In July, 24 institutions began to accept Bitcoin payments

In July, 24 institutions began to accept Bitcoin payments

According to incomplete statistics, since 2021, a total of 55 companies, groups and individuals have announced support for cryptocurrencies such as Bitcoin as a means of payment. Most people still think of Bitcoin and other digital currencies as speculation in the financial market, but slowly many real economies have begun to accept digital currency payments. As of early July, nearly 50 institutions and individuals around the world accept Bitcoin payments.
On July 11, Musk launched a vote on social media to ask whether users can use Dogecoin to buy Teslas. The results showed that 78.2% of users supported it. Tesla has always been very open to using virtual currencies. On March 24 this year, Musk announced that Tesla vehicles can be purchased with Bitcoin.
He also said that Bitcoin payments will be available outside the United States later this year. According to Tesla, Bitcoin nodes are operated directly using only internal open source software, and Bitcoin paid to Tesla will be retained as Bitcoin and will not be converted into legal currency.
Since PayPal announced last year that it would accept Bitcoin and other cryptocurrencies as payment, more and more companies and individuals have become more tolerant of cryptocurrencies. According to incomplete statistics, as of early July, nearly 50 institutions and individuals around the world accepted Bitcoin payments. The most iconic event last week was that the market value of digital currencies officially surpassed the value of US dollar cash.

From being questioned, complained about, and laughed at, to slowly becoming popular among a small group of geeks, and making the Wall Street tycoons who used to disdain it willing to knock themselves down and actively embrace it, the consensus of BTC has been rapidly developing and spreading.
According to incomplete statistics, since July, 24 organizations/cities have accepted digital currencies such as Bitcoin for payment. In addition, members of the Russian State Duma are currently drafting a bill to allow the use of digital currencies as a means of contract payment.
Under Ukrainian law, digital assets are considered property, a change that will make encrypted payments between contractual parties legal. The law is still under review, but according to Pavel Krasheninnikov, the current chairman of the Law Union, the parties have reached a consensus on this issue.


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