What Can You Buy With Bitcoin?
At first, the interest in Bitcoins grew steadily as shopkeepers started to accept such a method of payment in their retail stores and online shops. Then it dropped significantly as a result of increasing cost of Bitcoin transactions and floating prices – it became much less attractive as a medium of circulation. It doesn’t mean, though, that there are no places where you can pay with a Bitcoin. There are quick shifts when it comes to shops which offer transactions in exchange for Bitcoins, but at this moment there is a wide variety of goods and services you can buy with a cryptocurrency. Furthermore, such conjuncture is favourable for sellers: it increases anonymity, cross-border transactions are easier which results in more clients, and refunds stop being problematic. If you wish to use Bitcoins to buy a gift for someone the most obvious solution is to buy a gift voucher – these can be bought on Gyft and eGifter. In this case, the receiver will be able to spend financial means at one of many retail stores. You can also pay for flights and hotels through Expedia, CheapAir and Surf Air; moreover, if your ambitions are higher than that, Virgin Galactic offers space travels. Microsoft accepts Bitcoins at its app stores from which you can download movies, games and other app-based services. Some musicians, such as Bjork or Imogen Heap, allow downloading their music in exchange for cryptocurrencies. You can even furnish your house at Overstock – this store began accepting Bitcoins in 2014, and its founder, Patrick Byrne, is one of the most active supporters of this technology. The possibilities seem to be endless. Sharps Pixley, APMEX and JM Bullion go as far as to exchange gold for Bitcoins; there are universities and kindergartens in NY if you feel like exploring a new field of knowledge. Even some lawyer’s offices started to accept cryptocurrencies. Obviously, you can always buy some luck by donating your coins to one of charity or crowdfunding foundations such as BitHope, BitGive or Fidelity Charitable. If you want to check a list of shops accepting Bitcoins in your area check aggregators such as SpendBitcoins and CoinMap. (Note: aforementioned companies are not the only ones available on the market and should not be treated as recommendations.)