By 2023, the number of offline businesses accepting Bitcoin has nearly tripled.
Are you looking for places where you can use Bitcoin in real life? According to crowdsourced data from BTC Map, it may be easier than ever. According to user reports, the project currently has over 6,300 vendors that have accepted Bitcoin in the past year.
This is almost three times more than the number of vendors accepting Bitcoin at the end of 2022. According to data from BTC Map, there are only 2,200. Although the volunteers providing data almost certainly missed some vendors, the trends appear to indicate that Bitcoin adoption is growing despite significant price volatility throughout 2023.
However, paying for physical goods with Bitcoin can be a risky proposition. For example, in early 2023, the Bitcoin used to buy a $20 pizza will be worth over $50. Infamously, the first purchase made with Bitcoin was two large pizzas for 10,000 Bitcoin, worth $44 million at today’s prices.
Bitcoin suppliers are located all over the world, but appear to be concentrated in Europe, the United States, and especially Latin America. There are hundreds of vendors tagged in the Philippines, but adoption appears to be slow in East Asia, including China’s population of over 1.4 billion people, where there is a shortage of vendors due to cryptocurrency bans.
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