A research conducted by aviation company Fast Private Jet estimated that the Central European country – Slovenia – is the most crypto-friendly state in the world. Furthermore, its capital – Ljubljana – is the most welcoming destination in Europe for digital asset businesses.
Central Europe leads the way
Italy-based aviation firm – Fast Private Jet – conducted a global study to determine which countries have the most locations where cryptocurrencies are accepted as a payment method. Slovenia ranked first, while another Central European nation – the Czech Republic – finished second. Argentina, Japan, Spain and Colombia made the top 6.
There are 72 shops and 33 sports venues in Slovenia that accept bitcoin or altcoins as a means of payment. Its capital city – Ljubljana – is also the most crypto-friendly destination in Europe. Currently, it has over 137 businesses and 584 different locations that allow digital asset payments, while its largest shopping center is named “BTC City”.
Prague – the capital of the Czech Republic – is the second most crypto-friendly European destination. Among its crypto attractions is the coffee-house Paraleni Polis, where customers can only pay in bitcoin.
Spain’s Madrid is the third most crypto-welcoming city in Europe, while Malta is at the bottom of that statistic.
The study of fast private jets touched upon the USA as well. This revealed that New York, Los Angeles and San Francisco have the most restaurants, cafeterias and businesses that accept crypto as a payment method.
Unsurprisingly, China is one of the least crypto-friendly countries worldwide. Last year, local authorities imposed a complete ban on all digital asset endeavors on Chinese soil.
Oman, Egypt, Algeria, Qatar, Iraq, Tunisia, Morocco and Bangladesh also have a hostile stance on the industry and were placed next to China.
Earlier this month, a research by Coincube estimated that Germany is the most crypto-friendly country for Q1, 2022, while Singapore and the USA are ranked second and third respectively. However, the company’s study differed from Fast Private Jet’s study in that it considered factors such as cryptocurrency laws in different countries, the number of fraud cases, and the availability of digital asset courses.
Slovenia is among the most ‘crypto-ready’ countries
This is not the first time a Central European nation has found its place in similar studies. Last year, the digital asset platform – Crypto Head – determined that Slovenia, with an index of 5.96, is the 7th most “crypto-ready” country.
To conduct the research, the company combined several factors, including annual crypto Google searches per 100,000 people and the number of ATMs.
Given that there are over 30,000 crypto automated teller machines in the United States, it’s no surprise that it ranks first. Interestingly, the Mediterranean island of Cyprus is in second place.
PrimeXBT Special Offer: Use this link to register and enter code POTATO50 to get up to $7,000 on your deposit.