Crypto Travel: Which Country Should I visit With Cryptocurrency?
Crypto travel tourism is becoming a thing! People can travel now and simply take their crypto with them, and they don’t even need to involve a bank in any way! It’s a borderless wonder!
So where can you go to spend your crypto? Here are some ideas.
These stats change all the time as cryptocurrency adoption grows. But the country with the most places that accept cryptocurrency payments is likely to be the United States. Many American businesses, particularly in tech-heavy cities like San Francisco and New York, have begun accepting various cryptocurrencies as a form of payment, including Bitcoin and Ethereum.
Additionally, there are a number of companies that have developed point-of-sale systems and other tools to make it easy for businesses to accept cryptocurrency payments. Crypto travel it is then!
In recent years, many other countries around the world have also seen an increase in the number of businesses that accept cryptocurrency. For example, Japan has a large number of businesses that accept Bitcoin, and the number of merchants that accept cryptocurrency in South Korea is also growing rapidly. Other countries with a relatively high number of cryptocurrency-accepting merchants include Germany, the United Kingdom, and Canada.
Nigeria is ranked as the first country in Africa in terms of crypto adoption, according to Chainalysis.
Crypto Travel: How to Pay With Crypto Abroad
It is worth mentioning that this is a rapidly changing landscape and the number of places accepting crypto can change depending on how stable the cryptocurrency is, the regulations of the country or the state and the general public acceptance.
Paying with cryptocurrency is relatively simple once you have set up a digital wallet and acquired some cryptocurrency. Here is a general overview of the process while you crypto travel:
- Choose a digital wallet: Before you can pay with cryptocurrency, you’ll need to choose a digital wallet to store your coins or tokens. There are many different types of wallets available, including software wallets that you can install on your computer or mobile device, and hardware wallets that are physical devices specifically designed to store cryptocurrency.
- Acquire some cryptocurrency: Once you have a wallet, you’ll need to acquire some cryptocurrency. You can buy cryptocurrency on a cryptocurrency exchange, such as Coinbase or Binance, using a credit card, bank transfer, or another cryptocurrency.
- Find a merchant that accepts cryptocurrency: Once you have some cryptocurrency, you’ll need to find a merchant that accepts it as a form of payment. Many online retailers accept cryptocurrency, and an increasing number of brick-and-mortar businesses are also starting to accept it. Some of the most commonly accepted cryptocurrencies include Bitcoin, Ethereum, and Litecoin.
- Make the payment: When you’re ready to make a purchase, you’ll typically be given a QR code or a long string of numbers and letters (a cryptocurrency address) that represents the merchant’s wallet address. You’ll need to use your own digital wallet to send the exact amount of cryptocurrency to this address.
- Confirmation: The payment process is typically completed in a matter of seconds, but it can take longer depending on the network traffic and the amount of confirmmations the merchant require. Once the payment is confirmed, the merchant will typically release the goods or services to you.
How about going to Bitcoin Beach in El Salvador? Read more here!
