Bitcoin and other cryptocurrencies have been trying to find a place in the world for quite some time. Many countries are doing their best to establish regulations regarding it, but a significant number of them are regulating cryptocurrency to the point of banning it. When there is the potential for a use case in travel, investors and token holders want to find places that it is safe and permissible to use them.
Traveling with cryptocurrency is one of the easiest and safest ways to avoid carrying cash. Anyone can convert their current cash to Bitcoin and are not subjected to the spending limits of the central bank of those countries. Here are a few of the most Bitcoin-friendly places for coin-holders to travel.
Switzerland’s progress in the crypto community has been largely publicizing their work on creating a Crypto Hub that will thrive in the industry. The Swiss are constantly looking to support innovation, promote greater commerce, and grow in technology. There are plenty of blockchain and crypto projects, which are supported by the state officials in their goal to be known as a crypto-friendly nation.
Right now, for travelers, there are opportunities to pay for their train tickets with the use of Bitcoin as well, giving a perfect opportunity to see the beauty of the Alps, and without a credit card deposit.
Antigua and Barbuda
This Caribbean Island nation offers consumers the changes to enjoy other applications of their Bitcoin. Calvin Ayre, renowned billionaire, has even decided to expand the use of Bitcoin to establishing a resort within this area – a $100 million Bitcoin Cash project. There is presently a new law being passed in the area regarding citizenship payments that will be fulfilled with Bitcoin as well.
The goal at this moment is to continue to work through Bitcoin regulations for a clearer application of the options afforded to investors.
In Amsterdam, consumers will be able to find the first Bitcoin ATM ever and it is conveniently located in the airport. There are 23 ATMs total in the Netherlands, but over half of them are located in Amsterdam. Furthermore, as one of the top vacation destinations, there is a lot of room for commerce involving cryptocurrency. To promote more of this commerce, the country has started the “Bitcoin City Initiative.”
As a result, there are plenty of merchants within the city that are accepting of BTC payments, which is good for locals and travelers alike.
Malt was a pioneer in this effort, so no list of crypto-friendly countries would be complete without it. This nation has done everything they can to be hub for global crypto and blockchain technology efforts. Big names in the business, like Binance and OKEx, have already gotten involved with Malta. That is probably due to their positive crypto regulations that are benefiting both consumers and businesses in the area.