April 14, 2021 | AtoZ Markets – Everybody is fixated on the price of bitcoin. And for good reason. It has been absolutely exploding in value this year. If you bought some last year then you are clearly happy with the returns you’re getting these days.
What gets less attention is the fact that it is an actual currency and can be used to pay for things. In fact, you’d be surprised with some of the unusual items that bitcoin can pay for. Now that it is so easy to get your hands on it many people are taking advantage. You can buy Bitcoin with Steam gift card, Paypal, credit card, or even cold, hard cash.
In this article, we will go over some of the things you can buy with bitcoin that you may not even realize.
1 – Food
The very first purchase using bitcoin was to order a pizza. It cost an incredible 10,000 bitcoins for the pizza!
Nowadays, people usually use their bitcoin to order food and coffee for their morning breakfast or snack with an app on their smartphone. So, the first order was for food and it certainly won’t be the last.
2 – Travel
For some reason, the travel industry was one of the first to see the potential to use bitcoin as a currency with real-world value. For quite some time many hotels and airlines have been accepting bitcoin to book travel accommodations and flights.
Since bitcoin is international and a global currency, it means that you can be anywhere in the world and take advantage so it makes sense that it would be used for travel. There are certain countries that have adopted the currency more than others so if you travel to those areas you have the possibility of paying for everything with bitcoin. You can book your flight, hotel and buy food where you end up. Plus many are now installing cryptocurrency ATMs so you can use your bitcoin to pay for everything else locally if you desire.
3 – Gift cards
A very popular way to get money to people without paying high fees is to use bitcoin to buy gift cards online and then email them to people. This is because the fees for using bitcoin are a fraction of what a credit card merchant would charge.
Unfortunately, Amazon still doesn’t accept bitcoin so your choices are for some lesser-known gift card companies. Those gift cards can then be redeemed for just about anything the recipient wants to buy online.
4 – Video games
One of the most common ways for people to use their bitcoin is to buy video games or even use the coins for in-game purchases.
It makes sense since most of the people that use bitcoin are young and tech-savvy. Exactly the type of person likely to be a gamer or buy video games.
*This article has been contributed on behalf of Paxful. However, the information provided herein is not and is not intended to be, investment, financial, or other advice.