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Crypto currency has gained popularity in the Baltic countries

Companies from various sectors of the economy, including the hotel industry, real estate, online trading and even healthcare, use payments in Digital Currency. Some companies offer their services around the world.

Increasingly, crypto-currencies are used in Estonia, Latvia and Lithuania, where buying a cup of coffee for BTC is not something special these days. According to local media, hotels, souvenir shops, bars, restaurants and an orthopedic clinic now accept digital currencies.

Real estate for bitcoins

Payments in virtual currency were introduced into the real estate business by several companies that sell residential units and land plots in the Baltic States. In the near future, potential buyers will be able to buy houses and land in the cottage village of Auray. Now it is being built near Vilnius, the capital of Lithuania.

You can buy real estate for a digital currency in neighboring Estonia and Latvia. The Latvian branch of Baltic Real Estate Sotheby’s International Realty offers penthouses and apartments in Jurmala for Bitcoin.

Recently, the Estonian realtor LAAM Kinnisvara reported that for apartments in the city of Maardu, located 15 minutes from Talin, you can pay in the crypto currency. Of the 44 buildings, a third was already sold for the digital currency. The next deal in BTC will take place next week.

Clothing for crypto currency

More than 30 places in Vilnius accept payments in virtual currency, in Tallinn – 26, in Riga – 21. According to Coinatmradar, in the capitals of Lithuania and Estonia it is possible to find bitcoin-ATMs.

About a month ago the United Colors of Benetton company in Lithuania began accepting payments in the crypto currency. The fashion brand store in Vilnius now accepts Steem, Dash, ETH, BTC and NEM through a partnership with Coppay. The payment provider from Belarus also offers instant conversion to the currency of the currency at the exchange rate.

It is worth noting that in Lithuania there is already a platform similar to that supported by Coppay. Recently, a local company Coingate signed an agreement with a French developer of solutions for online payments. Thanks to this partnership with Prestashop, Lithuanians will be able to provide services to 80,000 companies around the world.

Lack of regulation

At the moment, none of the Baltic countries adopted the rules for the regulation of digital currencies. Recently, Latvia has attempted to partially recognize crypto-currencies for tax purposes. The government of Riga said that the BTC can act as a means of exchange. As a result, the digital currency will be taxed 20% on capital gains when making transactions.

The most developed Baltic country can be considered Estonia, which is considering the issue of its own crypto currency. This idea is not refuted by Tallinn, despite the negative position of the European Central Bank.

For some time, the Central Bank of Lithuania opposed virtual currencies. Recently, representatives of the bank began to discuss with the representatives of the cryptocurrency sector possible development of the regulatory framework.

“Blind denial, reluctance to work and understand the world of digital currencies will lead to nothing”, – said a senior official of the Bank of Lithuania.

The post Crypto currency has gained popularity in the Baltic countries appeared first on Target Veb.

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Crypto currency has gained popularity in the Baltic countries


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