One of the most advanced ways of buying goods nowadays is with a little thing called cryptocurrency. Since Bitcoin’s inception in 2008 and its massive inflation in 2017, numerous cryptocurrencies have hit the market as an alternative to fiat money.
Many hodlers use cryptocurrency as a form of investment, holding onto it in case another massive increase in value occurs so they can cash out and have a large chunk of money. However, there are many different ways cryptocurrencies can be put to use and be used as a regular currency. Take a look at some creative ways you can start spending your cryptocurrency below:
Shopping
The first thing you need when it comes to shopping is money. While many shoppers use cash or a debit/credit card to pay for their goods, it’s possible to use cryptocurrency as well. Bitcoin, for example, has a wallet app with an individualized QR code that allows cashiers to scan your code and process a payment. Additionally, numerous online retailers currently accept Bitcoin and other cryptocurrencies.
- Newegg
If you’re looking for all things electronic, Newegg is the place to shop. From high-tech computer systems to software and services, Newegg has it all. This electronic retail mogul chose BitPay as its payment processing partner, so you can buy any gadget with your Bitcoin.
- Purse
Anything you can image can be found right here on Purse. We all know Amazon is the number one place to buy anything you want, which is why Purse exchanges your cryptocurrency for Amazon gift cards. Whether you need a Bluetooth speaker or a book you’ve been dying to read, Purse is the place to go.
- Shopify
Shopify is an e-commerce platform that allows merchants to sell their goods on their own online shop. Since 2013, Shopify allowed all merchants to choose whether they want to accept Bitcoin payments through BitPay. Now, when you’re looking for a one-of-a-kind gift or home decor piece, you can easily find a merchant that will accept your cryptocurrency.
Luxury Goods
If you know a thing or two about cryptocurrencies, you know they’re worth a lot of money. As of writing, 1 Bitcoin is worth $12,525 US Dollars. If you were a lucky one who invested early when a single Bitcoin was worth only a few dollars and held on, you’re sitting on a substantial amount of money. From buying a shiny new car from a Mercedes Benz dealer in Pembroke Pines or taking a private jet for your European getaway, there are numerous luxury goods you can spend your cryptocurrency on.
- Reeds Jewelers
Looking for something shiny to give to your partner? Reeds Jewelers is an American fine jeweler that is both online and brick-and-mortar with 57 locations across the country. Both accept cryptocurrency as a form of payment so you can buy elegant diamond jewelry and watches.
- Bitcoin Real Estate
Bitcoin Real Estate gives you access to a comprehensive list of homes, businesses, lots, farms, acreage, commercial, investment, and vacation properties that accept Bitcoin and other cryptocurrencies as a form of payment. Now, you can finally buy that terrace overlooking the blue waters of the Mediterranean.
Traveling
Exploring the world can become expensive between flight, hotel, food, drink, and activity costs. Luckily, there are numerous travel-related businesses that take Bitcoin and other cryptocurrencies as a form of payment.
- Destinia
Your go-to travel agency when it comes to booking flights, hotels, and travels. Accepting Bitcoin, Destinia gives you access to book hotels and flights anywhere across the globe.
- CheapAir
If you’re looking to keep your Bitcoins lasting for as long as possible, CheapAir is there to help. As the name implies, you’ll get affordable flights anywhere in the world while still being able to use your cryptocurrency as a form of payment.
- TravelbyBit
TravelbyBit is an online travel agency that allows you to book flights and hotels using Bitcoin, Binance Coin, and Litecoin. They also provide global blockchain events you can attend, so you can become more knowledgeable about how cryptocurrencies work.
Wrapping Up
The world of cryptocurrency continues to grow, and you can expect more businesses to begin accepting digital currencies as a form of payment. Along with these creative ways to spend your cryptocurrency, you can also spend it on food, gambling, gift card, charities, pharmaceuticals, designer products, and so much more. If there’s a time to invest in digital currency, it’s now!