Bitcoin Hotspots: Top 10 Cities with the Most Crypto ATMs

Bitcoin continues to lead the gigantic crypto market, transforming the traditional financial landscape. It’s remarkable growth is largely fueled by the emergence of strategic global hubs that foster innovation, investment, and community collaboration. Many cities globally have legitimized Bitcoin transactions, as reflected in the substantial growth of Bitcoin ATM installations.This article studies the top ten Bitcoin hotspots that excel in Bitcoin adoption and expansion.

How Is Bitcoin Adoption Calculated?

To analyze the top cities with high Bitcoin adoption rates, three metrics have been considered- the number of merchants accepting Bitcoin, the number of Bitcoin ATMs, and the number of crypto businesses.

The top ten cities that stand at the forefront of Bitcoin adoption include:

1. Los Angeles

The Californian city of Los Angeles has emerged as the world’s leading spot for Bitcoin adoption, with nearly 1,710 Bitcoin ATMs in the town. Los Angeles also boasts a robust presence in the blockchain industry, with over 400 companies operating in the sector. This makes Los Angeles as the city with the most blockchain-related companies globally. The city’s blockchain sector is led by industry players like Blockchain Council, Genesis Lab, and SoluLab. With over 12 million residents, Los Angeles has become the foremost destination for Bitcoin aspirants and entrepreneurs.

2. Houston

Houston, the most populous city in the US state of Texas, ranks second globally in Bitcoin adoption. The city holds an impressive 1,339 Bitcoin ATM installations, and more than 200 merchants and retailers embraced Bitcoin transactions. Houston’s Bitcoin ecosystem is further strengthened by the city’s thriving blockchain and fintech sector. The city, with more than 7 million people, has now become home to leading companies such as Topl, Data Gumbo, and Qenta.

3. Chicago

Chicago, the most populous city in Illinois, is considered the third-largest spot for Bitcoin adoption, boasting numerous Bitcoin ATMs and crypto platforms. The city holds a total of 1,120 Bitcoin ATMs and over 150 merchants accepting BTC payments. Running more than 70 blockchain and fintech platforms, Chicago cemented its status as a leading bitcoin and blockchain destination. Leading players like Debut Infotech drive Chicago’s notable position in Bitcoin’s expansion.

4. Sydney

Sydney, the capital city of Australia’s New South Wales, is considered the country’s Bitcoin hub. The city has more than 242 Bitcoin ATMs and 70+ Bitcoin-accepting merchants. With about 185 blockchain, fintech, and crypto companies, Sydney continues to expand its crypto space. The city’s involvement in Bitcoin and the larger blockchain space is further evidenced by its key programs, including Bitcoin Sydney, Hyperledger Sydney, Sydney AI Web3, NFT Sydney, and Metaverse Sydney. While Sydney positions itself as a leading player in Bitcoin adoption, it plays a significant role in shaping the global blockchain landscape.

Related: https://cryptotale.org/monochrome-to-launch-first-ethereum-etf-on-cboe-australia/ 

5. Hong Kong

Hong Kong is one of the best destinations for crypto aspirants as the city thrives to become the global hub despite mainland China’s ban on crypto. The city is home to a large number of blockchain platforms, crypto exchanges, and other institutions. A robust regulatory framework that addresses crypto and blockchain expansion and aligns with customer protection is another key characteristic of Hong Kong. The city boasts more than 171 Bitcoin ATMs and over 60 merchants accepting the Bitcoin payment system.

6. Tbilisi

Tbilisi, the capital and largest city of Georgia, is one of the top Bitcoin-supporting cities. Notably, in Georgia, cryptocurrencies are used for transactions, not investments, but remittances and cross-border payments. Tbilisi, in particular, is crypto-friendly and boasts a number of crypto meetups where people can discuss business-related matters. The city owns 114 crypto ATMs and about eight businesses and merchants accepting Bitcoin payments. Overall, Tbilisi holds six blockchain, crypto, and web3 platforms. A lot of crypto companies, including Degamefi and Bitnet, as well as exchanges like Cryptal, Bybit, Bitget, and WhiteBIT, bolster Tbilisi’s crypto ecosystem.

7. Warsaw

Warsaw, the capital city of Poland, is an emerging crypto spot, boasting a remarkable crypto and tech ecosystem. The city holds nearly 86 Bitcoin ATMs and around 40 businesses accepting Bitcoin for payments. There are approximately 186 companies in Warsaw that focus on blockchain, web3, AI, and IoT. With a population of around 1.8 million, Warsaw, situated along the River Vistula, is an emerging hub for digital innovation.

Related: https://cryptotale.org/australia-to-introduce-new-crypto-licensing-regulations/ 

8. Bucharest

Bucharest is the capital city of Romania. The European country’s largest city is one of the perfect spaces for crypto and Bitcoin expansion. It has a growing crypto presence featuring 75 Bitcoin ATMs, 25 businesses with crypto payment facilities, and 16 companies specializing in blockchain, Web3, AI, and IoT. Bucharest is establishing itself as a hub for digital innovation and cryptocurrency adoption in Eastern Europe, with its 1.8 million population.

9. Vienna

Austria’s capital city, Vienna, boasts a robust crypto ecosystem. The city owns around 51 Bitcoin ATMs scattered throughout the city. More than 120 businesses in the city accept Bitcoin payments. In addition, Vienna holds a thriving tech industry with over 6,000 information and communications technology companies.

10. Madrid

Madrid is the capital and most populous municipality of Spain. It has about 51 Bitcoin ATMs, 12 blockchain-focused companies, and 120+ merchants supporting Bitcoin payments. As one of Europe’s largest metropolitan areas with over 3.2 million residents, Madrid is an emerging hub for fintech, digital payments, and blockchain technology in the Iberian Peninsula.

Emerging Bitcoin Hubs

Apart from the top ten cities that excel in Bitcoin adoption, more cities have emerged and are gaining momentum. These cities include Zurich, San Martin, Bratislava, Moscow, Dusseldorf, Yerevan, Milan, Istanbul, Paris, Guatemala City, and Zagreb. Boasting Bitcoin ATMs from 10 to 39, these countries pave the way for Bitcoin adoption and expansion.

Conclusion

Top Bitcoin hotspots across the world demonstrate the growing adoption of crypto. US cities like Los Angeles, Houston, and Chicago have emerged as top Bitcoin hotspots, while other cities are rising through the ranks. As innovation and investment continue to flourish, these cities are poised to remain at the forefront of the digital asset revolution.

The post Bitcoin Hotspots: Top 10 Cities with the Most Crypto ATMs appeared first on Cryptotale.