When deciding to invest in the king cryptocurrency, one of the most frequent questions people ask is what they can buy with it.
Even though brands hesitate to accept Bitcoin as a means of payment, whether in their stores or on their website, it’s evident that the trend of acceptance is unstoppable and will continue in the future.
If you are looking for places that accept this means of payment, there are several directories to list them, near you or on the other side of the world. For example, there is a map of establishments accepting Bitcoin around the world. Go on coinmap.org. And you will find out.
It is also possible to spend your Bitcoins on many websites, thanks to Paypal. The famous online payment service now accepts Bitcoin transactions.
According to Coinmap.org, nearly 15,000 places around the world accept paying for goods and services using Bitcoin. The actual number of providers who accept Bitcoin is likely to be much higher, given that Bitcoin is already a legal payment instrument in countries like Japan.
Well-known companies that accept Bitcoin
Many companies today accept Bitcoin, but it also depends on where you are located and your needs. Although Bitcoin is more popular among retailers, several well-known companies accept Bitcoin payments as well.
For example, if you need gift cards, Gyft and eGifter accept Bitcoins. These gift cards can be used at many retailers.
If you want something special and probably not mass-produced, Shopify and Etsy can help.
If you need a gift for some special geek in your life (including yourself!), You’ll find everything from Marvel heroes to the games of your youth at Geekorama.
Do you need something from Amazon but realize they don’t take Bitcoins? Purse is here to help you redeem your Bitcoins for Amazon gift cards.
If gift cards aren’t for you, Overstock is an alternative to Amazon. It accepts Bitcoins as well as the most popular altcoins.
Want to travel somewhere? Bitcoin.travel and Cheapair.com will help you book your airline tickets and hotels with Bitcoin.
Some cafes and museums also accept Bitcoin and cryptocurrency, but you should check them individually. You will need to do individual research to find which ones.
Other ways to spend your Bitcoins
There is also an indirect way of spending Bitcoin by getting a BTC-based credit card like Xapo, BitPay, Uquid, and other service providers. The TenX, Pundi X, and Crypto.com cryptocurrency projects ensure that you can pay in Bitcoin and cryptos in everyday life. The goal behind the cryptocurrency is to create a system that will allow for the movement of any kind asset between different blockchains without the need for an intermediary. you should invest it in by knowing How to buy Polkadot in New York.
Overall, a retailer that accepts Bitcoin will be increasingly successful due to network effects and its appeal to a larger target group.
However, people are starting to get to better know the perks of using cryptocurrencies and their purpose. Since its price soared, reaching $60 000 at one point, many are looking for ways of acquiring and trading Bitcoin or other altcoins like Ethereum, Ripple, or Doge.
Although many skeptics still argue that Bitcoin is not a suitable payment system due to fluctuations in prices and the unregulated nature of the blockchain, the Bitcoin network is still relatively young and is expected to grow, develop and improve in the future.