Bitcoin Progress all over the World: Bitcoin in the World By CIOReviewIndia Team

Bitcoin Progress all over the World: Bitcoin in the World

CIOReviewIndia Team | Monday, 14 February 2022, 13:17 IST

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The Bitcoin revolution has spread all over the world. From Asia to Europe and from North America to South America Bitcoin is making waves all over the world. Bitcoin seems unstoppable in its popularity and strides towards becoming a truly global currency. Bitcoin will be available in every country soon enough with many merchant services accepting Bitcoin as payment for goods and services. The most popular cryptocurrency in the world recently passed $1000+/bitcoin this week, leading us into a new golden age of Bitcoin usability, freedom, and prosperity globally. If you are interested in bitcoin investment, then Brexit Millionaire can help you to get things started.

How Bitcoin is transforming countries: 4 examples

1) Japan:

Japan by far has been one of the most vocal supporters of Bitcoin anywhere on Earth. They have fully endorsed Bitcoin transactions within their society and aim to be the Bitcoin hub of Asia. Japan's leadership understands Bitcoin is a game-changing innovation and fully supports Bitcoin as an upgrade to their own fiat payments system just like any other central bank would. Bitcoin has taken off in Japan full steam ahead with an explosion of Bitcoin exchanges within Japan, Bitcoin ATMs popping up all over Tokyo, and consumer-friendly mining equipment companies such as ASICMiner setting up shop in Japan too.

Additionally, you have the young pro-Bitcoin demographic coming out in droves to support Bitcoin which really propels its use socially, culturally, and politically throughout society even further. Recently Bic Camera stores partnered with Bitflyer on a Bitcoin pilot program where they will prominently display Bitcoin ATMs for customer convenience on-site at their locations. Additionally, Bitcoin has taken off in Thailand too with Bitcoin ATMs, Bitcoin exchanges, and Bitcoin mining already popular within the region. It seems Bitcoin is unstoppable in Asia and Japan's acceptance of Bitcoin will only serve to further its popularity across the continent even more so than it already has.

2) Germany:

Bitcoin innovation continues all over Europe as well where you have Bitcoin activity in Germany really heating up. Recently Fidor Bank partnered with Bitcoin.de to launch the first-ever bank for Bitcoin anywhere on Earth serving German customers that want to buy or sell Bitcoins locally.

Additionally, they are offering a full-fledged digital wallet solution in cooperation with Bitcoin Deutschland AG in Berlin which allows anyone globally to access their services without having a traditional bank account in order to send and receive Bitcoin. Bitcoin Deutschland AG additionally offers Bitcoin ATMs, Bitcoin merchant services, Bitcoin mining equipment sales, and more all on one platform. The German government has been very vocal about their support for Bitcoin as well, which is a big step forward in terms of mainstream adoption locally. Germany's first Bitcoin ATM recently opened up too which will surely serve as a great outlet for Germans to connect to the Bitcoin ecosystem which leads to further adoption down the road especially when they see the benefits Bitcoins provide over fiat currencies.

3) USA:

Recently two states in America have made significant strides with Bitcoin this month alone which really shows how much progress is being made in the US towards widespread acceptance. California passed their AB-129 Bill into law giving permission to Bitpay, Coinbase, and other Bitcoin merchant services to operate within the state. This is an important step forward in terms of Bitcoin adoption where Bitcoin is now legally recognized as money by the State of California. You are seeing Bitcoin clearly being treated like any other traditional currency or payment method which opens up many opportunities for further mainstream adoption across US soil over time.

California's influence will be felt all across America too since they are a leading state when it comes to technology innovation happening there first. Within days after passing AB-129 into law Governor Jerry Brown also signed Assembly Bill No. 226 recognizing Bitcoin as legal for tax purposes now too which was another huge step forward for Bitcoin driven by New Hampshire Representative Eric Schleien who helped pass his home state's Bitcoin Bill into law in early April. Bitcoin is also booming in Texas and you have several Bitcoin companies setting up shop there to take advantage of their Bitcoin-friendly regulatory environment such as Coin-Outlet, Inc., the Bitcoin ATM manufacturer that recently expanded to Texas and Florida alone this month.

You can read about these Bitcoin advancements here:

4) Mexico:

Mexico has seen a huge surge in Bitcoin adoption lately too which has really helped push Bitcoin's progress forward globally. InSight Crime shares that Mexicans are increasingly turning to Bitcoin for its low transaction costs and because it circumvents extensive financial regulation, something traditional banks cannot offer them anymore due to government restrictions on how they operate.

 

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