The number of businesses adopting cryptocurrency as a form of payment is still tiny – although multiplying – compared to fiat, the dominant currency. Many countries have a small or even zero percentage of crypto-friendly merchants. Canada is one of the countries that lead the world in crypto adoption: it has more DeFi projects than almost any other nation, and its government has taken an open stance on blockchain and cryptocurrency developments.

Debunking the myth that crypto has no sustainable future

Over the years, the cryptocurrency market has been the main resort for many investors who traded with Bitcoin, Ethereum, USDT, Solana, and other cryptocurrencies. Tha created the impression that you should buy USDT and then sell it for profit.

But behind the facade of speculating with the price of crypto, there are real projects with real-world solutions – faster payments, cutting middlemen, more secure finance, and next-level industry standards. For many, blockchain development, along with cloud technologies and IoT, is actually the beginning of Industry 4.0.

What’s in for crypto holders in Toronto?

With a crypto craze sweeping Toronto, it’s no surprise that businesses want to get in on the action. Cryptocurrencies are seen as a new form of payment – and one that many businesses are eager to offer their customers. Toronto businesses have begun to embrace cryptos with open arms. Customers can use their digital currency to buy real things in stores where they can pay for their purchases with fiat currency.

How to use cryptocurrency in Toronto

Let’s see where you can spend your hard-earned Bitcoins, Ethers, or other currencies in Toronto, Ontario. While there are many more, these are some of the best ones in the city.

ATMs – bring them on!

Instacoin is a network of ATMs throughout Canada allowing you to buy or sell your favourite cryptocurrencies and buy prepaid cards. Instacoin ATMS are easy to find in many cities across Canada and can offer you a simple way of buying and selling over 12 popular cryptocurrencies. So, if you’re looking for Bitcoin ATM Toronto, Instacoin is your best choice.

Liv.rent

Liv.rent is a service that helps tenants find accommodation in Toronto at a great price, and it can be used by both landlords and tenants alike. One of the biggest cities in Canada, Toronto has one of the largest real estate markets in all of Canada; however, this can make it difficult for renters to find a home – but Liv.rent is here to help. With hundreds of homes available in and around Toronto, people can use Liv. Тhe best of all – you don’t have to spend 0 CAD to pay. You can access it with your Bitcoins.

Best Sleep

With Bitcoin, you can now buy beds, mattresses, and bedroom furniture for your home. Best Sleep is a new company selling high-quality home furnishings at low prices. Whether you’re in need of a mattress or box spring set or a bed frame, they have everything you could ever want. And all their products are coming at an outstanding value for money.

Matrix Mortgage

When you visit Matrix Mortgage, you will be able to find out about all of your mortgage options and get the most appropriate advice for your situation. The company accepts all major cryptocurrency, including Bitcoin and Ripple, as a form of payment to facilitate the purchase of homes and investment properties. With a team that has the expertise and the knowledge required to find you the right mortgage product, it can make home ownership more accessible than ever before!

Summary

You can now live on crypto in Toronto – from paying your rent or mortgage with cryptocurrency to paying for groceries or ordering takeout, local businesses and restaurants are getting on board with digital currency payments. With a growing number of merchants accepting digital currency payments, these transactions have become easier than ever before.