Where to Spend Bitcoin: A Global Overview From Ljubljana to Zurich

The number of physical merchant locations that accept crypto payments keeps growing.

The extent to which the Republic of Slovenia, with only 2 million citizens, is becoming a hub for crypto can be seen in the table below, which ranks Bitcoin-accepting businesses by city on a per capita basis.

St. Petersburg, Florida has more than 11 times as many places to spend crypto as New York per capita.

In economically distressed Venezuela, Traki, a big department store, is now taking crypto - at least according to one user who purchased clothing and school supplies with BTC.Bitcoin-friendly businesses are to be found in Australia's two largest cities, Sydney and Melbourne, but there are relatively few in Asia given its size apart from Seoul, Hong Kong, Bangkok and Tokyo, the continent's leader.

Some of the newer payment platforms claim that crypto payments made in BTC and Ethereum, or other cryptos, can be almost immediately converted into a merchant's local currency, eliminating exposure to sudden price movements.

In South Korea, it is prohibited to directly pay in crypto at any store or business location, Amandanov told Cointelegraph: "In response, we made our wallet so that the crypto can be converted into points and can be paid with those."

In the U.S., there can be tax issues because the IRS considers Bitcoin and other cryptos an asset, not a currency.

How to deal with this? Casual Bitcoin users should consider using a reputable crypto wallet provider to help document all transactions, according to tax expert William Perez.

There is more in-person crypto spending in places like South America and Africa, Saponaro added.

Consumers will have to see others purchasing durable goods like automobiles and home appliances with Bitcoin or Ether or other cryptos.