One of the first questions anyone entering the world of cryptocurrencies has is: what can I buy with Bitcoin.
First, it must be said that although Bitcoin is evolving as an alternative store of value to traditional assets (one above all, gold), it was actually born as a means of payment.
Satoshi Nakamoto’s original goal put down in the whitepaper 1k Daily Profit was to make it a form of electronic money for online payments.
In this sense Bitcoin is widely used.
In the meantime it has to be said that with Bitcoin one can shop online and shop in physical shops.
There are a number of platforms that allow you to locate online and offline shops that accept bitcoin, including:
Coinmap: is an actual map where you can enter your location and find places that accept bitcoin divided into various categories, from ATMs to clubs to shops.
UseBitcoins.info: is a site that divides categories where you can spend Bitcoin on goods, services and leisure. From work to games, this platform lists everything.
Spendabit: This is almost like an ecommerce platform: just type in what you are looking for (e.g. Smartphone), and the platform redirects you to all possible smartphones that you can buy online (on other sites) and pay for with Bitcoin.
What can I buy with Bitcoin? From consoles to travel
In addition to the aggregation platforms of various sites and services, there are large and important companies that allow you to make purchases with Bitcoin.
For example, Microsoft’s payment systems include the ability to pay with Bitcoin.
Travel can also be bought with Bitcoin. Not only Travala, which was created to pay in cryptocurrencies, but also the Expedia portal now accepts Bitcoin.
In the world of e-commerce, Amazon does not yet allow payment with Bitcoin. But Shopify does. Etsy also accepts payments in Bitcoin. So does Overstock.
And then there is the restaurant supply chain. Some chains have started to accept Bitcoin as a payment system, as in the case of Domino’s Pizza or Pizza Hut.
It has to be said that everything depends on the countries where you are. Not all legislations allow payment in cryptocurrency.
With Bitcoin, you can really buy anything. Even funerals. Yes because Crescent Tide, a funeral service in Minnesota, United States allows you to pay for the funeral ceremony in cryptocurrency.
Ultimately, shopping with Bitcoin has never been easier and more inclusive.