The global crypto market is worth about $2.2 trillion and it seems this number promises to keep rising. As the largest cryptocurrency in the world keeps gaining attention from all corners of the globe, it is only right to introduce the top 7 cities with the highest Bitcoin transactions across the globe. This is exactly what this article provides. Now, let's dive in!
Top 7 Cities with the Highest Cryptocurrency Transaction
There are several businesses that now accept cryptocurrencies worldwide. There are 3 different metrics that are considered in compiling this list below. These include the number of Bitcoin ATMs present, the number of merchants that accept Bitcoin in these cities, and the size of the population with respect to Bitcoin activity. The top cities with the highest crypto transaction are introduced as follows:
San Francisco
San Francisco has emerged as a tech hub in the United States. For this reason, it is not surprising that there are several crypto trading platforms in this city, including Kraken and Coinbase. There are a plethora of merchants that accept Bitcoin - from bars and restaurants to stores and hotels. In this city, you will find 437 Bitcoin ATMs. This is not bad for a city with about 880,000 people.
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Vancouver
Over the years, Canada has accepted Bitcoin and this strong community has encouraged a lot of transactions even though there are several regulatory steps that are being taken to ensure that this virtual currency is well embraced. Vancouver is home to QuadrigaCX. There are also over 50 merchants that accept Bitcoin in Vancouver. There are also 221 different locations where Bitcoin can be easily bought. Indeed, the first bitcoin ATM across the globe began to operate at Waves Coffee House in 2013, in downtown Vancouver. There are about 631,000 residents in this city.
Amsterdam
The mining hardware maker, Bitfury can be found in Amsterdam. According to coin map, there are over 40 places where Bitcoin can be spent in the Dutch capital. There are approximately 840,000 residents in this city, with 6 Bitcoin ATMs available for them to use. Several merchants accept cryptocurrency, including Rotterdam, the Hague, and Utrecht.
Ljubljana
The capital of Slovenia has approximately 289,000 residents. Bitstamp, the popular Bitcoin exchange, was launched by Slovenians before establishing its operations in London and Luxembourg. The largest city in Slovenia and the surrounding areas have about 200 merchants who are believed to have embraced Bitcoin.
Tel Aviv
This city represents Israel's financial center and it boasts 19 merchants that are accepting Bitcoin, as well as 7 Bitcoin ATMs in a population that is about 451,000. The Bitcoin Meetup Group in this city remains one of the most active, with at least 4,000 members.
Portsmouth
There is a large community of cryptocurrency users in this small city. This place is often referred to as the "Bitcoin village" by the residents while the downtown location boasts about 12 businesses that embrace cryptocurrency. You will also come across 21 Bitcoin ATMs and tellers in this city. This city is home to only 22,000 people.
Miami
There are about 48 merchants that accept Bitcoin, as well as 651 Bitcoin ATMs and tellers. The Miami Bitcoin Conference is located in this city. This represents one of the largest conventions of the crypto industry. There are plans by the city's government to bring in Blockchain-driven businesses to the city, alongside plans to launch a municipal cryptocurrency.
Conclusion
Bitcoin has become a topic of constant discussion over the years. For this reason, it is only natural to discuss the top cities with the highest Bitcoin transaction. As shown above, the United States has two cities on the list. This represents the high rate of adoption in the country.
* This is a contributed article and this content does not necessarily represent the views of sciencetimes.com
