Ever since the development of Bitcoin, the demand for digital currencies or cryptocurrencies has seen significant growth. Although we have thousands of cryptocurrencies, Bitcoin is considered to be the top-most and widely accepted currency.
The value of Bitcoin has seen a tremendous increase. From $10,000 to more than $30,000, today Bitcoin tops the list of versatile cryptocurrencies.
Bitcoin is developed using the most complex algorithms that prevent unauthorized users from duplicating or creating Bitcoins. The cryptography based on advanced mathematical and computer engineering principles made it impossible to break Bitcoin’s source code and manipulate the currency’s supply.
Now the question is, what can you actually buy with Bitcoin? Well, the answer is quite simple. You can buy a lot but from a limited number of retailers! You can purchase goods from Amazon but using third-party services.
Although Bitcoin is the most efficient currency, it has its limitations. There are numerous restrictions on the direct purchasing of goods or services using Bitcoins.
The vast majority of airlines allow users to pay for airline tickets using Bitcoins. Almost 600 airlines accept Bitcoin at their checkout. Also, Expedia once accepted Bitcoins for hotel bookings.
Bitcoin has the potential to reshape the future of several industries. It is expected to hit the peak soon, with most retailers and businesses accepting payments in Bitcoin. Perhaps, a few giant retailers have already tried incorporating Bitcoin into their payment gateways – a few aced the test.
Since 2014, Microsoft began to accept Bitcoin on its online Xbox Store. But then the company temporarily paused accepting Bitcoins. However, Microsoft is accepting Bitcoins for the Xbox store credits.
Overstock is the leading accepter of Bitcoin and other cryptocurrencies. The platform accepts multiple cryptocurrencies for the benefit of all, the buyers, sellers, and the Bitcoin communities. So the next time you want to purchase home furniture, you can shop at Overstock.
Home Depot is one of the largest Hardware Store Chains in the USA. They accept Bitcoin-based payments. You can buy essential materials to build your entire house, kitchen remodeling accessories, and bbq grills using Bitcoins.
The Flexa’s checkout systems installed in the Home Depot stores allow customers to pay using Bitcoin.
Namecheap is the most favorite platform for the crypto community. It allows users to purchase domain names in Bitcoins. Also, one can receive credit by easily sending in Bitcoin.
Partnered with Winklevoss Flexa’s app ‘Spend’, Whole Foods allows customers to buy groceries using Bitcoin, Litecoin, or the Gemini dollar.
Soon the Regal Cinemas, Gamestop, Jamba Juice, and Baskin Robbins are also willing to shift to Bitcoin payments. So soon, the top merchants are seen adopting the cryptocurrency space.
NewEgg is popularly known for purchasing cryptocurrency mining hardware. And recognizing the potential of Bitcoin, the platform started accepting Bitcoin for their hardware.
Do you see the future of Bitcoin now?
Also, save this article for later!