In 2020-2021, cryptocurrency has become commonplace for many people. There is hardly a person who has never heard about digital assets. The question is how bitcoin can be implemented in everyday life. Is it possible to buy something for it? Let's figure it out in this article.
As you might guess, it is possible to pay for goods and services using BTC online. Today, a consumer can purchase almost everything, from food and clothing to legal services. However, on the territory of some countries, BTC is not yet accepted to pay for goods even online. Marketplaces, banks, and government agencies cannot complete a transaction using digital assets. Not so long ago, however, it became possible to circumvent this prohibition in the event that the institution can obtain a license from the Central Bank. Also, many organizations register their companies in offshore zones. If an enterprise has taken this step, then it will be able to start offering goods and services for digital assets.
In addition to online stores, some cafes, nightclubs, restaurants, and hotels accept Bitcoin as payment. Transport and travel companies do not mind receiving cryptocurrency as payment for their services. But first things first.
What is the most common area of consumption today? Food, of course. This is a fairly extensive and popular niche that is trying to keep up with all the world's innovations. A large number of restaurants and fast food providers are gradually switching to the bitcoin payment system, giving up cash. Among them, we can name a rather popular Pizza Hut. This is not the only company with a big name that tries to keep up with trends. Such fast food giants as Starbucks, Subway, and Burger King also go hand-in-hand with the time. Naturally, there are also smaller local enterprises that do not bypass cryptocurrency. There are large business companies that try to somehow encourage their "crypto-buyers." For example, consider Domino's Pizza. You can order pizza, paying for it with bitcoin, in a number of countries. In return, the specific cafe provides a discount to its customers.
Airlines have been rewarding their customers in a variety of ways for quite a while. You can also receive bonuses using one or another bank card. Take, for example, the miles that are accumulated after each flight. The client will be able to spend these miles as credit scores to purchase new tickets and other privileges like access to the business class lounge. This makes no surprise. However, AirBaltic has been able to innovate the new approach to the airline ticket payment process. The client can travel around Europe and pay for their flights with cryptocurrencies: Bitcoin, Ethereum, XRP, and Bitcoin Cash. It is worth knowing that you need to book tickets at least 5 days before the flight, and the class categories must be Green or Green Plus.
If you take Russia as an example, then you can pay for the services of travel agencies with cryptocurrency - book a hotel room, buy a ticket, etc. This is mainly done by small companies that offer vacations abroad.
Finally, gamblers who prefer playing online can use BTC in various casinos. Some gambling websites offer both deposits and withdrawals in the most popular crypto currencies. Basically, it’s Bitcoin. Other casinos apply blockchain in a variety of ways.
Please note: purchasing or selling Cryptocurrency carry significant risk. Prices can fluctuate at any time.
Because of such fluctuations, Cryptocurrency may gain or lose value. This is your responsibility on how to handle your own assets.