Malta’s capital, St. John’s, is now one of the first European capitals to officially recognise Bitcoin Cash, a rival currency to Bitcoin.
The news comes as Bitcoin Cash’s value has risen rapidly and has hit new record highs, after reaching an all-time high of $9,900 on Sunday.
St. John has been working closely with the Bitcoin Cash community to make sure that businesses, banks and individuals can use Bitcoin Cash for payments and other purposes.
However, with the support of the Malta government, the Bitcoin community is continuing to work with the government to implement regulations to make Bitcoin Cash more widely accepted.
Malta City has been a key hub for Bitcoin and cryptocurrency in Europe, with a total of more than 2,000 Bitcoin ATMs in the city.
As a result, the city is now the first major European country to officially accept Bitcoin Cash.
Michelin, the leading international airline in Malta, has also been accepting Bitcoin Cash since late January, as it announced plans to allow Bitcoin Cash payments for flights between the two countries.
As Malta’s cryptocurrency boom continues, Bitcoin Cash is expected to continue to rise in value.