Crypto Adoption Soars in Slovenia: Over 1,000 Locations Accept Cryptocurrencies Cryptocurrency adoption is growing rapidly in Slovenia. More than 1,000 locations in the country now accept cryptocurrency payments, including cafes, restaurants, dentists, hair salons, and hotels. Cryptocurrency Adoption Soars in Slovenia The number of locations accepting cryptocurrencies through the Gocrypto payment system has surpassed 1,000, Gocrypto announced last week. These locations include cafés, restaurants, taxis, mechanics, dentists, hair salons, hotels, and sports facilities. Among them are major retailers, such as the Tuš supermarkets, Slovenia’s biggest electronic seller Big Bang, Atlantis Water Park, and Burger King Slovenia. Noting that “you can just use your crypto wallet when getting around your daily life,” Gocrypto remarked: Slovenia [is] taking the global lead as the country with the highest number of physical locations accepting cryptocurrencies. According to its website, Gocrypto is currently present in 15 countries and more than 150,000 products can be bought using its system. The countries are Argentina, Austria, Bulgaria, Colombia, Croatia, Czechia, Hungary, Japan, Portugal, Romania, Slovakia, Slovenia, Switzerland, the U.K., and Venezuela. In some countries, the system is operated by Gocrypto’s partner Xpay. At the time of this writing, the Gocrypto website is showing 1,416 merchants using its system, only 95 of which are online stores. Gocrypto’s map showing where merchants accepting cryptocurrencies are located. You can search for stores by country and category. The Gocrypto system consists of one or more point-of-sale (POS) terminals connected to the Gocrypto payment network. Customers can use bitcoin, bitcoin cash, ether, the euro token, and Gocrypto’s native token GOC to pay for goods and services. Merchants receive payments in their local currency. Currently, Gocrypto is compatible with the Elly wallet app and the  Wallet. The first version of Gocrypto, Elipay, was tested at BTC City Ljubljana, one of Europe’s biggest shopping centers, which has about 21 million visitors a year. Merchants accepting cryptocurrencies can also be found on websites such as Acceptbitcoin.cash and Green Pages. In addition, [map.Bitcoin.com](http://map.Bitcoin.com)  currently shows about 500 merchants accepting bitcoin cash in Slovenia. What do you think about crypto adoption in Slovenia? Let us know in the comments section below. Viabtc Founder Reveals BCH Fork Idea Called Bitcoin Cat Goldman Sachs Cryptocurrency: Possible Collaboration With JPMorgan and Facebook TAGS IN THIS STORY Bitcoin City, btc city, eligma, Gocrypto, gocrypto merchants, slovenia adoption, slovenia bitcoin, slovenia crypto Image Credits: Shutterstock, Pixabay, Wiki Commons, Gocrypto Spot-markets for Bitcoin, Bitcoin Cash, Ripple, Litecoin and more. Start your trading here. DISCLAIMER COMMENT In Case You Missed It Government-Owned Swiss Bank Launching Crypto Trading and Custody Services Basler Kantonalbank (BKB), Switzerland's eighth-largest bank, is getting into crypto through its subsidiary, Bank Cler. Owned by the Swiss Canton of Basel-City, BKB has total assets of approximately $49 billion. Swiss Canton Bank Launching Crypto Services Local Swiss government-owned commercial ... read more. Latest NewsSouth Korea’s Largest Bank Unveils Bitcoin Custody ServicesViabtc Founder Reveals BCH Fork Idea Called Bitcoin CatNew York Regulator Fast-Tracks 10 CryptocurrenciesGoldman Sachs Cryptocurrency: Possible Collaboration With JPMorgan and FacebookCrypto Adoption Soars in Slovenia: Over 1,000 Locations Accept CryptocurrenciesNew Kenyan Digital Tax to Affect Crypto PlatformsBlockchain Analytics Show Altcoins 2x More Prominent in East Asia Compared to North America Most Popular New York Regulator Fast-Tracks 10 Cryptocurrencies REGULATION | 11 hours ago Goldman Sachs Cryptocurrency: Possible Collaboration With JPMorgan and Facebook NEWS | 14 hours ago Square's Cash App Bitcoin Revenue Surges 600% in Q2, Profit Up 711% NEWS | 3 days ago Testimony From Craig Wright's Ex-Wife Throws a Twist in the Billion Dollar Bitcoin Lawsuit NEWS | 2 days ago Bitcoin P2P Trading Soars in India as New Exchange Launches MARKETS AND PRICES | 3 days ago $5.6 Million Double Spent: ETC Team Finally Acknowledges the 51% Attack on Network SECURITY | 3 days ago Press releases Lumi Wallet Web Widget: Cryptocurrency Exchange on Your Website Aug 7, 2020 Bluehelix Global Expansion – Strategically Cooperates with Japanese Licensed Exchange Xtheta Aug 6, 2020 Orchid: Bringing Decentralization to VPNs Aug 5, 2020 Older Posts Products & Services Get Bitcoin Spend Bitcoin Bitcoin Data Follow Company © 2020 Saint Bitts LLC All rights reserved. Privacy PolicyTerms of UseBitcoin WhitepaperSitemap

New Kenyan Digital Tax to Affect Crypto Platforms Kenya Revenue Authority (KRA) has announced new regulations that compel users of digital marketplaces to pay digital tax. At a rate of 1.5% on gross transaction value, the new tax is expected to take effect on Jan. 1, 2021. According to a report, the KRA will create a special tax unit to track and tax transactions using “data-driven detection.” Still, the report notes that “at this stage, the precise meaning of a digital market place and those who will be impacted by the digital tax is unclear.” Kenya’s Finance Act broadly defines digital marketplace “as a platform that enables the direct interaction between buyers and sellers of goods and services through electronic means.” The report asserts that cryptocurrency platforms “fall under the digital marketplace designation since they offer a platform for buyers and sellers of crypto through electronic means.” Like many countries on the African continent, Kenya does not yet regulate cryptocurrencies although the report notes the KRA has been pushing the central bank to recognize these assets for revenue collection purposes. Commenting on the lack of clarity of the new regulations, David Gitonga, founder & Managing Editor at Bitcoinke, says the digital tax will nudge Kenya towards the regulation of cryptocurrencies. “I think this bill is going to put a spotlight on many digital activities, including crypto trading, and this might open the door to some form of crypto regulation,” said Gitonga. He goes on to explain that “crypto regulation has long been ignored because there is a general lack of understanding of how fast this space is growing in Kenya.” Kenya is consistently ranked as one of the top five African countries with high volumes of P2P bitcoin trading. As the Kenyan government has been looking for more ways to raise tax revenues, Gitonga believes “they will now give the crypto space a second look once they realise revenues that are being generated, especially on P2P platforms operating in Kenya.” He adds this will probably kickstart “talk around regulation in order to capture this market.” Will Kenya succeed in enforcing this tax regulation? Tell us your thoughts in the comments section below. US Congressmen Want IRS to Balance Taxation and Innovation in the Cryptocurrency Space South Korea to Charge 20% Tax on Bitcoin Profits Under New Law TAGS IN THIS STORY bitcoin p2p, bitcoin trading, crypto trading, Cryptocurrency regulation, digital marketplace, digital tax, Kenya Revenue Authority, Tax Revenues Image Credits: Shutterstock, Pixabay, Wiki Commons Use Bitcoin and Bitcoin Cash to play online casino games here. DISCLAIMER DISCUSSION In Case You Missed It Government-Owned Swiss Bank Launching Crypto Trading and Custody Services Basler Kantonalbank (BKB), Switzerland's eighth-largest bank, is getting into crypto through its subsidiary, Bank Cler. Owned by the Swiss Canton of Basel-City, BKB has total assets of approximately $49 billion. Swiss Canton Bank Launching Crypto Services Local Swiss government-owned commercial ... read more. Latest NewsSouth Korea’s Largest Bank Unveils Bitcoin Custody ServicesViabtc Founder Reveals BCH Fork Idea Called Bitcoin CatNew York Regulator Fast-Tracks 10 CryptocurrenciesGoldman Sachs Cryptocurrency: Possible Collaboration With JPMorgan and FacebookCrypto Adoption Soars in Slovenia: Over 1,000 Locations Accept CryptocurrenciesNew Kenyan Digital Tax to Affect Crypto PlatformsBlockchain Analytics Show Altcoins 2x More Prominent in East Asia Compared to North America Most Popular New York Regulator Fast-Tracks 10 Cryptocurrencies REGULATION | 11 hours ago Goldman Sachs Cryptocurrency: Possible Collaboration With JPMorgan and Facebook NEWS | 14 hours ago Square's Cash App Bitcoin Revenue Surges 600% in Q2, Profit Up 711% NEWS | 3 days ago Testimony From Craig Wright's Ex-Wife Throws a Twist in the Billion Dollar Bitcoin Lawsuit NEWS | 2 days ago Bitcoin P2P Trading Soars in India as New Exchange Launches MARKETS AND PRICES | 3 days ago $5.6 Million Double Spent: ETC Team Finally Acknowledges the 51% Attack on Network SECURITY | 3 days ago Press releases Lumi Wallet Web Widget: Cryptocurrency Exchange on Your Website Aug 7, 2020 Bluehelix Global Expansion – Strategically Cooperates with Japanese Licensed Exchange Xtheta Aug 6, 2020 Orchid: Bringing Decentralization to VPNs Aug 5, 2020 Older Posts Products & Services Get Bitcoin Spend Bitcoin Bitcoin Data Follow Company © 2020 Saint Bitts LLC All rights reserved. Privacy PolicyTerms of UseBitcoin WhitepaperSitemap