as a form of payment for some public services. Switzerland started the experimental scheme in the city of Zug, also known as a crypto valley, because of its attitude towards cryptocurrencies. Furthermore, Zug was not the first place in Switzerland to adopt tax payment through BTCs. Zermatt, which is also one of the most resident municipalities, allowed the Swiss to use BTCs for payment purposes, including for public services. In addition, Swiss Federal Railways, which is a state-owned railway company, allows people to purchase tickets with Bitcoins.

Countries where BTC is legal

Several countries around the world allow people to trade with BTCs. Some of them are the countries mentioned above. See below other countries that accept Bitcoin:

  • South Africa,
  • Mexico,
  • Argentina,
  • Brazil,
  • Chile,
  • Cyprus,
  • Israel,
  • Peru,
  • India,
  • Japan,
  • South Korea,
  • Philippines,
  • Singapore,
  • and many more.

Source: Cryptonomist

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