Lately we find hundreds of articles about what cryptocurrencies are (bitcoins, ripple, etc), how they work, where to buy them or even which cryptocurrency to invest in, but we really know what can be bought with bitcoins or any other cryptocurrency ? Here we tell you.
Let us remember that bitcoin is a digital currency based on block chain technology that is used to acquire products and services within a virtual environment . It can be considered one of the most popular currencies in the crypto world since it is used by many platforms as an exchange currency.
What can be bought with bitcoins?
According to the world map of cryptocurrency ATMs made by Statista in 2021, Spain is in fifth place with more than 80 ATMs available and 200 businesses that accept Bitcoin as a payment method. Here are some of the products you can buy with this currency:
• Electronic Products:
One of the fields with the highest adoption of Bitcoin has been technology and computing. Companies such as Microsoft, Dell and Apple have joined the payment with bitcoin through their digital platforms.
Some visionary electronics retailers have also decided to accept cryptocurrencies as a form of payment . Normally we will find them online, if you want to encourage yourself and use them you may have to open a BTC account.
• Software services
One of the most common purchases through bitcoins are VPN subscriptions that brands like ExpressVPN and ProtonVPN are part of. One of the great advantages is that transactions are made more anonymously and browsing is safer.
Similarly, it is possible to buy domains on platforms such as WordPress or acquire your e-commerce through Shopify.
• Video games and entertainment
The world of video games is increasingly growing and dynamic, a fact that generates an important economic force that cannot be wasted in the era of cryptocurrencies and Blockchain technology. Furthermore, in this particular case, bitcoin can not only be used to acquire the video game but also to exchange characters, buy objects or characters, trophies, among others.
One of the best-known platforms for receiving bitcoins is G2A, the most important digital store for the sale of codes in the world.
• Flights and tourist experience
If you already have your virtual wallet, you can start thinking about your next vacation. There is an increasing number of agencies and hotels that accept bitcoin as a payment method.
The Destina travel platform was the pioneer in allowing consumers to pay in bitcoin and after its success, other large companies in the sector such as Expedia also began to do so through an agreement with Coinbase.
Reservation websites are not the only ones that are encouraged to accept payments in cryptocurrencies, Air Lituanica, Surf Air or Norwegian have seen in this form of payment an innovation for their payment policy
• Gift cards
One of the most versatile options is to buy gift cards with bitcoins. There are platforms that allow the exchange of cryptocurrencies on highly recognized platforms such as Netflix or Airbnb . The best known is Bitrefill where you can buy cards from Amazon, Zalando, Carrefour, Ikea and many other stores based in Spain.
• Charitable causes
Non-profit organizations dare to use cryptocurrencies to attract digital donors who want to contribute to their cause in digital money , such as Save the Children, which allows donations in bitcoins, through Bitpay. But be careful, do not trust any association, always check before it is a real entity and its page.
• Buy with bitcoins in restaurants and hotels
Another sector that is encouraged to digital payment is the restaurant industry, although it does so timidly. Currently, the well-known fast food chain , Subway, begins to allow payment with bitcoin in some of its stores.
How to know in which establishments you can buy with bitcoins?
The Coinmap tool is of great help if you want to use bitcoins in physical establishments . You can search by city and by service and the map will show you the location and the name of the place you can go to. You can search for categories such as ATMs, cafes, accommodation, nightclubs, clothing stores, among others.
According to Coinmap, there are currently 23 establishments in Madrid that accept payment with bitcoins and a dozen in Barcelona, correspondingly.
Without a doubt, with the arrival of cryptocurrencies we find ourselves in a new paradigm, financial technology has become a competitive advantage for many businesses, thanks to the incorporation of new innovative supports.
At IEBS we are committed to change and new technologies, which is why we want to invite you to participate in theMaster in Blockchain that offers the bases of these new payment and financing methods, to apply them within any business, all through a 100% online methodology and endorsed by thousands of students around the world.
And have you ever paid in bitcoin? Do you know any other places where they accept cryptocurrencies? We want to know your opinion. Go ahead and comment and if you liked the article, do not hesitate to share it.