As cryptocurrency grows more popular, more people want to know what you can buy with Bitcoin. In this article, we will go through some of the places that accept Bitcoin as a payment method.
Not only does Bitcoin provide advantages such as the ability to send it to anyone in the world quickly and safely, it is now becoming more mainstream as merchants are now allowing customers to pay with Bitcoin and similar cryptocurrencies.
Having this option available allows Bitcoin owners to use their digital assets for everyday transactions. Before Bitcoin became popular, it could only be used as an investment tool or to purchase other types of cryptocurrency.
What can you buy with Bitcoin?
There are now hundreds of merchants and industries that accept Bitcoin as a legitimate alternative to paying with traditional fiat currency methods. From the merchants’ point of view, there are multiple advantages to allowing customers to buy products with Bitcoin. These include reduced transaction fees, broader global market access, and the ability to have no chargebacks. Read more here on why businesses should invest in blockchain and cryptocurrencies.
It is now possible to buy properties with Bitcoin, especially luxury real estate. Bitcoin Real Estate allows you to buy or sell your house, condo, commercial property, or resort with Bitcoin. The site allows you to see the price of properties in fiat currency and gives buyers the option to either pay with fiat or Bitcoin.
Other real estate companies are also seeing the opportunities that accepting Bitcoin as payment offers them. The number of younger investors wanting to pay via alternative methods is also growing, with big names like Brock Pierce using Bitcoin to pay for mansions worth millions of dollars.
Several travel platforms allow customers to pay for their holidays, including flights and accommodation, with Bitcoin. Popular platforms such as Expedia and CheapAir use providers such as BTCPay Server to offer this service. Using these free and self-hosted payment servers allows travel platforms to easily integrate Bitcoin payments into their current fiat currency methods.
Last year, coffee giant Starbucks announced its partnership with Microsoft on the new Bakkt app. This app allows Bitcoin payments to be received in stores, thus allowing customers to pay for their coffees and other beverages with their Bitcoin.
This adoption makes crypto much more accessible to the public. Allowing customers to pay for their Starbucks with their chosen currency will not only bring the company more business from the tech-savvy, but will also increase the mainstream adoption of all cryptocurrencies.
It is now also possible for students to pay for their education with Bitcoin. The Paris-based Financial Business School has begun to accept payment for courses in Bitcoin and other cryptocurrencies. Since the institution implemented the new scheme, about six students have paid for their tuition fees in Bitcoin.
Having this payment option available benefits foreign students due to the high and punitive money transfer costs they would have to pay when using fiat currencies. However, due to Bitcoin’s lower fees, students are now able to stop worrying about oversea transfer costs.
These are just a few examples of what you can buy with Bitcoin. The number of merchants that are accepting cryptocurrency is growing, and if people are able to purchase products easier and sometimes with lower fees, cryptocurrencies like Bitcoin will continue to grow in popularity.