Bitcoin protects the ruble – where in Russia you can pay with cryptocurrency

CONTENT

  • Most offers in Moscow and St. Petersburg

  • The closer to the east, the fewer options

  • Not all offers were relevant

International consortium of news organizations developing transparency standards.

Regulators in many countries, including Russia, continue to shape the legal framework for working with cryptocurrencies. In parallel, the number of users of the new financial instrument is growing in the world. Despite the fact that the crypto industry continues to develop, it is still difficult for the world to use digital coins to pay for everyday expenses..

BeInCrypto editors decided to see what can be bought for bitcoins in Russia in 2020.

Unfortunately, despite the interest of the country’s citizens in mining, the Russian Federation does not open up many opportunities for cryptocurrency users to spend coins. Russia looks modest on a world map that shows installed bitcoin ATMs and digital asset-backed points of sale.  

Data: Coinmap

When zoomed in, you can see that most of the offers are located in Moscow and St. Petersburg. 

Data: Coinmap

The further east you go, the fewer opportunities you have to pay with cryptocurrency for goods and services.

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Data: Coinmap

For comparison, the maps of points of acceptance of cryptocurrencies as a means of payment and crypto ATMs in Moscow, New York and their environs are as follows:

Data: Coinmap

Consider Moscow take a closer look. According to the Coinmap website, in 2020, residents and guests of the capital can pay with cryptocurrency for various goods and services. A few examples:

    Bitcoin protects the ruble - where in Russia you can pay with cryptocurrency
  • At 800 Contemporary Steak, you can use bitcoins to pay your bill. The institution is part of the il FORNO Group. According to media reports, other restaurants of the group will also start accepting payments in digital assets in the near future.. 
  • The management company “Apartment Hotel” offers to invest cryptocurrency in real estate. The organization, according to Coinmap, accepts BTC, BNB, LTC, ETH.
  • Travel company “Flagman”, in turn, according to the map, offers tours with payment in digital assets.

On Coinmap, you can find many other offers of the capital: from the sale of illegal goods to the services of advertising agencies. 

IN St. Petersburg a number of options are also available for digital asset owners. For example, in the Dolina Vkusa store, you can pay with bitcoins for farm products. In the cabaret-bar for adults “Envy”, crypto community members are offered to pay in BTC for a private dance and other services.

In other cities of Russia, according to Coinmap, you can also find offers to pay for goods and services in cryptocurrency. Unfortunately, the check showed that not all of them are relevant. For example, on the map of cryptocurrency acceptance points in the Russian Federation, you can find offers from the NanoFitness fitness club in many cities. During the audit, it turned out that the company was closed. 

Summing up

The position of Russia on the market for accepting payments in cryptocurrencies turned out to be even more deplorable than the map shows. Despite this, you can still find offers to spend coins in the country..

In some cases, even if there is no announcement on the acceptance of cryptocurrencies on the official website, you can agree to pay for goods or services with digital assets on an individual basis. 

We will remind, earlier, the editorial staff of BeInCrypto understood how sometimes decisions of the governments of countries inadvertently stimulate the development of the digital asset market..

Disclaimer

All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website..

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Bitcoin protects the ruble - where in Russia you can pay with cryptocurrency
Bitcoin protects the ruble - where in Russia you can pay with cryptocurrency

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Bitcoin protects the ruble - where in Russia you can pay with cryptocurrency
Bitcoin protects the ruble - where in Russia you can pay with cryptocurrency

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