Perhaps you have wondered, at least once, why you need crypto, and what can you buy with Bitcoin. This question is logical, as we used to buy crypto, transfer it, and withdraw it as fiat money. But have you ever tried to buy something directly with crypto?
ENON article, we are going to find out how to use Bitcoin to buy things and some examples. So let’s go.
If you are not a shopping lover — do not stress, this shopping you will like for sure. Crypto buys are more simple and have some benefits, that fiat shopping doesn’t:
Cryptocurrency transactions often have lower fees compared to traditional payment methods, especially for international payments.
It is highly secure due to cryptographic techniques. This reduces the risk of fraud and identity theft.
Crypto can be faster than traditional bank transfers, especially for cross-border transactions.
And it’s just the most common benefits that you may like. Also, a lot of popular companies, whose names you know, are accepting crypto too:
Now let’s proceed to some examples and find the answer to the question – who accepts Bitcoin as payment?
Sports and Entertainment
So let’s see what can you buy with Bitcoin online:
Sports tickets and merchandise. Several NBA teams, like the Dallas Mavericks and Sacramento Kings, accept cryptocurrency for purchasing game tickets and merchandise. Also, some football clubs and sports brands, such as Atlético Madrid, have allowed fans to buy merchandise using cryptocurrency.
Esports and betting. Nowadays, esports are considered as an official type of sport too. So esports organizations and gaming platforms often accept cryptocurrency for in-game purchases and subscriptions. Then many online sports betting platforms and casinos accept cryptocurrencies for wagering. Content creators in the sports and entertainment industry have explored NFTs (non-fungible tokens) for selling unique digital content and collectibles.
Live Events. Not only sport matches tickets accept crypto. Some music festivals, conferences, and entertainment events offer cryptocurrency payment options for tickets and services.
When it comes to online events or sports, crypto-paying is much easier, but what about education?
Cryptocurrency usage in the education sector is growing, and there are several ways to spend crypto on education. Here are some real examples of educational platforms that accept crypto payments:
Coursera: a popular online learning platform, has, at times, accepted Bitcoin for course payments. While payment methods may vary, it’s worth checking their accepted options.
edX: Similar to Coursera, edX offers online courses from top universities and institutions. They have occasionally accepted cryptocurrency for course enrollment.
LearnWorthy: This platform specializes in blockchain and cryptocurrency education. It accepts cryptocurrency payments for its courses, which cover a range of topics related to digital currencies and blockchain technology.
Charities and Donations: Some educational institutions and non-profit organizations accept cryptocurrency donations. You can contribute to causes related to education using crypto.
When it comes to education – it is always about courses, especially courses online. Let’s proceed and talk about traveling and crypto.
Travel with crypto
Going into a new traveling adventure? Here are some companies, that accept BTC. Let’s start with airlines:
Airline: Bee – Bee Airlines (Thailand) is a regional airline in Thailand, that accepts cryptocurrency for ticket bookings.
Hotels: Luxury hotel group Kessler Collection in the United States accepts cryptocurrency for hotel bookings. Also, some hotels under Sands Resorts Macao accept cryptocurrency for reservations.
What about countries? Did you know, that El Salvador made history by becoming the first country to officially adopt Bitcoin as a legal tender alongside the U.S. dollar? Also, Estonia is known for its e-Residency program and has been exploring blockchain and digital identity solutions.
Restaurants and Supermarket
If you are looking for a place to eat and pay with crypto, here we go. Let’s see what can you buy with Bitcoin supermarkets or restaurants.
Subway: Some Subway locations have accepted Bitcoin for payment. However, this acceptance can vary by location, and it’s essential to check with individual restaurants for their payment methods.
KFC: In some regions, KFC has briefly experimented with accepting Bitcoin as a payment option for food orders.
Papa John’s: Certain Papa John’s locations have tested cryptocurrency payments in the past. Like other fast-food chains, acceptance may vary by location.
Lidl (Switzerland): Lidl, a discount supermarket chain, has offered a limited selection of cryptocurrency vouchers for purchase in Switzerland. These vouchers could be used to buy groceries in Lidl stores.
Also, there are some market branches in Japan, that accept crypto. for example, Bic Camera, a major electronics and home appliance retail chain in Japan, has accepted Bitcoin for in-store purchases, which could include supermarket items.
Anyway, if you want to shop with bitcoins check in advance places or restaurants if to accept crypto transactions.
Pay bills with Crypto
The adoption of cryptocurrency as a payment method is on the rise, with various businesses and industries exploring its potential. While the list of places where you can pay with crypto is growing, it’s important to keep a few essential tips in mind:
Verify Acceptance: Before making a purchase, confirm that the specific restaurant, supermarket, or business you plan to visit accepts cryptocurrency as a payment method.
Be Mindful of Volatility: Cryptocurrencies are known for their price volatility. Be prepared for potential price fluctuations, especially if you’re using crypto for everyday expenses.
In the Conclusion
The future of crypto as a payment method holds promise. As more countries, businesses, and consumers recognize the benefits of blockchain technology and digital currencies, we can expect continued growth in crypto adoption. With advancements in user-friendly wallets and increased regulatory clarity, cryptocurrencies may become a seamless part of our daily transactions. So stay informed and be ready for a new trend.
What things I can buy using Bitcoin?
You can buy a wide range of items using Bitcoin, including goods, services, electronics, gift cards, travel bookings, and more, depending on the businesses that accept it as a payment method.
Can you convert Bitcoin to cash?
Yes, you can convert Bitcoin to cash through cryptocurrency exchanges, Bitcoin ATMs, or peer-to-peer transactions.
How do you pay with Bitcoin in stores?
Use a cryptocurrency wallet app on your mobile device to scan a store's QR code or provide your wallet address for the transaction.