Bitcoin (BTC) has been on a price surge lately, surpassing the $16,000 resistance for the first time since 2017, but as the crypto’s value increases many are asking the question—what can you buy with Bitcoin?
Since Laszlo Hanyecz, aka ‘Bitcoin Pizza Guy,’ traded his 10,000 BTC for two large Papa John’s Pizzas with eighteen-year-old Jeremy Sturdivant, aka jercos, on 22nd May 2010—’Buy with Bitcoin’ is now a slogan present in many large companies and outlets. Bitcoin is increasingly becoming part of daily life because people can use it to make purchases for goods or services across notable stores.
The story of Laszlo Hanyecz became the unofficial first use case of BTC, and the day is celebrated by the community as Bitcoin Pizza Day and is the first real-world transaction involving Bitcoin. At the time, one BTC coin was retailing at $0.0041. Fast forward to the current day, and one BTC is now worth around $16,000, showing how this digital asset has been widely adopted. Buy with Bitcoin is a status symbol in many online and offline outlets, bus what can you actually buy using BTC cryptocurrency?
What can I buy with Bitcoin?
1. Food & Beverage
We all love hanging out at our favorite food & beverage restaurant during weekends or after a long day at work. Guess what, some of your favourite may have an option to buy with Bitcoin.
At Burger King, you can buy with Bitcoin a variety of items like chicken nuggets. For instance, Burger King outlets in Venezuela partnered with Cryptobuyer so that BTC could be accepted as a payment option.
KFC Canada joined the Bitcoin bandwagon after it introduced the Bitcoin Bucket. Consumers can order finger-licking chicken and use the option to buy with Bitcoin.
Domino’s Pizza permits you to buy with Bitcoin. Lightning pizza is a website you can use to order from this outlet and make the payment with BTC.
Other food & beverage joints you can buy with Bitcoin include Pembury Tavern Pub in London, the Pink Cow in Tokyo, Japan, and PizzaForCoins in California, United States.
2. Major Retailers
Overstock offers online shoppers the option to buy with Bitcoin by just clicking a button. From this online retailer, you can buy a variety of items, such as furniture, electronics, jewellery, and bedding using your BTC wallet.
AT&T, a leading US mobile service provider, set the ball rolling by permitting customers to buy with Bitcoin for telecommunications services.This payment option was made a reality by BitPay, a bitcoin payment service provider.
Microsoft has been in the buy with the Bitcoin scene for quite some time. Since 2014, it opened the doors for users to purchase online Xbox Store products using BTC. Furthermore, the company gives you the option to top up your Microsoft account using the pioneer digital currency.
3. Sports Teams
The Bitcoin revolution is taking over the sporting arena because teams are seeking to maximize their fans satisfaction rates. Buy with Bitcoin is an option being adopted when it comes to purchasing tickets. Leading the pack is Dallas Mavericks, an American professional basketball team playing under the National Basketball Association (NBA) league, allows buying of tickets with Bitcoin. Miami Dolphins, a professional American football team, has also jumped in the crypto waters because fans can purchase food and tickets using Bitcoin clone.
4. Travel Companies
Norwegian Air, one of the largest in Europe, gives travelers an amazing time because it accepts Bitcoin as a means of payments for booking flights. In February, the airline partnered with Norwegian Block Exchange (NBX) permitting customers to buy with Bitcoin.
Richard Branson owned company, Virgin Airlines, allows purchase flights and travel options with BTC.
CheapAir, a California-based online travel agency, makes your travel experience worthwhile because part of its payment options includes buying with Bitcoin. This travel agency has made notable milestones in the crypto space because it has processed cryptocurrency payments valued at more than $5 million from 2013.
In 2019, Travala.com, a leading cryptocurrency-friendly hotel booking service, partnered with Booking.com, an online travel agency, to allow Bitcoin payment for the latter’s accommodation listings. Travala.com already has over 2 million accommodation listings across over 230 countries and over 90,000 destinations in the world today. Therefore, the buy with Bitcoin option is available for your preferred service.
Other travel companies that have embraced the Bitcoin payment option include TravelByBit, Destinia, FutureTravel, Bitcoin.travel, Airtreks, Destinia, CheapBizClass, and AbitSky.
Feeling a bit philanthropic? Your quest is sorted because some notable organizations accept Bitcoin donations as a good gesture or sign of gratitude. They include UNICEF, Red Cross, Wikipedia, Bitcoin for Charity, Code to Inspire, BitGive, Save the Children, Internet Archive, United Way, and the Water Project.
In April, the Bitcoin community funded a noble cause of establishing the second level Advanced Medical Post (AMP) belonging to the Italian Red Cross to help save lives in Italy amid the coronavirus (COVID-19) pandemic. It was able to raise the first target of €10,000, approximately $10,900 in bitcoin in only three days.
6. Tuition Fees
If you want to advance your education and have Bitcoin holdings, some institutions of higher learning have incorporated the buy with the Bitcoin option. They include the University of Nicosia in Cyprus and Curtin University in Western Australia. The University of Nicosia set the buy with Bitcoin ball rolling after it accepted this payment method for its Master of Science in Digital Currency course.
Buying with Bitcoin: The Bottomline
We tend to be more of consumers than producers; hence our primary objective becomes maximizing our satisfaction rates or utility. As a result, we are likely to buy things or go to places where we feel the value for money. The buy with Bitcoin option has been introduced by many outlets and companies so that you can have a convenient payment method because it seems the sky’s the limit for BTC as its price continues to skyrocket.
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