Bitcoin is the world’s first and is still the most popular cryptocurrency.
It’s a virtual or digital form of currency that uses cryptography for security.
Bitcoin is also decentralized currency which means it’s not subject to financial institutional or governmental control.
How many businesses accept Bitcoin in the U.S. & worldwide?
Recent data suggests that there are more than 15,000 global businesses currently accepting Bitcoin for financial transactions.
In recent years, Bitcoin has grown in popularity.
As a result, more businesses all over the world are starting to accept it as a form of payment for products and services.
It’s popularity and increasing usage are two factors that have contributed to business’ adoption of this as a payment method.
We will discuss where Bitcoin is widely used, where it’s limited, and where it’s banned in the world.
Let’s explore the world of Bitcoin in terms of its business adoption for payment.
Key Statistics
- Globally, 15,174 businesses accept Bitcoin.
- In the United States, over 2,300 businesses accept Bitcoin.
- The United States has 36,659 Bitcoin ATMs across the country.
- Bitcoin is not a legal currency in China.
- The European Union recognizes Bitcoin as a viable digital currency.
- Every day, 328,370 transactions involving Bitcoin occur.
- Microsoft is the biggest American company accepting Bitcoin.
- Burger King accepts Bitcoin in Germany and Venezuela.
- CheapAir accepts Bitcoin and cryptocurrency.
- San Francisco, California, USA ranks number one in Bitcoin global transactions.
How Many Businesses Accept Bitcoin (US And World) in 2024?
1. Globally, 15,174 Businesses Accept Bitcoin.
Fundera reported that according to coinmap.org, there are 15,174 businesses around the world that are accepting Bitcoin as a form of payment.
This includes businesses that have ATMs that offer Bitcoin services in the world.
(Fundera)
2. In the United States, Over 2,300 Businesses Accept Bitcoin.
Of the over 15,000 global businesses accepting Bitcoin as a payment method, 2,352 are in the United States.
This figure doesn’t include the American Bitcoin ATM machines that are plentiful in the United States.
(Fundera)
3. The United States has 36,659 Bitcoin ATMs Across the Country.
Data from 2021 showed that the United States had nearly 6,000 businesses that either accepted Bitcoin or had a cryptocurrency ATM present.
America ranked first among countries with Bitcoin/crypto ATMs and businesses that accept Bitcoin/digital currencies.
Today, the U.S. as 36,659 Bitcoin ATMs and over 2,300 businesses that accept Bitcoin.
(Statista, Zippia)
4. Bitcoin Is Not a Legal Currency in China.
China has an absolute ban on cryptocurrency in general, making the use of Bitcoin illegal there.
While several countries have completely banned Bitcoin and cryptocurrency, the top three are China, Qatar, and Saudi Arabia.
Others have implicit bans such as Libya, Guyana, and Zimbabwe.
Therefore, these countries don’t have Bitcoin-friendly businesses.
(Investopedia)
5. The European Union Recognizes Bitcoin as A Viable Digital Currency.
According to Investopedia, the EU recognizes Bitcoin and other forms of cryptocurrencies as specific crypto assets.
However, the banking system in the EU warns people about using digital assets like cryptocurrency, including Bitcoin because it’s not regulated.
The EU has only an 11.67% share of Bitcoin trades.
(Buy Bitcoin Worldwide, Investopedia)
6. Every Day, 328,370 Transactions Involving Bitcoin Occur.
In terms of Bitcoin activity, 328,370 transactions occur each day.
Consumers are widely using Bitcoin regardless of how many businesses are accepting Bitcoin as a form of payment.
Wherever consumers can buy fast food, dinner, groceries, travel bookings, and other goods and services using Bitcoin, they do.
(Fundera)
7. Microsoft Is the Biggest American Company Accepting Bitcoin.
The biggest company in the United States that accepts Bitcoin as a payment method is Microsoft.
This isn’t a major surprise since it’s a big tech company that is prone to embracing all forms of technology, including digital currencies.
ATT is the second largest company that accepts Bitcoin in America.
(Zippia)
8. Burger King Accepts Bitcoin in Germany and Venezuela.
Burger King is accepting Bitcoin payments in Venezuela and Germany, according to our sources.
In America, BK accepts Bitcoin according to state eligibility.
Payments in the United States from Bitcoin at Burger King is exclusive the fast-food mobile app.
(BK, 99Bitcoins)
9. CheapAir Accepts Bitcoin and Cryptocurrency.
The travel industry has entered the Bitcoin and crypto adoption realm by accepting digital payments.
CheapAir, an online travel agency accepts Bitcoin and other specified cryptocurrencies via BTCPayServer, a cryptocurrency exchange platform.
Initially, they used Coinbase, but they switched to a different reliable cryptocurrency payment gateway.
(Small Business Trends)
10. San Francisco, California, USA Ranks Number One in Bitcoin Global Transactions.
The number one place in the world that experiences the most Bitcoin transactions is San Francisco, California, USA.
Furthermore, this city is the headquarters for some of the world’s largest cryptocurrency platforms like Kraken and Coinbase.
San Francisco also has 437 Bitcoin ATMs available.
Vancouver ranks number two and the Netherlands number five.
(Buy Bitcoin Worldwide)
FAQs
What is Bitcoin?
Bitcoin is the world’s most popular decentralized digital currency.
It has no single administrator, nor is it controlled by any central bank.
Bitcoin can be sent between users across the Bitcoin network without any intermediaries.
How Does Bitcoin Work?
Bitcoin is based on and built on Blockchain technology which is a distributed “ledger” enforced by a disparate network of computers.
One defining feature of Blockchain is its use of a database that’s synchronized throughout the whole network of computer systems on Blockchain.
Each “block” in the chain has several transactions.
Each time a new transaction is conducted on the Bitcoin network, a record of the transaction gets added to each participant’s ledger.
The decentralized database managed by multiple participants is referred to as DLT, “Distributed Ledger Technology”.
How Do You Get Bitcoin?
There are several ways to get Bitcoin.
You can mine it, earn it as payment for services or goods supplied or you can buy it via a cryptocurrency exchange.
What Are the Benefits and Risks of Bitcoin?
We found these benefits of using Bitcoin:
• Bitcoin transactions are very secure.
• Bitcoin is a decentralized currency that isn’t subject to financial institution or government control.
• Bitcoin is relatively cheap and fast to send payments anywhere on the globe.
We also found these risks of using Bitcoin:
• If you lose your Bitcoin wallet or forget your password, your Bitcoin will be lost forever.
• The price of Bitcoin is volatile which means it often wildly fluctuates.
• Bitcoin is still considered a newer technology, so there are some concerns regarding regulations that surround it.
Conclusion
Now we all know that there are more than 15,000 global businesses accepting Bitcoin, which brings global consumers into the loop all over the world.
We also know that the United States has many Bitcoin ATMs and over 2,300 businesses that accept Bitcoin.
However, while the U.S. is the largest user of Bitcoin (and cryptocurrencies), there are other places on the globe that engage in Bitcoin as a payment method.
Though Bitcoin usage across Europe and Asia is limited or even banned, China has a share of 9.83% of Bitcoin trades and the United Kingdom 11.67%.
Do you use Bitcoin to buy products and services?
Does your business offer Bitcoin as a payment option for goods and services?
Either way, Bitcoin has its benefits, which for most consumers outweighs its risks.
We hope we have helped you to understand Bitcoin better by answering the question, how many businesses accept Bitcoin.