Top 10 Most Friendly Cities with Bitcoin

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The popularity and the number of existing Bitcoins have increased considerably since the creation of this virtual currency in 2009. In April 2006, the 17 millionth Bitcoin was mined, leaving only four million unmined Bitcoins. The total number of Bitcoin-compatible ATMs has also increased steadily from over 500 in 2016 to more than 4,300 ABMs starting in 2019. These numbers only reveal the rarity and value of Bitcoin in the future.

Bitcoin (BTC) has many advantages. For starters, it allows you to send and receive money from anywhere, anytime, even on a holiday. Users are not required to share their financial and personal data online, which reduces the risk of fraud and identity theft. Other benefits of BTC include relatively low fees, transparency and the fact that it facilitates international payments. Bitcoin has gained ground in many cities around the world.

Here is an overview of the 10 most important Bitcoin cities in the world.

Several factors were taken into account in establishing the list, including the number of Bitcoin ATMs, the number of Bitcoin merchants and the population density in relation to the number of automated teller machines. Buckle up your seatbelt and start the countdown:

1. Los Angeles, United States

The City of Angels boasts of being the entertainment capital of the world and one of the richest neighborhoods in entertainment. Los Angeles is also proud to have an impressive number of Bitcoin ATMs – they are currently 270. The city has a population of 3.9 million. Los Angeles has more than 45 Bitcoin meetings in which frequent users of this digital currency can meet and share the latest developments and discuss ideas. With such growing interest, Los Angeles is likely to outpace other cities in the widespread adoption of bitcoin.

2. New York City, United States

The big apple is a mbadive metropolis with a population of over 8.5 million inhabitants, all from diverse backgrounds. Everything is fashionable in New York: fashion, technology, music, fine arts, not to mention theater and opera. In 2015, the New York State Department of Financial Services launched BitLicense with the goal of supporting virtual currency institutions. Since then, Bitcoin has seen explosive growth in New York, with 131 ATMs, 116 dating and more than 500 companies accepting BTC payments.

3. San Francisco, United States

San Francisco is in the San Francisco Bay Area and home to the famous Silicon Valley, an obvious choice for both enthusiastic and novice users of Bitcoin and other technologies. It is home to the largest growing population of technicians in the world, striving to innovate and embrace the latest breakthrough innovations, including Bitcoin. San Francisco has 111 sites where BTC is accepted, and 18 of these sites are websites. The proliferation of online bitcoin stores in San Francisco is not a marvel given the huge revenue that these tech experts report each year to companies like Apple, Facebook and Twitter.

4. London, United Kingdom

The digital currency fever has crossed the pond, making London a hotbed for Bitcoins and other alternative currencies. The London Theater District was the first ticket agency to allow customers to pay with Bitcoin, a breakthrough in the history of bitcoin adoption in London. Some of the most popular Bitcoin startups in London include a Bitcoin safe called Elliptic and an exchange called Coinfloor.

Nevertheless, Reuters reports that the UK Treasury has raised concerns about security and will therefore enact legislation that will oblige Bitcoin merchants to disclose their identities. This is understandable given the violent terrorist crimes that have become synonymous with European cities, and London is no exception.

However, the regulations will not hinder the use of BTC and its popularity will not falter. London is one of the major cities where Bitcoin is set to become the norm with 104 sites accepting BTC payments. It has 134 Bitcoin ATMs serving a population of 8.3 million. His Meetup Group has more than 2,311 members, making it the largest group in the world.

5. Madrid, Spain

The capital of Spain is not lagging behind in the adoption of digital currencies. Currently, Bitcoin is accepted in 97 sites, including more than 20 restaurants, 20 stores and a few homes. Digital Asset Exchange Singularity-X plays an important role in promoting the use of Bitcoin in Spain by showing ads during popular live football events.

6. Vancouver, Canada

Canada has become the first country to adopt a law regulating virtual currency, but this initiative has not prevented the adoption of Bitcoin. Vancouver – one of the densest cities in the country – has 86 merchants trading with BTC and 76 ATMs offering Bitcoin. This availability makes it incredibly easy for Bitcoin fans to use it for payments in cafes, malls and just about any establishment that will accept it.

7. Vienna, Austria

The Austrian capital is home to the world's first Bitcoin bank, located in the famous shopping street Mariahilfer Strbade. People can stop at the bank to exchange money against BTC and keep abad of the latest developments in the digital currency industry.

By the end of 2016, Bitcoin was the most successful currency in Austria. Its value has dropped over the course of 2017, but its trajectory is now more stable. Seventy-nine sites accept digital money in Vienna and BTC is still on the menu. The success of BTC in Vienna is mainly due to the confidentiality and security it gives users. Unlike e-wallets, credit and debit cards, users should not share their personal information online. In this way, credit card fraud becomes more and more difficult to execute, which solves one of the major digital payment problems in Vienna.

8. Berlin, Germany

Berlin and Germany as a whole have been accepting Bitcoin for longer than its European counterparts. According to The Local, the use of BTC is so important that people can use it to pay for their vacations, their food, their apartments and even their school fees. It has one of the highest Bitcoin acceptance rates in Europe, which is why the Guardian dubbed it "the European capital of Bitcoin" in 2013. Currently, Berlin There are 77 Bitcoin sites, although there is only one Bitcoin ATM.

The European School of Management and Technology (ESMT) piloted the acceptance of Bitcoin to pay university fees. Georg Garlichs – ESMT's Chief Financial Officer – felt that this business school was very innovative and future-oriented, so the decision to take over Bitcoin was organic in nature. This unprecedented initiative has prompted other higher education institutions to start accepting Bitcoin payments.

9. Prague, Czech Republic

Prague has the largest number of Bitcoin merchants in the world. In fact, in 2017, a crypto enthusiast spent a whole summer in Prague, just to explore and shop among the many Bitcoin sellers in the city. The Czech Republic also has a large number of small and medium-sized rural businesses that accept bitcoin.

10. Buenos Aires, Argentina

Buenos Aires is one of the main Bitcoin cities of South America. The city is home to more than 2.9 million residents and has more than 130 Bitcoin merchants. In a country in financial crisis, Bitcoin has found a warm welcome. Buenos Aires has eight fully functional Bitcoin ATMs.

and Vilnius, Lithuania

You will probably find it difficult to locate Vilnius, Lithuania, on a map, as there are 77 larger cities in Europe, but when it comes to adopting Bitcoin, Vilnius exceeds cities 20 times bigger. Currently, Vilnius does not have functional Bitcoin ATMs, but several companies accept cryptocurrency. In fact, if you attend a Bitcoin conference, you will probably see more Lithuanians than Russians, Estonians and Ukrainians. Vilnius quickly becomes a focus of Bitcoin.

People are looking for safer platforms

Bitcoin continues to benefit from unprecedented performance in the field of digital currency, and this popularity will not falter any time soon. With the imminent threat of cybercrime, more and more people are looking for safer transactional platforms that protect the personal and financial data of hackers. More cities – including emerging market metropolises – will adopt Bitcoin in the coming years, and Bitcoin transactions may replace electronic payment cards.

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