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Topic: Are there any countries that accept cryptos as an actual method of payment? (Read 586 times)

sr. member
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There are already several countries that have accepted cryptocurrency as a means of payment such as Japan, the United States, Switzerland, Canada, Russia, Venezuela, Argentina and others. these countries have legalized cryptocurrency as a means of payment but not as a major currency. I think their main currency is still fiat money. cryptocurrrency is only an alternative means of payment. they will not make cryptocurrency a major currency. because they already have a national currency.
sr. member
Activity: 812
Merit: 262
If this is the case, I think it is a good development. However, this news should not be too big. Because these countries are not developed countries. One day, if the peoples of Europe or America start shopping with bitcoin, the revolution will take place. Of course they already do. However, a small community is trading with bitcoin.
hero member
Activity: 2114
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I heard that in Zimbabwe people use other currencies and cryptocurrencies to trade as their current monetary system has failed them. Do other countries also accept cryptocurrency as their main currency apart from Zimbabwe?

No country has made Cryptocurrencies a legal tender but however there are a lot of countries which are day by day becoming Crypto friendly. They are allowing transactions involving Cryptocurrencies in their jurisdiction however in a controlled manner. But there are a few tax heavens who aren't even charging any tax on Cryptocurrencies Income in private key like the Island country of Malta which I think wants the world economic center to shift in their country.
legendary
Activity: 3556
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I'll believe that when I see any evidence of it. Until then it's a bunch of balls cooked up by tossers on r/bitcoin. There's a slight difference between an entire nation and a few hundred people.
Lol, I love your skepticism.

I was browsing Youtube a few weeks ago, and I saw some videos about Dash being used in Venezuela and there was even a coffee shop with a big Dash logo on it.  I'm skeptical as well, but they made a moderately convincing argument that Dash is actually being used in Venezuela and is growing in popularity.  But what the hell, who knows what the actual numbers are--it could well be just a few hundred people for all I know, but it didn't sound that way.

The thing is, countries that are in trouble tend to adopt another stable fiat currency when their own fails, and a lot of times it's the US dollar.  There are quite a few countries in S. America where those stupid golden dollar coins are very popular.  If you come across one in the US that's really worn, it's probably seen action in Ecuador or one of its neighboring countries.
sr. member
Activity: 1246
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I heard that in Zimbabwe people use other currencies and cryptocurrencies to trade as their current monetary system has failed them. Do other countries also accept cryptocurrency as their main currency apart from Zimbabwe?

Well, if using crypto currency in Zimbabwe couldn't work, I believe it is not because it cannot work at all but probably there are still somethings that are yet  to be put in place. Of which I think the bitcoin ATM  and hard currency. If this is not approved. It's general acceptability may be quit difficult.
newbie
Activity: 21
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Ukraine recently made crypto a legal payment method Smiley
full member
Activity: 672
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There are many countries using bitcoin as a legal means of payment that are European countries, Japan, Korea, the US ... In these countries they can use bitcoin to buy any of these. What does the store accept. Most countries that accept bitcoin as a currency for payment are developed countries, but in the case of Zimbabwe, few are developing countries. I think this is a progress. If bitcoin does not actually affect Zimbabwe's economy, other countries that are banning bitcoin will gradually accept bitcoin.
jr. member
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I heard that in Zimbabwe people use other currencies and cryptocurrencies to trade as their current monetary system has failed them. Do other countries also accept cryptocurrency as their main currency apart from Zimbabwe?


County-wise? Nah.

But you surely can find individuals from every country, who accept Bitcoins as a payment.

It was few years ago when a person I know traded cow fertilizer for a share of bean harvest. So yes, it is completely possible.
legendary
Activity: 1316
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in my country cryptocurrency has been accepted, but not as a currency used in real life transactions. only as trading commodities, such as stocks and other commodities. well in Zimbabwe they turn to crypto, because they don't want to lose their assets. if they retain their assets based on the state of the country's economy. then everything will be destroyed. so the best option is to choose crypto. the difference in my country is, someone will be penalized if doing daily transactions using crypto. but for trade commodities, that doesn't matter.
hero member
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I dont heard yet as primary, but as secondary there are many countries that practice and accept cryptocurrency like japan. If you dont know china is developing their own currency, they plan to tokenize their national currency this is a huge move I hope the result is good.
Its too far to use it as primary currency .mostly crypto currency such as bitcoin. can only be use as payment method and use that to pay online pay your  online shopping , bills and many other option. bitcoin use only just alternative to other online payment .
hero member
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So far I know some countries where cryptocurrency is running legally but within a very small scale, I believe that Cryptocurrency will be more flourish within very soon because already some countries are creating own cryptocurrency for their own country's people, So this platform is getting popular and accepted in some sense, not only that but also Big names like China, Australia, Japan, and some other Big fishes will try to compete with this platform so there will be a healthy competition in the coming days, in this perspective, Bitcoin and cryptocurrency along with blockchain system is more or less safe because people are becoming fond of this system so far.
sr. member
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yes I think there are currently many countries that accept cryptocurrency as a means of payment. such as Japan, the United States, Australia, South Korea, Finland, Britain and others. the more age of bitcoin, the more countries and companies that accept bitcoin. most people use bitcoin as an investment tool but bitcoin can also be an alternative means of payment. and maybe someday if all countries can receive bicoin. bitcoin will become a global currency.
sr. member
Activity: 1036
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Considering the current trend in the crypto space, Japan and South Korea are currently the countries I think actually accept and regard cryptocurrencies as an actual method of payment. These countries have projects supporting the use of cryptocurrencies as an alternative method of payment which in some way be considered as promoting the use of cryptos as an actual method of payment.
sr. member
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I heard that in Zimbabwe people use other currencies and cryptocurrencies to trade as their current monetary system has failed them. Do other countries also accept cryptocurrency as their main currency apart from Zimbabwe?


I think in Zimbabwe, using bitcoin as their temporary alternative currency when their country is experiencing an economic crisis with fiat finance, well maybe at this time in other countries their government has not yet formalized cryptocurrency or bitcoin to be used as their main payment method because the government thinks it will threatening their finances so that currently not many governments recognize that bitcoin is a good payment method.
sr. member
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I heard that in Zimbabwe people use other currencies and cryptocurrencies to trade as their current monetary system has failed them. Do other countries also accept cryptocurrency as their main currency apart from Zimbabwe?

In some unstable countries like Zimbabwe and Argentina, a lot of the countries there have turned to other options like crypto-currencies in order to support them and hold their savings in crypto.

It's difficult for those people though, especially since their currency is so volatile and almost worthless, and the governments don't support their crypto-currency options, and instead keep attempting to revive their own currency instead of letting crypto save their people for a bit.
The government will continue trying to have their own currency even they accept crypto there's still chance that they will keep trying to revive since own
currency express the stability and strength of one nations. Most of the countries will keep their own fiat and be civil with crypto existence.

Like you have said Argentina and Zimbabwe got unstable economy that's why they embrace crypto to exist.
full member
Activity: 1176
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I dont heard yet as primary, but as secondary there are many countries that practice and accept cryptocurrency like japan. If you dont know china is developing their own currency, they plan to tokenize their national currency this is a huge move I hope the result is good.
full member
Activity: 392
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There are many solutions coming up to fix this problem! Start-up projects with the goal of multinational payment, anytime, anywhere appear in the market. However, the legal issues have not been resolved. Many countries do not accept cryptocurrencies.
sr. member
Activity: 1344
Merit: 270
I heard that in Zimbabwe people use other currencies and cryptocurrencies to trade as their current monetary system has failed them. Do other countries also accept cryptocurrency as their main currency apart from Zimbabwe?

In some unstable countries like Zimbabwe and Argentina, a lot of the countries there have turned to other options like crypto-currencies in order to support them and hold their savings in crypto.

It's difficult for those people though, especially since their currency is so volatile and almost worthless, and the governments don't support their crypto-currency options, and instead keep attempting to revive their own currency instead of letting crypto save their people for a bit.
Many country not accepted bitcoin as legal payment because not regulation of using bitcoin and can't prediction with bitcoin price, many country looking how to keep safety their people if using bitcoin with price suddenly down and how to increase their people assets, many manipulated price of bitcoin many countries want to delay for using bitcoin as legal currency digital payment.
hero member
Activity: 1008
Merit: 531
I heard that in Zimbabwe people use other currencies and cryptocurrencies to trade as their current monetary system has failed them. Do other countries also accept cryptocurrency as their main currency apart from Zimbabwe?

In some unstable countries like Zimbabwe and Argentina, a lot of the countries there have turned to other options like crypto-currencies in order to support them and hold their savings in crypto.

It's difficult for those people though, especially since their currency is so volatile and almost worthless, and the governments don't support their crypto-currency options, and instead keep attempting to revive their own currency instead of letting crypto save their people for a bit.
newbie
Activity: 2
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