The steady Cryptocurrency adoption in Hong Kong has allowed citizens to look beyond the fiat currencies. The adoption is a protest against Chinese interference in Hong Kong. As this week’s protest intensified, so too did the demand for bitcoin.

The political disturbance in the city has entered its 12th week. It has thus prompted several local businesses and individuals to switch to using decentralized digital currencies. Pricerite, a supermarket chain, has started accepting cryptocurrency. They are preferring cryptocurrencies instead of the Hong Kong dollar (HDK). The department store currently deals in Bitcoin (BTC) (on the lightning network), Ethereum (ETH) and Litecoin (LTC). Also, Bitcoin Cash labeled water bottles during the protests have helped the cryptocurrency adoption in Hong Kong. The water bottles have a QR code that allows people to donate bitcoin cash to fund additional supplies for protesters.

The non-cooperation protest has not only caused civic problems regarding transportation but also the Hong Kong dollar (HDK) has suffered badly as well. In order to bring back stability in the exchange rate, the viable choice is to either sell or buy the local currency.

A local cryptocurrency exchange Tidebit saw a sharp surge in the price of bitcoin when the protest started in June. There was also a steady rise in demand for bitcoin cash. However, this situation in Hong Kong has a minimal impact on global cryptocurrency prices as per the source.