While Salisbury might be a traditional Southern city, it is a city evolving with the times as it has also begun embracing the digital age. With the rise of cryptocurrency, more and more businesses in the area are beginning to accept digital currencies as payment. Tech companies, clothing retailers, and many more have all joined the bandwagon accepting cryptocurrencies like Bitcoin and Ethereum as payment methods. This article explores the various places in and around the Salisbury area where you can spend your cryptocurrency.

Online and Mail Order Options

The most common way people use cryptocurrency in Salisbury is for online shopping. Major online retailers allow customers to use crypto instead of fiat currencies.

 

• • Newegg: This leading online retailer for electronics and computer parts accepts Bitcoin.
  • Overstock: This specific online retailer specializes in home goods and furniture and only accepts Bitcoin and no other cryptocurrency.

• Crypto Gambling Sites: Since fiat currency online casinos are not yet allowed in NC, crypto casinos are thriving as they are accessible in states with restrictive gambling laws. These sites allow players to enjoy all their favorite casino classics from the comfort of home, funding accounts with cryptocurrencies for faster, anonymous transactions.

• PacSun: Fashion retailer PacSun only accepts cryptocurrency payments using Bitpay. The retailer accepts Bitcoin, Ethereum, and Litecoin.
• JomaShop: JomaShop sells luxury jewelry and watches online and accepts Bitcoin, Bitcoin Cash, Dogecoin, and Ethereum through BitPay only.
• Dish Network: This online retailer accepts over 100 different cryptocurrencies using BitPay.

Local Businesses

It is not just the major online retailers allowing customers to use crypto to shop online. Many local businesses in Salisbury have also taken a keen interest in accepting cryptocurrencies as a form of payment. Burger King allows customers to pay for their meals using cryptocurrencies while DoorDash allows customers to pay for their food deliveries using cryptocurrencies. AMC Theatres, Adidas, and Barnes and Noble are among the many local retailers that accept cryptocurrencies.

 

When shopping locally, don’t hesitate to ask if the store accepts cryptocurrency payments. It may surprise you just how many of them do. Most local stores accept cryptocurrencies using BitPay, including farmer’s markets, restaurants, and cafes. Salisbury has eight Bitcoin ATMs available for residents looking to buy cryptocurrencies. CoinFlip, Bitcoin Depot, and DigitalMint convert Bitcoin into cash if consumers need to make purchases at places that do not accept crypto directly. 

Building a Crypto-Friendly Community

If you are a business owner in Salisbury and you understand how cryptocurrency works, how it benefits the world and its users. Businesses can be ambassadors for cryptocurrency by accepting popular cryptocurrencies like Bitcoin and Ethereum. This not only attracts crypto enthusiasts but also better positions businesses as forward-thinking. Collaborate with local crypto startups and ATM providers to promote your business and attract crypto users.

 

Start by encouraging other businesses to join the bandwagon. It is always so much better when more businesses are participating together. Highlight the key benefits of such a feature for a business and just how much more marketable they’ll be. Once more small businesses join in, start supporting those businesses a little more. Buy locally with crypto instead of outsourcing from the bigger corporations and let the success speak for itself. 

Rules of Cryptocurrency in Retail

If you’re afraid of scams or illegitimacy, and if a business’ crypto operations are not above board, there are protections for the consumer. While Salisbury has no specific regulations regarding the use of cryptocurrency in retail, the state of North Carolina does. The state has implemented measures to ensure consumer protection and to also prevent financial crimes related to cryptocurrency. These regulations include:

The Money Transmitters Act

This regulatory framework is designed to oversee businesses that engage in money transmission activities within the state. This includes the transfer of funds or monetary value, which can also include cryptocurrency transactions. Businesses must apply for a license from the North Carolina Office of the Commissioner of Banks before they can start operating legally. This requirement applies to businesses that are involved in the sale or issuance of payment instruments, store value, or receive money for transmission both locally and internationally.

 

Consumers have the right to ask the business for its license and check the license number. Money transmitters are also required to submit reports and to maintain accurate records of the use of that money, including cryptocurrencies. All crypto purchases must be adequately recorded to ensure compliance which aids in the prevention of money laundering and fraud. Consumers are asked to never give out crypto wallet passwords or usernames to anyone.

Conclusion

While Salisbury, NC, may not be a cryptocurrency hub like some larger metropolitan areas, the city is taking huge steps toward embracing digital currencies. While local options for spending crypto might be limited compared to online platforms, there is strong potential for significant growth. For residents and visitors alike, this trend opens up new possibilities for spending and investing in digital assets.