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Top 10 Countries Using Bitcoin, Italy is in Fourth Position

Jan 08, 2019 at 14:55 // News

An assessment of crypto usage is not an easy thing to be done, since it is based on population, environment diffusion and legal background. And for this matter, therefore, this assessment has been made based on data from Localbitcoins, Coinatmradar and Coinmap. It has also been made based on the circulation of ATMs and legal acceptance of the currency in these top 10 nations in question.

However, there are nations where Bitcoin (BTC) is not allowed, but where the peer-to-peer (P2P) exchange is far-flung because of environmental problems such as high inflation. Taking Venezuela as an example, it does not surface on the list but it has a lot of Localbitcoins users. Venezuela does not give real information on acceptance in store particularly Bitcoin. The country (Venezuela) seems to be using Dash more than any other crypto.   

Here is the list of top countries that use BTC   

1.     Japan   

The country where Bitcoin is highly far-flung in payments, partially because the banking sector has largely integrated BTC into electronic payment systems. The country has tens of thousands of stores & Nomura approximates that there are more than one million Japanese holding BTC, and it is now part of their life. In Japan, BTC is regarded as a legal currency. 

2.     United States   

From the commercial point of view, the US has the biggest share of stores which allow BTC as a method of payments: 26 percent in total, according to data from Coinmap. It also has over 2445 ATMs and a large number of Localbitcoin users. Bitcoin is also considered a legal asset in the U.S.   

3.     South Korea   

The use of BTC is far-flung in South Korea, especially with ATMs in its supply chains and shopping centers which allow Bitcoin, such as Goto Mall which has 620 stores. It is a closed market, an...

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