Bitcoin was launched in the year 2009 with the intent of it being a source and a medium for daily transactions from buying a cup of coffee to a phone or even a house. But unfortunately, its path took another way, it became almost a hub of criminal activities such as hacking.
However, in recent years the variety of products and services you can buy from Bitcoin has increased significantly. Even the number of retailers and payment processors accepting bitcoin is increasing. Some items you can buy with bitcoin are electronic items such as computers, phones, etc, you can buy accessories like watches and other luxury items, and you can even buy some cars!
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What you can buy from Bitcoin
As we read above, organizations and retailers have started accepting bitcoin and it’s increasing day by day but huge amounts of transactions are not seen often such as there have been quite a few real estate deals that have been reported. However, you can buy a wide range of products from e-commerce sites using Bitcoin. Let us see these in a little detail:
Car deals
With time some car dealers have started accepting Bitcoin as a payment. Under this category cars expand from the utility genre to the luxury genre. So, you can buy a corolla or a Lamborghini. Fun fact: Lamborghini is one of the favorites of Bitcoiners. One of the recent renounced names which started accepting Bitcoin as payment is the Electric carmaker Tesla. Elon Musk is the founder of Tesla and he is a cryptocurrency enthusiast.
Elon Musk announced that Bitcoin would be accepted as payment for Tesla in March 2021. A few months later he tweeted that Tesla will no longer accept Bitcoin or is suspending it due to environmental concerns.
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Technology and other e-commerce products
Tech companies like Newegg, Microsoft, AT&T, and others sell tech products and services. They accept Bitcoin as a payment on their websites.
Currently, Microsoft accepts bitcoin as payment at its online store exclusively. It does not accept it on its Xbox gaming platform. Microsoft also does not allow any cryptocurrency-related ads or any crypto-related products or services on the Xbox gaming platform.
eBay has been contemplating allowing the use of cryptocurrency on its platform around 2017 when the run-up went high. On the other hand, PayPal which used to be an eBay subordinate allows its users and customers to buy, sell and keep cryptocurrency in their accounts.
Expensive watches and jewelry
A lot of luxury item makers and retailers have started accepting Bitcoin as a form of payment. For instance, the famous online luxury retailer BitDials presents a range of famous brands such as Rolex, Patek Phillippe, and other luxurious watches. They sell these products for Bitcoin and other Cryptocurrencies.
One of the new inventions was a watch gilded with gold and diamonds, which contained a QR code from the Bitcoin genesis block. This is the work of the famous high-end watchmaker Franck Muller. Other jewelry brands have made a partnership with payment processors to facilitate the payment via bitcoin and other cryptocurrencies.
Insurance
The insurance industry has always been cautious and mindful about cryptocurrency. But things are changing steadily. Insurance providers have started accepting bitcoin as payment for premium payments and other products in the portfolio. However, life insurance is still very much off the limits.
News Media
The media outlets of cryptocurrency accept bitcoin as payment for subscriptions and other services. One of the mainstream outlets to accept bitcoin as payment was the Chicago Sun-Times. It started accepting bitcoin as a payment in the year 2014. Time Inc. is another publication of magazines that began accepting bitcoin and other cryptocurrencies as a payment in the same year 2014. And recently it started a cryptocurrency partnership with Crypto.com in the year 2019.
Book a Vacation
Vacation is a necessity at this point in our extremely busy and hectic schedules. If we are tired of our busy schedules and want to relax and spend some quality time with family or friends, a vacation is a solution. As per our research, there are a number of luxury hotels and airlines that accept Bitcoin and other cryptocurrencies as payment. You can also do some research and find out if they have a bitcoin or cryptocurrency ATM, which you can withdraw if you need cash.
Order Pizza
We all experience food cravings, especially pizza. Do you know you can fulfill this craving by ordering a pizza and paying with Bitcoin? Domino’s USA is one of the pizza stores which accept Bitcoin as a payment. This digital currency comes in handy when you are out of cash or you forgot your wallet. You can easily use your Bitcoin to make the payment and satisfy your cravings and hunger.
Buy Vouchers
You can easily buy e-vouchers of about 90 brands using Bitcoin and other cryptocurrencies as payment. Vouchers are such a fun and great way to buy products from different brands. Especially when digital money is not accepted everywhere, you can easily buy vouchers of those brands with bitcoin and use them. These vouchers can range in amount. With these vouchers, you can buy Domino’s pizza, beauty and health products from different brands such as Himalaya, ice cream from Baskin and Robbins, home appliances, etc.
Related:- Bitcoin Exchange: 5 Factors To Consider When Before Finalizing
Conclusion
In the above article, we discussed all things we can buy from the Bitcoin crypto. With time companies and retailers are allowing the use of Bitcoin and other cryptocurrencies as payment. We can buy electronic items such as computers, phones, etc. We can also buy accessories like watches and other luxury items, and you can even buy some cars! We also took a look in detail at the following:
- Car deals
- Technology and other e-commerce products
- Luxury watches and jewelry
- Insurance
- News Media
- Order pizza
- Buy vouchers
Digital money is becoming popular in recent times. It is a convenient option for payment in the digital world. Cryptocurrency is gaining a lot of interest and organizations are trying to incorporate them into their businesses. However, it comes with a great danger of digital criminal activities and hacking. Despite this people are investing and using cryptocurrency.
