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Crypto-friendly cities: Torrevieja (Spain) creates a plan to pay with crypto

15 February 2024

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Torrevieja, a tourist center in the Spanish province of Alicante, will allow shops to accept cryptocurrency payments, paving the way for greater adoption. Torrevieja is a city of nearly 90,000 inhabitants and aims to become one of the first cryptocurrency-friendly locations in Spain. The city, in alliance with Apymeco will encourage the use of cryptocurrency as a payment option and provide courses for shops interested in learning how to receive and use cryptocurrency.

Last week, the city revealed a multi-phase plan to become a cryptocurrency-friendly location with the help of Apymeco, the local merchants association. Jorge Almarcha, president of Apymeco, said: "In Spain, since 2015, it has been legal to pay with cryptocurrencies. However, it was not until today that we wanted to democratize its use as a means of payment in standard, neighborhood and traditional commerce".

We can say that Torrevieja will play a central role for the studies e for the models of crypto economy that will also contribute to create new job titles. There will be three phases towards this crypto "transition" that will help bulding a solid future of this new decentralized economy.

  • The first phase of the plan, which seeks to increase the digitization of business transactions using blockchain technology, will promote commerce through cryptocurrency as a transactional tool, aiming to enable shops to collect payments for goods and services using crypto.
  • The second phase will focus on sustainability, seeking to generate a positive effect on the environment and to recover and save the green spaces of Torrevieja.
  • The third phase will improve conditions for technology companies to establish themselves in the city, offering financing to bring more IT jobs to the city.

SOURCE: Bitcoin.com

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