Online Stores Accepting Bitcoin
The emergence of Bitcoin and other cryptocurrencies gave many what they craved – financial freedom, removed from the chains of traditional finance. While it hasn’t been a smooth ride for Bitcoin since it was first introduced, it has been finding its place in the world.
Nowadays, you can use Bitcoin to pay for services and products online and in physical stores. Moreover, you can even play casino games with BTC, as casinos that accept Bitcoin are becoming a player favourite since people increasingly want to gamble anonymously, with easy deposit modalities and faster withdrawals of winnings.
The truth is, at this moment, you can buy stuff with Bitcoin, play games with it, and even use it to pay your taxes, depending on the country you live in. Buying things without actual money is something we could have only dreamed of in the past, but now it’s real, and it’s finally here.
Online Shopping with Bitcoin
The first online shops accepting Bitcoin appeared years ago! There weren’t that many in the beginning, as you can imagine, but you could buy, for instance, pizza online and tech equipment with BTC. These were initially small stores, but seeing the cryptocurrency market grow led the industry giants to rethink their strategies.
It didn’t take long before major tech companies, including Microsoft, BMW, and Tesla, realized the potential of this untapped market. So let’s take a look at the most popular companies that accept BTC besides real money.
Did you know that Microsoft accepts Bitcoin in its store? While it’s not available on Xbox Live, the MS store accepts Bitcoin payment allowing you to buy games, which has been like this for quite some time.
The top electric car company Tesla, owned by entrepreneur Elon Musk, aggressively embraced Bitcoin in 2021. That year, everyone had the opportunity to purchase Teslas with BTC. But unfortunately, Musk stopped the plan citing energy concerns.
While you can buy a BMW from many car stores accepting Bitcoin, the car company has been testing automatic blockchain payments for a couple of years. In addition, several other car makers have been looking at the blockchain to facilitate payments and data sharing. So, it might not be long before BMW openly starts accepting BTC payments for its vehicles.
Some Domino’s Pizza franchises across Europe have given their employees the option to take their salary in BTC. This news broke on Bitcoin Pizza Day in 2021, the legendary day developer Laszlo Hanyecz spent 10,000 BTC on a few slices of pizza at Papa John’s, equalling roughly $41. While he stated he has no regrets, we think Laszlo would time travel if he could – considering Bitcoin’s value today.
Burger King has partnered with retail investing app Robinhood to launch an app promotion in 2021. Loyalty program members who spent only $5 on any menu item would earn a bit of crypto back to their accounts, which boosted new app installs to over 30%.
Financial donations to the Red Cross can now be made with Bitcoin. This has been made possible thanks to the Red Cross’ partnership with BitPay, one of the world’s leading Bitcoin and crypto services providers. So if you have crypto to spare and you’ve been looking to donate to relief efforts or other programs, you can do it easily via BitPay.
Hotels, Flights, etc.
Bitcoin is used for everything, from financial donations to booking hotel stays and flight tickets. Many hotels and travel websites accept cryptocurrencies, and others, like Airbnb, hope to add them soon. It’s the same with air travel companies turning to crypto as the world is facing a recession.
Bitcoin and other cryptocurrencies are not just an idea anymore. It took root and is now used as an alternative to real money payments. With more and more stores accepting Bitcoin, this is a reality. Traditional finance has numerous disadvantages, and crypto may be the future solution.