A key focus of my blog is Financial Literacy/Money. Cryptocurrencies are now a force to be reckoned with in the financial world and have the attention of both world governments and citizens. Bitcoin started off as a speculative investment for building wealth, but can it be used in business transactions? The following contributed post is entitled, What Can You Buy With Bitcoin?
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There is still a weird assumption around bitcoin. It’s because you can’t physically touch it, the people still think they are worthless, and that no one buys them. But we should all remember when bitcoin was very first available, many many retailers jumped on the bandwagon and accepted them. Since then there has been a decline, but that doesn’t mean that you can’t spend your bitcoins, mining, and use them elsewhere.
Photo by Dmitry Demidko on Unsplash
Bitcoins and Blockchain can be used in so many different industries, for example, blockchain is helping supply chains-and if that sounds like something you’re interested in you should follow the link to find out more. And if you want to get a deeper feel for how blockchain and bitcoin work then check here.
So if you are considering buying bitcoin, or working out where you can spend yours-that this is a great list of songs in places.
Real Estate
In general, the goods that you can buy with bitcoin might be considered quite luxurious. This also means that you are telling your bitcoins into long-term investments. The standard housing market is not the place where you would look to spend your bitcoin though. You’ll actually be looking at luxury real estate. In fact, there is a company called the bitcoin realist date, which allows you to buy and sell the property directly in bitcoins. It also has a huge range of worldwide features that can be purchased, so you won’t be looking only local.
Travel
There are still many places that will accept bitcoin as payment for booking flights, hotels, and so much more. You can check at BTCT trip for somewhere that is exclusively designed to take payments in bitcoin. Of course, there are others available, and well done you said you might notice Expedia has bitcoin terms and conditions on the website. However, they stopped accepting bitcoin payments in June 2018. Here are a few alternatives:
● Travel for coins
● Cheapair
● Virgin Galactic-if you feel like going into space
● ABITSKY
● Future.travel
● Gold and silver
If you feel like turning your bitcoins into real money and investing it well, then purchasing gold and silver is the ideal thing for you. There are plenty of companies that will accept bitcoin as a payment option. It is also worth noting that some companies can offer their own native bitcoins too. Ampex is one of the companies that will be happy to trade goals for bitcoins or bitcoin cash. You will have to make sure that your bitcoin wallet is compatible with their payment system though. In most cases, any of these transactions will take 15 minutes or less. The reason it will be so quick is because of the fluctuation of bitcoin price. And there might be a price limit on what you can spend. Bitcoin can often no longer be accepted as a payment amount once you hit a specific dollar amount.
Gram gold has a particular process in which it can purchase 1 g of investment-grade gold, and receive a smart contract as proof of asset. Which is a very interesting way of acquiring crypto gold.
You could also check at Jm Bullion, this is another great place you can purchase gold, platinum, silver and even Palladium with bitcoin. And you get a nice 4% discount when you pay with bitcoin too.
