They say crypto is borderless. And when you trade Bitcoin or receive some as payment for a job you completed, it is. But what if you want to spend Bitcoin in person? As BTC, and other currencies like Ethereum or Litecoin, begin to take off some parts of the world are embracing crypto more than others. While tech hubs like San Francisco or Seoul are obvious hotspots, there’s unexpected crypto-cities popping up like Prague, Tel Aviv, Buenos Aires or Bangkok.
In order to find Bitcoin hotspots around the world, I used Coinmap on July 24, 2018. I recorded the number of BTC-vendors listed in a city and did not include corresponding suburbs. In theory, this puts cities with urban sprawl at a disadvantage, but I didn’t want human error to skew the data, as I am more familiar with North American cities like New York or Los Angeles and would be more inclined to include their suburbs rather than Tokyo's. It also bears mentioning that CoinMap relies on crowdsourcing to list all BTC-accepting vendors. Without further ado, these are top ten Bitcoin hotspots from around the world, as well as some takeaways about where, and how, Bitcoin use is spreading.
Date: 31 July 2018