In addition to these countries, here are the other Bitcoin-friendly countries in the world:

The United Kingdom

Bermuda

Georgia

Gibraltar

Malta

With a decade of existence with Bitcoin, most of the countries who still haven’t accepted the Cryptocurrency Exchanges don’t have explicit systems to restrict them. Since they are anonymous and decentralized it has been a difficult task for them.

Bitcoin dominating Industries

With the acceptance of Bitcoin in the crypto space, there are multiple industrial sectors which have been beneficial till the date. Apart from Financial and banking industries, there are a plethora of sectors where Bitcoin has footprinted.

Banks & Financial Systems

Right off the bat, Banking stands to be the beginning of the cryptocurrency implementation. With the digitized, secure nature Blockchain have made banking systems more powerful rather than traditional payment methods. Swiss Bank UBS and Barclays have been experimenting with Blockchain as the method to implement back-office functionality and installments soon.

Ride Payments

Ride applications such as Uber, Ola, Lyft are using centralized way of payment. With the Blockchain, a distributed ledger will be implemented where drivers, riders could create a well-regulated and value-driven marketspace.

Hotels and Restaurants

Hotels and Restaurants have already started adding Bitcoin as the official mode of payment. Most of them have joined in hands with popular exchanges like Coinbase to make the digital currency an accepted method of payment.

Education

Credentials used for Educational purposes should be verified and universally recognizable. Since it is a process of manual verification, it is generally a difficult one to perform.

Online Shopping

More number of companies are adding Bitcoin as the trusted way of payment in their stores. One such example is Microsoft which has added Bitcoin to its payment mode. Other industry giants such as Dell, Overstock, Amazon, Walmart, Nike also accept the Bitcoin payment method.

Charity

Most of the charity organizations having a clear motto of saving the children, human rights, accept Bitcoins contributions to their account. Most of the donors readily accept this since Bitcoin reduces the cost of the transaction significantly.