Skip to content

Which cities use cryptocurrencies most often?

June 4, 2020

Buenos Aires (Argentina), Bogotá (Colombia), Mexico City (Mexico) and Caracas (Venezuela) are the cities in Latin America where cryptocurrencies are most commonly used. According to an article by the Argentine newspaper Ámbito on May 28th.

The list of Ámbito named Buenos Aires first, citing Forbes as a source and highlighted: “The capital of Argentina was designated by Forbes in 2018 as one of the most important cities for the use of crypto in the world. In 2019, more than 215 locals accepted Bitcoin as a payment method across the country, while Buenos Aires had 154 establishments where people could spend their cryptocurrencies in 2018 alone. “

The second city on the list was Bogotá. In this capital, this medium stated: “Colombia in particular has shown that there is a crypto community and an unusual interest in blockchain technology that is quite active. Even the president of the nation, Iván Duque, is thrilled and sees the blockchain proposal as a solution to the transparency of the nation’s business. There are more than 90 cryptocurrency-related companies in the capital, Bogotá, and project meetings are frequent. There are already over 150 institutions across the country that accept crypto as a form of payment. “

Which cities use cryptocurrencies most often?Which cities use cryptocurrencies most often?

For the third place they looked at Mexico City. They emphasized: “Unlike other countries, Mexico has a strong fintech industry, making it one of the first countries to introduce a regulation in this regard. Those who live in this city have at least 55 points where they can use their digital currencies to eat, drink and / or buy services and even exchange them for fiat currencies. On the other hand, there are already 92 institutions across the country where you can pay with cryptocurrencies. “

Caracas were also included in this ranking and they made it clear: “Cryptocurrencies have grown strongly in this region because they are a very critical scenario. The country’s citizens (Venezuela) have shown an unusual interest in cryptocurrencies, which serve to safeguard their heritage as legal tender loses value every day. Caracas has more than 50 facilities where you can spend your cryptocurrencies, while the whole country has more than 2,000 facilities. “

You may be interested in:

  • Bitso tries to attract customers by giving away 5 DAI per 100 deposited
  • Due to restrictions on buying dollars in Argentina, Qubit Brokers offers alternatives to cryptocurrencies
  • You will have a virtual meeting on the risks of money laundering and the Colombian regulatory landscape
  • They argue from IBM that blockchain could help fight information theft
  • Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price analysis, October 22 (2018)
  • Price analysis from November 7th: Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON (2018)
  • Spain: They form a cooperative in Valencia to offer services using blockchain technology