What Can You Buy With Bitcoin?
Bitcoin is the staple and foundation of the cryptocurrency market. While this is slowly changing due to the crypto-scene’s evolution over these past 10 years and the fact that, in many ways, Bitcoin is technologically outdated — it still works perfectly and, most importantly, has built up social proof.
Many large companies are aware of the benefits that bitcoin payments can provide for them. Today, it’s easy to set up your company to accept cryptocurrencies and have them instantly transformed into whatever currency you need later on.
No state (or privately owned, for that matter) financial intermediary can interrupt or freeze bitcoin accounts or operations, and the transaction fees are quite low, which is particularly good for travelers. Mobile phone payments only require an internet connection, a wallet, and a few minutes of your time.
With this being said, have a look at a very small sample of companies that are accepting Bitcoin and/or crypto payments:
- KFC Canada
- Virgin Galactic
- Whole Foods
But it doesn’t stop with the companies. At this point almost every major city in the world has their own crypto markets, making it extremely easy to locally exchange crypto for cash and use that cash to purchase whatever it is that you need. Although not decentralized, it’s still an effective method to get what you need or want from the regular economy.