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 <p>The number of merchants accepting Bitcoin payments increased by 174% globally in 2023 to reach 6,126, according to data from BTC Map.</p> 
 <p>The number surged from 2,207 at the start of 2023 and peaked at 6,590 in late September before declining in the last months of the year.</p> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">The number of up-to-date merchants accepting BTC cataloged by @btcmap increased 174% in 2023. pic.twitter.com/EVHXHdmqkK</p> 
  <p>— Jameson Lopp (@lopp) January 7, 2024</p>
 </blockquote> 
 <p></p> 
 <p>BTC Map leverages open-source data from OpenStreetMap, allowing users and businesses to tag vendors that accept Bitcoin payments.</p> 
 <h2 id="latin-america-has-the-highest-number-of-bitcoin-accepting-vendors">Latin America Has the Highest Number Of Bitcoin-Accepting Vendors</h2> 
 <p>BTC Map data shows Bitcoin’s acceptance as a means of payment varies geographically.</p> 
 <p>Central and South America have the highest number of BTC-accepting vendors. This is closely followed by Europe and the US. Regions such as East Asia have lower numbers due to strict regulations.</p> 
 <p>Countries like India and Russia lag with the lowest number of BTC-accepting vendors. China has no BTC merchants due to its strict ban on cryptocurrencies.</p> 
 <p>Africa and Southeast Asia also have a significant number of BTC-accepting merchants.</p> 
 <figure id="attachment_470825" aria-describedby="caption-attachment-470825" style="width: 100%" class="wp-caption aligncenter">
  <img decoding="async" class="wp-image-470825 size-full" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20904%20407'%3E%3C/svg%3E" alt="Bitcoin-accepting merchants" width="904" height="407" data-lazy-srcset="https://cdn.thebittimes.com/images/2024/01/09/02de3f369be6c3509050d00a2ebfb28b.webp 904w, https://cdn.thebittimes.com/images/2024/01/09/02de3f369be6c3509050d00a2ebfb28b.webp 300w, https://cdn.thebittimes.com/images/2024/01/09/02de3f369be6c3509050d00a2ebfb28b.webp 768w" data-lazy-sizes="(max-width: 904px) 100vw, 904px" data-lazy-src="https://cdn.thebittimes.com/images/2024/01/09/02de3f369be6c3509050d00a2ebfb28b.webp">
  <noscript>
   <img decoding="async" class="wp-image-470825 size-full" src="https://cdn.thebittimes.com/images/2024/01/09/02de3f369be6c3509050d00a2ebfb28b.webp" alt="Bitcoin-accepting merchants" width="904" height="407" srcset="https://cdn.thebittimes.com/images/2024/01/09/02de3f369be6c3509050d00a2ebfb28b.webp 904w, https://cdn.thebittimes.com/images/2024/01/09/02de3f369be6c3509050d00a2ebfb28b.webp 300w, https://cdn.thebittimes.com/images/2024/01/09/02de3f369be6c3509050d00a2ebfb28b.webp 768w" sizes="(max-width: 904px) 100vw, 904px">
  </noscript>
  <figcaption id="caption-attachment-470825" class="wp-caption-text">
   (Source: BTC Map)
  </figcaption>
 </figure> 
 <p>A report by BitPay shows&nbsp;that Bitcoin was the most used cryptocurrency for payments in 2023, with 296,689 transactions, followed closely by Litecoin with 213,647 transactions.</p> 
 <p>The Bitcoin Lightning network also saw an 84% growth in usage in 2023 compared to 2022, according to BitPay.</p> 
 <p>The rise in BTC payments follows a previous report indicating the number of crypto ATMs dropped for the first time in a decade in 2023.</p> 
 <h2 id="also-read">Also Read</h2> 
 <ul> 
  <li>First Ever Bitcoin Duncan Yo-Yo Enters The US Market</li> 
  <li>Bitcoin ATMs Installed Globally Drop For The First Time In 10 Years</li> 
  <li>Grayscale And Ark Invest Among Latest Fund Managers To File 8-A Forms As Spot BTC ETFs Inch Closer To Possible Approval</li> 
 </ul> 
 <p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/merchants-accepting-bitcoin-payments-increased-174-globally-in-2023-tbt75943.html">https://thebittimes.com/merchants-accepting-bitcoin-payments-increased-174-globally-in-2023-tbt75943.html</a></p>
</div>

Merchants Accepting Bitcoin Payments Increased 174% Globally In 2023

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