Here, we’d like to take a look at five surprising things you can do with cryptocurrency to reevaluate its possible uses, which have expanded significantly over the several few years. With this read, we’re sure that you can’t help but realize how broadly it is expanding its potential on so many levels.

PURCHASING A CAR

The first thing you can buy with cryptocurrency is a car. For many people, buying a car is a significant purchase that doesn’t happen often. Many car dealers now accept payment in Bitcoin. Even luxury cars, like Lamborghini, can be purchased exclusively with Bitcoin. Expanding cryptocurrency payment options has made it easier for consumers to make major purchases, even in industries that traditionally rely on fiat currencies.

Blockchain technology is one of Lamborghini’s areas of interest. Between August 2022 and March 2023, Lamborghini gained attention by releasing special NFTs each month with the theme “World Tour.

NEWSPAPER/MAGAZINE SUBSCRIPTION

A newspaper subscription is another surprising thing you can buy with cryptocurrencies.

Mass media, especially newspapers and magazines, traditionally felt incompatible with the new technology of blockchain.

There are many newspapers and magazines worldwide, from local to national to global. In 2014, the Chicago Sun-Times became the first major U.S. newspaper to offer subscriptions using Bitcoin.

Almost 10 years later, more newspapers are following its lead, including TIME magazine.

SPORTS BETTING

In sports betting, where the outcome of various sports is predicted, the number of bookmakers accepting cryptocurrency payments is growing. In Japan, where cryptocurrency is attracting a lot of attention, rumors suggest that about 10% of all punters use cryptocurrency for betting.

Japanese bookmakers offering crypto deposit options are seeing great opportunities. Some “crypto bookmakers,” like STAKE and BC.GAME, have also entered the Japanese market.

Since traditional financial institutions like banks and credit card companies tend to avoid dealing with iGaming operators, cryptocurrencies are preferred as an alternative. This is due to their simplicity and anonymity.

STUDYING AT A COLLEGE

The next surprising place to use cryptocurrencies is universities. University tuition varies by country. English-speaking countries like the United States and the United Kingdom tend to be more expensive than European countries. Top private universities, such as those in the Ivy League, demand high tuition fees due to their reputation and history.

In 2021, the Wharton School of the University of Pennsylvania, a member of the Ivy League, accepted Bitcoin as payment for its online program on the economics of blockchain and digital assets. However, there is still debate on whether cryptocurrency’s high volatility allows more people to afford tuition at these universities.

Currently, universities in Europe, including King’s College in New York, the European School of Management and Technology in Germany, the Financia Business School in France, and the University of Applied Sciences and Art in Switzerland, accept tuition payments. This trend is expected to grow in the future.

GOING ON A TRIP

With cryptocurrency, you can buy a car, subscribe to newspapers, and pay for your school tuition. And when you’re tired of studying, how about going on a trip, also paid by crypto?

The final unexpected place to use cryptocurrency is travel agencies. Looking at Japan again, the market is a very interesting place; it is one of the most technologically advanced countries in the world, but it also values traditional goods highly. Therefore, paying by cash remains far more common compared to the US or other markets. However, cryptocurrency is changing the market. Expanding cryptocurrency payment options has encouraged HIS, one of Japan’s major travel agencies, to accept Bitcoin payments at its branches in the Tokyo metropolitan area.

Additionally, AirBaltic, based in Latvia, also accepts cryptocurrency payments. It should be noted that not only Bitcoin but also Bitcoin Cash, Ethereum, and Dogecoin are accepted.

In this article, we introduced five surprising things you can do with cryptocurrency. Currently, in many cases, Bitcoin remains the only cryptocurrency used for payments, but it’s interesting that bookmakers allow many other currencies. Isn’t it exciting to imagine what we’ll be able to do next as cryptocurrency’s possibilities rapidly expand around the world?