Bitcoin Adoption Grows Across Madeira Island
Until today, a total of 103 businesses & merchants on Madeira have adopted Bitcoin as a payment method, marking a significant step in the region’s cryptocurrency integration. This milestone highlights Bitcoin’s growing presence in everyday commerce on the island, with the number of adopting businesses continuing to rise.
Merchants Across Multiple Sectors Embrace Bitcoin
Restaurants, cafes, services, and health-related businesses are leading the charge, with restaurants accounting for 22% of Bitcoin-adopting merchants. Other sectors such as leisure, commerce, and accommodation are also embracing digital currency:
Restaurants: 22%
Services: 19%
Cafes and Bars: 16%
Health: 15%
Leisure Activities: 9%
Commerce: 8%
Sports and Wellbeing: 6%
Accommodation: 4%
Together, we are not just fostering a new payment method; we are paving the way for a brighter future for Bitcoin commerce. The circular economy model we are building here in Madeira is a testament to the potential of bitcoin to transform local economies and connect vibrant communities.
FREE Madeira
Building a Bitcoin-Powered Economy
Madeira’s growing Bitcoin economy reflects efforts to create a circular model, encouraging both merchants and customers to engage in cryptocurrency transactions. Advocates see this as a model for other regions to follow. In Funchal, 62 businesses accept Bitcoin, followed by 8 businesses in Camara de Lobos and 4 in Canico and Calheta.
Bitcoin BTC Map
Find all businesses that support Bitcoin on the following map.
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