Highlights:
Discover the types of establishments that have adopted cryptocurrencies as a means of payment.
Where can I find these businesses? From small stores to multinational companies, they accept digital currencies in Colombia.
Implementing cryptocurrencies in businesses is definitely part of the future of money.
The triple C: Purchases, Cryptocurrencies, Colombia!
More and more establishments are able to receive digital currencies as a means of payment. In Colombia, there are more than 500 places such as small businesses, technology centers, and video game stores that have adopted this new way of exchanging money. Nowadays, its commercial use is no longer exclusive to small shops; there are large corporations with multiple locations in the country that have already incorporated the use of cryptocurrencies.
From restaurants, cafes, hotels, hair salons, gyms, optical stores, to jewelry stores, esoteric shops, and even places offering saxophone classes, lactation consulting, fire extinguisher recharges, and TV repairs, these are places where you can now make payments with digital currencies.
Recently, large businesses like real estate companies have joined the crypto wave and have opened up to the money of the future. The real estate company La Haus made its first sale in cryptocurrencies of an apartment in the city of Santa Marta to one of its clients residing in Medellín. This was the first time in the country that a property was purchased with bitcoin.
The Bitrefill case opened the door to the adoption of cryptocurrencies
In October 2020, the Swedish company Bitrefill arrived in Colombia with an extensive catalog of products that could be purchased with six types of digital currencies: Bitcoin, Ethereum, Ether, Litecoin, Dogecoin, and Dash.
This company has over six years in the international market and is one of the largest online stores in the world that only accepts cryptocurrencies. As expected, this propelled the innovative way of buying and selling, making Colombia recognized today as the eleventh country (out of 154) with the highest adoption of cryptocurrencies, according to a study conducted by the firm Chainalysis.
Thanks to Bitrefill, you can now pay in apps like Rappi, Éxito, Jumbo, Metro, Netflix, or even recharge your cell phone, as stated by Forbes. Other stores available on the platform include McDonald's, Popsy Ice Cream, La Brasa Roja, Sandwich Qbano, Juan Valdez, Spotify, Merqueo, Domicilios.com, Pepe Ganga, Falabella, Linio, among others.
Where can I find other businesses that accept cryptocurrencies?
If you still can't find a place near your location, you can use CoinMap where you can visualize nearby stores that accept crypto payments. Additionally, it offers a heat map showing the high concentration of such businesses in the center of the country. Incredible, right?
As of today, Bogotá has 177 establishments in different neighborhoods, such as: Kyoto Oriental, a Japanese food restaurant located in the Salitre neighborhood. In Bonanza, you will find the Panasonic store, perfect for repairing televisions and sound equipment of the brand. In the north of Bogotá, in Pepe Sierra, you can find Café EntreVolcanes, which offers artisanal coffee grown in Lebanon, Tolima, or if you are a pregnant or breastfeeding mother, you have the option to access lactation consulting from professional nurses at liliLacta.com. Are you excited to explore the city with your digital wallet? You have a great variety of options!
Many believe that the financial future has cryptocurrencies as a crucial player, which, while we do not know if they will become the only payment method, are certainly an alternative to cash and plastic money used daily. Don’t be surprised if soon your favorite place posts an announcement saying: 'We accept payments with cryptocurrencies.'
And the list keeps growing
As you can see, more and more establishments allow you to pay directly with the cryptocurrencies in your portfolio. We continue to work to increase adoption in all corners of the world and offer financial freedom. In the meantime, don't forget to check out the official Binance blog in Latin America to stay updated on the ecosystem.
You might also be interested in...
Resolve your crypto doubts live with Binance Responde!
The present content is generic for the Spanish-speaking community, not referring to any specific jurisdiction.
Risk notice: Services in fiat currency are provided to users directly by licensed providers for processing transfers. Users may use the services of these licensed providers through Binance Pay to trade directly virtual assets and digital value units associated with the value of a fiat currency and/or transfer assets and digital units so that their recipients receive equivalent funds in fiat currency directly in their bank accounts. This process does not involve the receipt or collection of resources in fiat currency nor the sending or transfer of resources in fiat currency between users and recipients. Virtual assets and digital units are not backed by the government or any financial institution and are not legal tender. Conducting transactions with these types of assets and units carries certain risks, under the responsibility of the person conducting them. Binance.com operates internationally. Please review our Terms of Use and Risk Warning.