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October 17, 2020


It’s Time to Buy with Bitcoin

When merchants did not show any interest in accepting bitcoin payments instead of bank transfer or cash, it was thought that bitcoin has lost its value. Price volatility and expensive transaction charges were the two major factors as to why merchants did not accept bitcoin as a means of exchange.

However, at the same time, there are many outlets which have started to accept bitcoins for their online transactions. HSB conducted a bitcoin related survey in 2019 which concludes that one-third of American businesses have started accepting cryptocurrency as a means of exchange. In addition to this, more and more small and mid-sized businesses are buying digital currencies for their business transactions.

What Value Bitcoin Bring to the Table?

  • Global market access to businesses (bringing more clientele)
  • Cross-border transaction convenience
  • Keeping financial transactions anonymous unless it includes physical delivery towards a particular service or product
  • No chargeback fears as merchants are not likely to get scammed with bitcoin transactions

Last year, AT&T has started to conduct financial transactions with Bitcoin.

What You Can Buy with Bitcoin?

· Buy Presents for Your Loved Ones

Now you can pay for your gift cards with bitcoin and these gift cards can be used for a whole range of products and services. You can also use it on Overstock if you want to help someone furnish their home.

· Travel with Bitcoin, Not Cash

Now you have the flexibility to pay your flights and hotel charges with bitcoin. You can conduct these transactions on popular traveling websites such as CheapAir, Surf Air and Expedia.

In addition to this, you can also pay your space travel with bitcoin if you are traveling through Virgin Galactic.

· Use it on App Stores

If you are looking to buy something games, movies and app services, bitcoin can also be used on Microsoft app stores. Twitch, a video streaming service, has also started accepting bitcoin and bitcoin cash payments for its subscription-based services.

· Music Downloading

Looking to download your favorite musicians’ pieces? Now you can use bitcoin to download music of famous musicians such as Dolly Parton, Imogen Heap, Bjork and G-Eazy etc).

· Gold – The New Addiction

As more and more people are interested to buy gold for the long run, you can use your bitcoin to purchase gold from companies such as JM Bullion, APMEX and Sharps Pixley etc.

· Buy Food

You can also buy food through bitcoin. PizzaforCoins offers to home delivery pizza using bitcoin exchange.

· Pay for Your Education

There are many private and public universities and preschools in New York which have now started accepting payments in bitcoins.

· Miscellaneous

Now you can also use bitcoins to pay for legal and account services. Many legal and accounting firms also offers financial transactions in cryptocurrency. Fidelity Charitable, Bitgive and BitHope also offers you to donate your charitable contributions in bitcoins.

If you are looking to buy bitcoins to buy something, Coinbase offers you a safe and secure way to buy and sell bitcoins online.

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