About a few years ago, cryptocurrency was introduced as another amazing gift of technological advancements, but it wasn’t so popular from the start. However, with passing time, more and more people worldwide discovered this e-currency that allowed you to do so much in a more convenient way.
The future is all about cryptocurrency, from making investments to buying gift cards, actual gifts, and just shopping for yourself. The growing influence of cryptocurrencies can be judged from the fact that the global user base multiplied by 190 percent within two years, 2018 to 2020.
However, many people haven’t got the hang of it and still have a lot of queries when it comes to buying things using crypto. So, if you’re one of the confused ones, we present you with a list of the 5 things that can be bought using your cryptocurrency.
5 Things You Can Buy Using Cryptocurrency
1. Gift Cards
Safe to say, spending your Cryptocurrency on buying gift cards is one of the best options. Many famous websites offer you gift vouchers that you can either gift to your loved ones or use yourself for shopping online. Moreover, gift cards are not only limited to online use; you can even redeem these gift cards in any store.
Even though limited brands and companies accept cryptocurrencies as payment, the convenience, and variety these gift cards offer cannot be denied.
One popular and credible site where gift cards can be bought is Coingate. Here, you can buy gift cards for several famous sites like Flipkart that don’t accept direct crypto payments. So, as a modern-day hack, purchase a gift card with your crypto and redeem it on the website.
2. Travel Tickets and Accommodation
Everyone is in dire need of a peaceful vacation, especially after all those travel bans following Covid. The good news for the travel fans out there is that you can now use your cryptocurrency to pay for your tickets, hotel bookings, and so much more.
While not every airline allows you to use cryptocurrencies as an active payment method- CheapAir and Webjet allow you to do. With these travel companies not only can you use crypto for paying for your flight tickets, but also for your hotel rooms.
It can be said that buying international travel tickets using cryptocurrency is definitely one of the most impressive advancements in today’s modern time. What’s even more surprising is that if you’re traveling to the USA, you might even find some cities with Bitcoins ATMs.
3. Buying and Renting Cars
For all cryptocurrency enthusiasts who are also fond of cars- you can use your cryptocurrency to buy one of the top cars in the market nowadays- Tesla. Another popular car brand to join the list is BMW; however, purchasing BMW using cryptocurrency is only currently possible in the UK.
In case you’re wondering, that’s not where the list ends. Many rental companies have also stepped into the crypto game and have started to accept it as an active payment method. As a result, you have the option to rent out your favorite car using your crypto wallet.
4. E-commerce Products
Numerous famous companies allow you to purchase their products and services using cryptocurrency. One famous company that tops the list is PayPal which was previously an eBay subsidiary but now allows its customers to buy, sell, and keep cryptocurrency in their accounts. Other famous websites include Newegg, AT&T, and Microsoft.
Apart from its Xbox gaming platform, you can purchase software from Microsoft using cryptocurrency at its online store. A famous eCommerce platform that provides people with many brands under one roof is Overstock- which accepts crypto payments.
Not to forget, the popular luxury brands that sell world-class watches like Rolex and Patek Philippe also accept crypto payments. Other luxury jewelry stores have also collaborated with crypto to facilitate payment processes to allow people to make purchases using their crypto wallets.
The growing influence of crypto payments in the world of luxury brands can be judged from the fact that the luxury watchmaker Franck Muller designed a watch encrusted with gold and diamonds- having a QR code from the Bitcoin genesis block.
5. Network Services
Bitcoin’s acceptance as an active payment option typically varies from company to company. To expand their global clientage and cater to a larger number of people, various companies in multiple sectors are now introducing digital currencies as a new payment option so people can avail their services online. Some famous companies that now accept crypto payments include Reddit, ExpressVPN, WordPress, and NordVPN.
Shopify and Twitch are two other companies that encourage the use of cryptocurrency as payments. In short, you can use your crypto money to buy a lot of things that including clothes, accessories, software, technological equipment, and much more.
Final Thoughts
With the world becoming more advanced every day, there’s no doubt that one-day cryptocurrencies will become a globally accepted payment option. Apart from the five things mentioned, you can now easily purchase many other services and products using cryptocurrencies.
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