The popularity and adoption of Bitcoin (BTC) and cryptocurrencies in general, are becoming more popular in the Baltic countries of Lithuania, Latvia and Estonia. Even buying coffee using BTC is not that special anymore in these countries. The adoption in these countries has gone as far as Cafes, bars, hotels, souvenir shops and even some medical clinics. There is also some incidents of Crypto being accepted for Real Estate purchases. In Vilnius, Lithuania, there is a cottage settlement that accepts purchases of land and homes using crypto.
This news seems to be an addition to the increasing cases of Bitcoin (BTC) and cryptocurrency adoption around the globe. The most popular sporting event, the FIFA World Cup, that is being hosted by Russia starting June this year, has some businesses in the host nation, accepting crypto payments for accommodation. Apartments Malina in Kaliningrad, has partnered with the online payment system, Free-Kassa to allow fans to pay for rooms using crypto. Free-Kassa’s wallet even supports popular coins such as Dogecoin (DOGE).
Although no country around the globe has issued strict or defined cryptocurrency regulation guidelines, it is such adoption that will set the precedence of what regulation will entail. The more crypto is used for day to day purchases of goods and services, the more crypto’s utility as legal tender will be evident.
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Reported by: Ethereum World News