San Francisco is actively embracing cryptocurrency, with several businesses in the city now accepting digital currencies and over 400 crypto ATMs available for residents and visitors alike. San Francisco’s Bay Area is also home to Ripple Labs, Chainlink Labs, Robinhood Markets, Compound Labs, the decentralized music streaming service Audius, BitGo, Near Protocol, and Oasis Labs.
According to Coincub, there are over 100 crypto-accepting businesses in San Francisco, with crypto-friendly banks like Kraken, Series FI, Anchorage Digital, and Juno Bank having headquarters in the city. San Francisco’s early embrace of cryptocurrency goes back to the inception of Bitcoin. The city served as a meeting place for some of the first crypto meetups and conferences. Even today, it remains a meetup place for crypto enthusiasts.
Moreover, San Francisco became home to one of the earliest retail establishments embracing Bitcoin, as 20Mission opened Nakamoto Electronics in 2015. The store is still operational and has led to the growth of many crypto startups, including Piper Wallet, Block-Chain.info, 37Coins, and Tradehill.
The US dominates North America’s crypto penetration and acceptance
The US is well ahead of Canada in North America, with more than 30 crypto banks based there. However, Canada is also doing well for itself having about five crypto banks including BlackBanx, Versa Bank, Ledn and Royal Bank of Canada.
Panterra Finance CEO, Sam McQuade, commented on North American adoption:
In North America, the juxtaposition of innovative spirit against regulatory hurdles paints a complex picture of the crypto banking landscape. While the region boasts a vibrant ecosystem of startups and established players pushing the boundaries of digital finance, the pace of regulatory clarity remains a critical factor shaping its global competitiveness. The drive towards embracing crypto banking services reflects a broader ambition to lead in financial innovation, contingent upon a harmonized regulatory framework.
– Sam McQuade
Aside from San Francisco, Dallas, New York, Jersey City, Detroit, and San Diego are becoming more crypto-friendly. For instance, New York acts as the base for multiple crypto-friendly banks like JPMorgan Chase, Bank of New York Mellon, Bank of America, Goldman Sachs, and Safra Bank.
Recently, though, the rise of the AI sector has presented a challenge, drawing attention and resources away from crypto. Despite this, the crypto community in San Francisco continues to grow.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed