Cryptocurrencies have gained a great deal of popularity over the past few years, and most of this fame is due to the escalating prices of Bitcoin and Altcoins in recent times.
Cryptocurrencies such as Bitcoin and Ethereum were introduced to carry out daily transactions without intermediary banks and the government. However, these coins’ relentless growth has intrigued many people, including some significant institutional traders and investors, who now consider cryptocurrencies an asset.
Nevertheless, cryptocurrencies are still considered highly volatile. An example of that is the recent dump of the crypto market, where Bitcoin was at its all-time high of $62,926 and is currently at $35,530. This constant pump and dump bring us back to the original purpose of cryptocurrencies, which is to use them as a form of digital payment.
There are tons of things and services that we can buy with cryptocurrencies, and here’s a list of some of those things.
Everyone in the crypto space has heard the story of a guy who ordered pizza from Papa John’s; he bought two pizzas for 10,000 Bitcoins in 2010. This scenario may sound absurd because the current Bitcoin market is sky high, but it was a fair exchange at that time.
After that, Burger King also started accepting Bitcoins in 2016 and offered to give one whopper free on every whooper purchased with a cryptocurrency. Numerous restaurants accept cryptocurrencies; some big names include Domino’s, KFC, Subway, Pizza Hut, and Taco Bell.
In various countries, it is still difficult to buy food with cryptocurrencies. However, this process can be done by using third-party apps. An example of this is the lightning app that is used to order Domino’s pizza.
Another basic necessity that you have the privilege to purchase with cryptocurrency is clothes. You can buy complete outfits from your favorite brands and small items such as socks and hats. Places like MtSocks and Unisocks Exchange enable you to buy socks efficiently just by connecting your crypto wallet.
There are various online stores with millions of products that accept cryptocurrencies as a payment method, and they also offer gifts if you buy clothes with digital currencies.
Elon Musk has been the most prominent figure in the crypto world since the start of 2021. He has been influencing the prices of cryptocurrencies such as Bitcoin and Dogecoin. After impacting the prices of cryptocurrencies from social media, he announced that Tesla will now accept bitcoins.
Apart from Tesla, many luxury car manufacturers allow you to buy cars with cryptocurrency. You can also buy cars using digital currency on online car purchasing websites such as AutoCoincars. Major car manufacturers like Ferrari, Porsche, Bentley, and Mercedes also accept digital currencies.
You can also use third-party apps specifically made to buy cars that do not fall in the luxury category. These include some industrial vehicles such as trailers, tractors, and trucks.
4. Real estate
This part will fascinate people who like to keep their assets in a physical form instead of storing them in a virtual wallet. Buying an asset with another valuable acquisition sounds like fair trade, and purchasing real estate with digital currencies is widely considered one of the best investment choices. Real estate agents and numerous real estate owners are now accepting cryptocurrencies as payment for their properties.
All you have to do is choose the location of the property you want to acquire and pay with your crypto wallet. Some properties that you can buy include condos, apartments, villas, and chalets.
Talking about assets, one more thing that falls in the asset category and can be bought with cryptocurrency is gold. You can now purchase gold with cryptocurrencies, and JM Bullion is the name that is famous among the people who want to convert their volatile assets into non-volatile ones.
You can also buy jewelry such as rings, earrings, necklaces, and bracelets. Besides this, you can also purchase precious items such as diamonds using your crypto wallet.
6. Gadgets and Electronic Equipment
Gadgets play a vital role in helping us manage our crypto wallets and keep track of our digital currencies. Many electronic devices are available online to be purchased with digital currencies such as smartphones, laptops, desktops, tablets, cameras, and drones. Knowing the importance of gadgets in our lives, e-commerce stores and online gadget stores also accept cryptocurrencies.
Amazon also provides a way to purchase electronic items with Bitcoin, but the user has to use a third-party app called purse to carry out the purchase. All a customer has to do is paste the link of the item they want to buy on the purse app and carry out transactions there.
Whether you want a movie ticket or you’re interested in a concert, you can do it all with digital transactions, and there are countless options where you can pay for the tickets online. Some prominent football and basketball teams also accept digital currencies. For instance, the NBA franchise Dallas Mavericks and the NFL franchise Miami Dolphins take Bitcoins and Litecoins against their tickets, offering special discounts. Oakland A’s are also selling full-season luxury suites for one Bitcoin.
8. Vacations and Trips
From booking a flight to staying at a hotel, you can pay for everything with cryptocurrency during your vacation. Various apps allow you to convert your crypto money to your standard currency and pay for the airline ticket. Whereas airlines such as airBaltic and hotel chains such as Kessler group directly accept digital payments.
With that being said, you can also pay using crypto credit cards and take money out of crypto ATMs on your vacation. These facilities are not available everywhere but are being gradually implemented all over the world.
9. Gaming products and other Software
The gaming world is changing rapidly, and gone are the days when gamers bought CDs of games. These days purchasing games from online marketplaces have become more convenient for gamers. Introducing cryptocurrency as a payment method has made life easier for many gamers; some dominant gaming platforms such as steam have started accepting digital currencies as payment.
Software firms like Microsoft have also been accepting Bitcoin for their services and products. These services and products are for both business and commercial use.
There is nothing better than buying cryptocurrency with a cryptocurrency. Traders mainly capitalize on this and make huge profits for themselves and their clients. All they do is spend the coin that will dump on the cryptocurrency that will pump and set themselves up for a huge profit.
Cryptocurrency has been changing the world in ways no one would have imagined when it was first introduced. Today there is almost nothing that you can’t buy with these digital coins. However, it would be best if you didn’t use it for fraudulent and illegal transactions.
Every transaction made on the deep web is with the help of cryptocurrency, and we must avoid such things; we should utilize this currency for its actual purpose and try to use it for good causes such as donations.