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The billions of dollars already poured into crypto investments at the moment are already an overt indication that the world is indeed vying for decentralized finance. Ever since Bitcoin first showed the world the potential cryptocurrency had to offer as an investment vehicle, thousands more have been minted in the hope of all hitting it big the same way.
New Jersey is one of the leading states that are regarded as crypto hotspots with several cities that have adopted the use of digital currencies for day-to-day transactions. With a variety of options to choose from, here’s a look at how and where you can use crypto in NJ
Crypto-Friendly Cities in NJ
These days, with so many new tokens popping up all the time, it’s become far harder to predict which ones could do well. However, factors like those that have the best crypto presales usually provide a great indication of their potential. According to crypto expert Kane Pepi, presales often provide a good picture of which new offerings show promise of being scalable and resourceful, or which may lead to the next big breakthrough in blockchain technology.
All of this explosive growth has slowly made cryptocurrencies more popular as a payment method, with some states finding more ways to integrate them than others. For NJ, as the state’s largest city, Newark has a high concentration of businesses that accept various cryptocurrencies.
Other trailing cities that are crypto-friendly include Jersey City and Atlantic City, both of which have numerous restaurants, cafes, entertainment venues, and shops embracing crypto as a payment method. Additionally, real money online casino platforms that accept digital currencies via offshore sites can be accessed from NJ and combine the thrill of gambling hubs like Atlantic City with the exciting world of decentralized finance to provide a unique experience for crypto enthusiasts.
Retailers Accepting Crypto
When it comes to retailers that accept cryptocurrencies, NJ has a lot spread out across the state. For example, Helen’s Pizza has adopted Bitcoin for years now and even has seasonal specials centered on this digital currency. There are a lot more restaurants and coffee shops like this business mostly found in Newark and Jersey City that have a teeming community of Bitcoin enthusiasts that open up their crypto wallet for a quick bite. Other types of retailers that have adopted crypto include electronic and gadget stores as well as clothing shops.
Crypto-Enabled Services
Interestingly, the adoption of digital currencies extends beyond retailers and also includes forward-thinking real estate companies, law firms, and financial service providers. The adoption of crypto from such service providers adds to the convenience and flexibility customers have which attracts enthusiasts in NJ to use their services. On the other hand, gyms and fitness centers, such as the ones found in Hoboken have progressed and allow members to pay for their membership subscriptions and personal training sessions with crypto.
Events and Meetups
Conferences like the New Jersey Blockchain Conference and the Crypto Investing Summit are the perfect place for meeting other crypto enthusiasts and spending some coins to gain entry. These events are mostly frequented by investors and industry experts who also share some interesting remarks about the current state and future potential of the industry.
Future of Crypto in NJ
At the current rate of New Jersey’s crypto adoption, this state seems poised for continued growth and more widespread utilization. The proposed Digital Asset and Blockchain Technology Act could also further propel the prevalence of digital currencies in NJ by providing clear regulations which will most certainly attract more investment to the state.
In addition, the innovation hubs, and research institutions in partnership with universities continue to explore blockchain technologies and potential crypto applications, ultimately fostering further adoptions across the state.
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