Torrevieja, a tourist hub in the Alicante province of Spain, will allow stores to accept payments in crypto, paving the way for greater adoption.
Torrevieja, a tourist hub in the Alicante province of Spain with a population of 82,000, intends to become “the first crypto-friendly city in Europe” by letting its stores accept cryptocurrencies.
On Feb. 6, the official website of the Torrevieja administration announced the city’s “ambitious digital transformation project,” a collaboration between the Department of Commerce of Torrevieja City Council and the Association of Small and Medium Merchants of Torrevieja.
To transform Torrevieja into a crypto-friendly city in Europe, the local government and businesses will digitize local commerce using blockchain technology.