Forex Suggest Identifies Cryptocurrency Acceptance Markets
Despite ongoing market volatility and the spectacular decline of some of the industry's largest exchanges, the cryptocurrency industry continues to captivate users as the most recent way to pay. But where in the world is that enslavement less a pipe dream and more of a reality? According to the most recent Forex Suggest data, the United States, the United Kingdom, and Canada are the world's top destinations for accepting cryptocurrency payments. The United States currently has 127 crypto-accepting businesses, accounting for nearly half of the global total. The United Kingdom trailed behind with 28 crypto-capable devices, followed by Canada with 12. The integration of commerce platform Primer with Coinbase in October 2022 to enable merchants to accept digital currency as payment is one example of the US's successful track record in cryptocurrency payments. Similarly, tech behemoths Microsoft and PayPal have made significant progress in the space, with major investments announced throughout last year. Open a store In terms of the environments in which cryptocurrency is spent, Forex Suggest believes that e-commerce is the most important industry for cryptocurrency acceptance. Rakuten, Shopify, and Overstock are all highlighted as examples of the 30 e-commerce businesses with crypto-friendly checkouts in this category.
Following e-commerce is the travel industry, which ranks 26th, and internet services, which ranks 24th. Expedia, for example, accepts Bitcoin as payment for hotel reservations, and many airlines, including AirBaltic, LOT Polish Airlines, and Norwegian Air, have begun accepting cryptocurrency payments. Similarly, the food and beverage and retail industries each have 23 businesses accepting cryptocurrency, followed by charity and gambling, which have 19 and 15 businesses accepting cryptocurrency, respectively. Sports organizations are also becoming more crypto-friendly. According to the data, the United States has the most sports teams that accept cryptocurrency, with seven out of ten. Senator is also in the leading region.