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What is Bitcoin? Bitcoin is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-source software in 2009.
The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency.
Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services in legal or black markets.
Bitcoins in its pure essence is money. It is digital currency that serves the same functions and pu…

Crypto Adoption Soars in Slovenia: Over 1,000 Locations Accept Cryptocurrencies

Over 1,000 Locations in Slovenia Now Accept Cryptocurrencies

Cryptocurrency adoption is growing rapidly in Slovenia. More than 1,000 locations in the country now accept cryptocurrency payments, including cafes, restaurants, dentists, hair salons, and hotels.

Cryptocurrency Adoption Soars in Slovenia

The number of locations accepting cryptocurrencies through the Gocrypto payment system has surpassed 1,000, Gocrypto announced last week. These locations include cafés, restaurants, taxis, mechanics, dentists, hair salons, hotels, and sports facilities. Among them are major retailers, such as the Tuš supermarkets, Slovenia’s biggest electronic seller Big Bang, Atlantis Water Park, and Burger King Slovenia.

Noting that “you can just use your crypto wallet when getting around your daily life,” Gocrypto remarked:

Slovenia [is] taking the global lead as the country with the highest number of physical locations accepting cryptocurrencies.

According to its website, Gocrypto is currently present in 15 countries and more than 150,000 products can be bought using its system. The countries are Argentina, Austria, Bulgaria, Colombia, Croatia, Czechia, Hungary, Japan, Portugal, Romania, Slovakia, Slovenia, Switzerland, the U.K., and Venezuela. In some countries, the system is operated by Gocrypto’s partner Xpay.

At the time of this writing, the Gocrypto website is showing 1,416 merchants using its system, only 95 of which are online stores.

Crypto Adoption Soars in Slovenia: Over 1,000 Locations Accept Cryptocurrencies
Gocrypto’s map showing where merchants accepting cryptocurrencies are located. You can search for stores by country and category.

The Gocrypto system consists of one or more point-of-sale (POS) terminals connected to the Gocrypto payment network. Customers can use bitcoin, bitcoin cash, ether, the euro token, and Gocrypto’s native token GOC to pay for goods and services. Merchants receive payments in their local currency. Currently, Gocrypto is compatible with the Elly wallet app and the Bitcoin.com Wallet.

The first version of Gocrypto, Elipay, was tested at BTC City Ljubljana, one of Europe’s biggest shopping centers, which has about 21 million visitors a year.

Merchants accepting cryptocurrencies can also be found on websites such as Acceptbitcoin.cash and Green Pages. In addition, map.Bitcoin.com currently shows about 500 merchants accepting bitcoin cash in Slovenia.

What do you think about crypto adoption in Slovenia? Let us know in the comments section below.

The post Crypto Adoption Soars in Slovenia: Over 1,000 Locations Accept Cryptocurrencies appeared first on Bitcoin News.



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