West LA features some of the most innovative regions of the city. This comes as no surprise since it also features some of the most affluent parts of LA. With Cryptocurrencies back in the spotlight under the Trump administration, according to Coinbase, California also leads the way among the top 10 states in terms of crypto adoption.
Many retailers in West LA have caught onto this fact and embraced cryptocurrency payments as a result. From small cafes to luxury retailers usually associated with immense wealth, there are plenty of ways residents of West LA can use their crypto. This has driven demand for crypto portfolios around the region—both as an investment and a contemporary way to engage certain services and pay for products.
According to senior Web3 writer Ines S. Tavares, the best crypto to buy right now aren’t necessarily the biggest and best-known ones like Bitcoin. While these are great for long-term growth, many new projects represent better opportunities for short-term gains. By staying abreast of high-potential projects and low-risk options, new and existing traders can more easily identify cryptocurrencies that are worth taking the plunge for.
Given the volatility of cryptocurrencies, experts like Tavares also recommend using a scientific and measured approach to crypto investment. While risk is innate, many Californians now know that crypto can actually also lead to massive gains if buy-ins are approached in a smart and considered manner.
However, if you’re from West LA and already have a crypto portfolio, spending it can be just as rewarding. Online services represent a great way to use crypto, given its own digital underpinnings. As one of Bitcoin’s earliest adopters, Microsoft allows for crypto payments in both its Microsoft and Xbox stores, though individual offerings may vary.
If you’re in the market for something more high-end, you can now even purchase real estate using crypto. In 2021, a massive mansion in Beverly Hills made headlines when it was advertised for sale at $65 million and could be purchased using crypto. Augmenting this craze, local realtor companies like Propy now famously facilitate real estate transactions in LA using crypto payments and blockchain technology’s useful smart contracts applications.
If you’re after something yummy, The Cheesecake Factory also accepts Bitcoin. For those concerned with healthier meals, Whole Foods is also another major chain store that accepts cryptocurrency payments. For patrons who want a fully digital service, they can combine crypto payments with one of Whole Foods’s delivery partnerships and receive all their goods without ever needing to leave home.
Similar to the applications of crypto in luxury property sales, high-end vehicle dealerships like O’Gara Beverly Hills accept payments via BitPay. This means Angelenos can now purchase anything from a Bentley to a Bugatti, and even a Rolls Royce using cryptocurrency.
These kinds of crypto integrations and services prove how committed Los Angeles is to ensuring that crypto is embraced throughout the city. There’s now a wide range of ways to buy things in West LA using crypto. If you’re interested in doing so, simply check in with your local retailer if they accept crypto payments, which tokens you can use, and what options are available to facilitate such payments.
