According to data provided by an analysis from BTC Map, there has been a 174% increase in the number of businesses that started accepting Bitcoin payments during 2023.
Data collected by BTC Map, an application based on OpenStreetMap that aims to map all businesses accepting Bitcoin payments, indicates that the total number of restaurants, bars, shops, and services accepting Bitcoin payments rose to 6,126 by the end of 2023, compared to the 2,207 at the beginning of the year.
BTC Map provides businesses and users with an easy way to report locations where Bitcoin payments are accepted. The increase in activities may be partly attributed to the fact that many users could more easily report businesses accepting Bitcoin.
Countries with the highest adoption
According to BTC Map, the areas with the highest concentration of merchants accepting Bitcoin are Central America and South America. Even in the United States and Europe, the number of merchants accepting Bitcoin is quite high.
In Southeast Asia, the Philippines stand out for having the highest number of merchants accepting Bitcoin. On the contrary, countries like China, India, and Russia show an extremely low number of businesses accepting Bitcoin as a payment method.
