Cryptocurrency is taking the world by storm, and nowhere is that clearer than here in the USA. Already, both the White House and various states have implemented a strategic crypto reserve which will allow state treasurers to utilize crypto. Additionally, on a more personal level, recent statistics have revealed that 28% of American adults own cryptocurrency, and many more intend to invest in it in the future. Atlantic City itself, although it does not yet have state regulations, is home to hundreds of crypto enthusiasts. In this article, we’ll explore some of the best places to use your digital assets in Atlantic City and how to go about doing so.
Before we dive into where to spend crypto, we need to first pay attention to where Atlantic City residents can store their crypto once they have bought it. This is where crypto wallets come into play. There are many crypto wallets available to Atlantic City residents, including hard wallets and soft wallets. Hard wallets refer to crypto storage devices that exist externally, for example, on a hard drive, whereas soft wallets are, as the name would suggest, elements of software that allow digital assets to be stored digitally. Not only can crypto wallets be used for the most popular forms of cryptocurrency, such as Bitcoin and Ethereum, but there are also countless options available for the funner form of cryptocurrency, memecoins. For example, the best Dogecoin wallets give Atlantic City residents access to effective non-custodial storage without having to go through know-your-customer checks.
Additionally, some Atlantic City residents might be new to the world of cryptocurrency and be looking to invest for the first time. Luckily, purchasing the most popular form of cryptocurrency is now easier than ever in Atlantic CIty due to the recent emergence of Bitcoin ATMs. Bitcoin ATMs enable investors to purchase (and sometimes sell) cryptocurrency by using their debit or credit card. There are a total of 63 Bitcoin ATMs in and around Atlantic City, so it shouldn’t be difficult to find one. Even the world-famous Hard Rock Hotel and Casino have made crypto ATMs accessible on site for all their guests.
Once Atlantic City residents have purchased their cryptocurrency and are able to store it, they now need to find places to use it. One of the most crypto-supportive industries in Atlantic City is the casino industry. Several online options have integrated crypto as a payment method for players. This can be especially enticing for gamblers hoping to make an additional bet on the volatility of crypto, meaning the tendency of cryptocurrencies to rise or fall in value over time. However, it should be noted that if Atlantic City residents are visiting a traditional casino, they will not be able to use cryptocurrency to gamble, but instead may be able to use the payment method for adjacent payments, such as hotel rooms or food and drink.
Another great place to use cryptocurrency in Atlantic City is with retailers. An impressive number of both big-name brands and independent companies have begun to allow cryptocurrency as a payment method for their goods. For example, Borgata Hotel Casino and Spa have accepted Bitcoin payments since 2023, and the popular local surf shop, Seaside Gear, has integrated various cryptocurrencies into its day-to-day business. Atlantic City residents can keep an eye out for stores that advertise their acceptance of cryptocurrency and scan a QR code at checkout to make purchases using their own digital assets.
As cryptocurrency continues to gain popularity on a global scale, it is very likely that it will continue to be adopted by various institutions and businesses across Atlantic City. Until then, though, it is relatively easy to find places to use your crypto in Atlantic City, as long as you know where to look.