Bitcoin: Use Cases. Part 2

in bitforex •  4 years ago 

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What Can You Buy with Bitcoin?

Travel

The travel industry is a highly competitive market. Travel agencies all over the globe are fighting for clients in all possible ways because they offer similar products to tourists—tour packages, air tickets, and hotel accommodation. The only way to differentiate their offers is through the price and slight differences in the services provided. One brand-new way to acquire a competitive advantage is to offer a new way for tourists to pay for services: with Bitcoin.

Some online travel platforms already allow users to purchase air tickets or book accommodations around the world and pay with Bitcoin. Some travel operators sell whole tour packages that include transportation, living arrangements, catering, and insurance in exchange for Bitcoin. The car rental industry is also keeping pace, and a few companies are already processing payments in the cryptocurrency.

There’s already an online service for finding the closest travel agency that accepts Bitcoin, so Bitcoin lovers can spend their hard-earned digital assets on travel to any part of the world. Bitcoin has become such a popular method of paying for tourist services that even airlines such as Virgin Airlines and platforms such as CheapAir have integrated crypto payment processes into their everyday operations.

Home Devices

Technological progress has filled our homes with lots of electronic devices and appliances, and millions of people buy them every day. Now, they can be bought with Bitcoin. Most producers of home devices are large multinational companies that produce a wide array of equipment for various purposes, so paying with Bitcoin will be secured and safe.

Now it’s possible to buy a TV of any quality, price, and size; kitchen equipment, such as an oven, or dishwasher; and many other appliances for the digital asset. Among the goods offered in exchange for the crypto are fridges, toasters, and coffee makers.

Furniture

Those holding Bitcoin have a wide range of choices about what to spend the coins on, and one option is furniture. People wishing to make a repair or change the décor of their home or office can use Bitcoin to buy construction materials.

Furniture manufacturers have established partnerships with Bitcoin payment systems to provide goods to all types of customers. Now, millions of Bitcoin supporters can fill their homes with new beds, sofas, shelves, chairs, are tables. Textile products are also on the list of items available for BTC—curtains, carpets, blankets, and cushions are all available. Whatever customers may be looking for to redecorate their homes, they will surely find goods that are sold for Bitcoin.

The list is expanding all the time. More and more products are now available in exchange for the most valuable digital currency on the planet. Products for newborns or older children, such as cribs, chairs, tables, and any other furniture for children’s rooms, are all out there and accessible to Bitcoin holders.

Bitcoin holders can get appliances for their hobbies with Bitcoin, as well. For example, crypto masters who love gardening can buy equipment such as indoor gardening systems, water supply appliances, and all other tools that might be useful to satisfy their needs. The list of hobbies is sure to expand soon. Bitcoin tries to provide its supporters with everything they need.

Real Estate

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Real estate has always been a popular asset acquired by many investors to save the value of their investments. It provides passive income in the form of rental payments, tax benefits, and profits from business activities. Numerous investors chose real estate as their main asset because property never loses its value. Now, the ability to invest in real estate is closer than ever because Bitcoin can be used as a method of payment.

Bitcoin owners can forget about trading on an exchange to receive good returns on their investments. Now, they can buy real estate, such as a house or an apartment, with Bitcoin. They can also buy land with the decentralized currency and build a house there, which they also pay for with Bitcoin. Many types of properties can be bought with Bitcoin, so probably there’s no need to dive deep into the construction process.

Real estate agencies are now competing in terms of the method of payment they offer their clients. Bitcoin community members can now choose any country, state, and city they want to own real estate in—everything is possible with Bitcoin.

Investing in real estate with Bitcoin brings about another way of yielding profits. They can sell the purchased property for fiat if the need arises.

Other Devices

Companies are starting to pay attention to the newly emerged method of payment in cryptocurrencies. Of course, Bitcoin is the most popular one, but some businesses have already started to compete by extending the number of digital currencies accepted. More and more goods are now available to crypto addicts, who can soon forget that fiat exists at all.

The market offers a lot of small-sized and small-priced personal items and office appliances in exchange for Bitcoin. Soon it’s going to be harder to recall the ones offered for fiat only than another way around. Sprays, cosmetics, accessories, mirrors, materials and thousands of other items useful in many areas of human life can now be acquired for crypto currencies.

Goods for Pets

Almost all goods and services for people can be bought with Bitcoin. Now, let’s discuss pets and pet products. A few online platforms accept Bitcoin payment for products for our favorite pets, such grooming products, brushes, dishes, and everything we need to keep our loved dogs, cats, and all other pets happy, healthy, and beautiful.

Online pet shops also sell wonderful houses and bed options for our little friends. All a pet lover has to do is to check the balance of their digital wallet and find the most convenient shop with goods for pets that processes payments in crypto.

Gold

Gold has always been considered a universal carrier of value. People who want to save their money and invest without severe risks buy gold.

Gold sellers follow market trends and have long accepted Bitcoin among the ranks of supported currencies. If Bitcoin holders want to securely store their funds, they can find a gold seller and buy gold with Bitcoin. The purchase can be processed online via the company’s website.

Notably, selling gold for Bitcoin is not a unique service offered by one company alone. There’s already a list of companies that accept Bitcoin in exchange for gold bars. It seems like the list will only grow in the future.

Paying with Bitcoin in Japan

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Japan was one of the first countries that favored payments with Bitcoin. A few companies decided to launch a mobile application that allowed users to make payments in crypto all over the country. The app helped maintain both businesses and customers, and it served as a trigger for companies to start accepting Bitcoin in all parts of Japan.

Thousands of shops implemented Bitcoin processing systems to distribute their goods and services to Japanese crypto owners. Today, Japan is a fully Bitcoin-friendly country with lots of cafes, shops, restaurants, supermarkets, and all possible ventures accepting crypto.

It seems like Bitcoin is relocating. Japan is trying to equip every industry with crypto payment systems to support crypto lovers. For example, hotels around the country offer tourists their services in exchange for Bitcoin. Those who have a digital wallet full of crypto can find themselves fully comforted in Japan because they can purchase any product or service with Bitcoin.

Untraditional Ways to Use Bitcoin

Bitcoin has made many revolutionary changes in the lives of ordinary people. One of the most prominent is access to education, which is now available to Bitcoin holders. A few innovative educational establishments, such as the University of Nicosia, have pioneered this area and started offering courses that can be paid for with Bitcoin. The yacht rental industry has also joined the game, with a few companies now providing rental services in exchange for Bitcoin.
A number of jewelry sellers have also agreed to sell their products for Bitcoin. Numerous gambling platforms and the world’s most famous casinos didn’t fall behind and now allow Bitcoin holders to pay with crypto to try their luck. They offer their clients the opportunity to deposit coins and take part in the games. Even countries where Bitcoin doesn’t have a stable legal ground are trying to find their way to Bitcoin as a method of payment.

Frequently Asked Questions about Bitcoin

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Can Bitcoin be exchanged for cash?

Yes, of course. Being one of the most popular cryptocurrencies, Bitcoin is highly liquid compared to other digital assets. Bitcoin is pegged to fiat currencies and a range of cryptocurrencies, as well.

There are a few ways to receive cash for stored Bitcoin. Usually, users sell their Bitcoin on an exchange and deposit fiat currencies to a bank account. The process is proven and secure, but it might take longer than just transferring money from one bank account to another.

Specialized Bitcoin automated teller machines (ATMs) are also now available in large shopping malls and public places in many countries. These machines accept Bitcoin cards and help users withdraw cash. There are a few online platforms that help Bitcoin holders find the closest Bitcoin ATM to receive money. Bitcoin cards can also be used as regular bank cards both in retail shops and on online platforms to pay for products and services.

Bitcoin users can also transfer coins P2P to and from Bitcoin cards. Apart from that, the cars support P2P transactions by selling crypto to other holders directly on individually agreed terms.

Bitcoin is getting closer to us and our everyday routines. Soon, we won’t get surprised every time we hear about it.

What can I spend Bitcoin on?

There are multiple places and things to spend Bitcoin on. Hundreds of businesses collaborate with Bitcoin payment processors to sell goods and services in exchange for Bitcoin, and hundreds more are on their way to accepting it. It’s only a matter of time until all existing boundaries for Bitcoin lovers fall apart.

Supermarkets, cafes, restaurants, device stores, rental offices, and numerous other industries accept Bitcoin and a range of other large cryptocurrencies to pay for products and services. Asking if a company accepts Bitcoin will soon become a regular, daily question.

Key Conclusions

At first, Bitcoin holders found it very difficult to find a place to spend their Bitcoin. All they could do was trade it on a cryptocurrency exchange. Few could have imagined that things would soon change, and cryptocurrencies would be accepted by thousands of enterprises scattered around the planet. The dreams of all crypto lovers are slowly coming true. Soon, a digital wallet filled with Bitcoin won’t be any different from a real wallet filled with cash.

This new approach to crypto automates our daily routines. It’s not necessary to go to a shopping mall and worry about having cash or money on a bank card. Shopping online has become mainstream, but progress has never stopped. Today, Bitcoin rules the world, and all major online marketplaces are trying to play by its rules to remain in demand. Each time Bitcoin is used to pay for something, it gets closer to establishing its power. The Bitcoin revolution is already here, and it’s changing the planet slowly but persistently. The question of where to spend Bitcoin becomes rhetorical.

The list of things and services available for Bitcoin is ever-growing. Companies and brands are competing with one another to show their credibility, prestige, and power by providing opportunities to pay with Bitcoin. The list is expanding enormously with the emergence of Bitcoin payment systems on online platforms that offer many more products than regular shops.

Businesses aren’t the only ones contributing to the list. More and more regular people are getting involved with Bitcoin in the pursuit of modern ways to interact with the world.

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