What Can You Buy With Cryptocurrencies?

Cryptocurrencies are becoming more extensively recognized across a wide range of global economic sectors, making it easier for individuals to use them to pay for goods and services.

Because of its recent expansion, the cryptocurrency market has risen to become one of the world's most important financial marketplaces. The sector is valued more than $2 trillion, and with such growth comes adoption. Despite the rising popularity of cryptocurrencies, some consumers are still unsure of what they may buy with their crypto.

To allay your fears, this post will educate you about what can you buy with cryptocurrencies.

Cryptocurrencies are widely recognized in a variety of sectors.

Bitcoin was a relatively obscure financial instrument a decade ago. However, it is now well-known around the world and is gradually becoming more popular. As cryptocurrencies grew more widely accepted, it became easier to pay for goods and services using Bitcoin and other cryptocurrencies.

El Salvador was the first country to make Bitcoin legal tender, and you may use it to pay for anything. The United States, Canada, Spain, the United Kingdom, South Korea, and Singapore are also seeing a spike in cryptocurrency transactions. Here are some examples of how you may use your cryptocurrencies to pay for goods and services.

E-commerce and technology

Technology and eCommerce are two locations where you may quickly spend your cryptocurrencies. ECommerce businesses are making it easy for their customers to pay for their items using Bitcoin and other cryptocurrencies.

Overstock, with its relationship with Coinbase, is one of the main merchants that allows customers to pay for their items in crypto. NewEgg is an online retailer of technological items such as computer hardware and consumer electronics that accepts bitcoin payments. Other notable stores that take cryptocurrencies include Alza, the main online retailer in the Czech Republic, and Japan's Rakuten.

Namecheap is the hosting firm to choose if you want to pay for your domain name with bitcoin. Users may also access online archives through the Internet Archive, which takes bitcoin payments.

AT&T was one of the first major mobile providers in the world to allow its customers to pay for services with cryptocurrencies. The firm collaborated with BitPay to offer crypto payment options to its users.

Microsoft allows users to fund their Microsoft accounts using cryptocurrencies. The service was temporarily discontinued by the corporation, but it was reopened when the usage of BTC and other cryptos increased.

Thanks to its cooperation with Coinbase, Dish, one of the major TV service providers in the United States, now allows consumers to pay for their cable subscription using Bitcoin.

The entertainment industry

The entertainment industry is one of the industries where cryptocurrencies have gained traction. It is getting more convenient to pay for services using bitcoin and other cryptos in this market. AMC, one of the world's largest movie theater chains, now accepts a few cryptos, including BTC, ETH, SHIB, and DOGE, to pay for movie tickets and other services.

Twitch, Amazon's top game broadcasting network, is another site where you may pay for services using Bitcoin. The service was temporarily disabled in March 2019, however it will be re-enabled in June 2020.

The Food Industry

The food industry is another area where cryptocurrency usage is increasing. Several fast-food restaurants have begun to accept Bitcoin and other cryptocurrencies as payment for their products.

Burger King Venezuela has collaborated with Cryptobuyer to accept cryptocurrencies as payment. Customers can make payments in Bitcoin, Dash, Litecoin, Ethereum, and Tether. Pizza Hut is another large pizza chain that accepts Bitcoin payments.

KFC Canada is another well-known fast-food chain that takes Bitcoin as payment for its products. To handle the payments, the firm collaborated with BitPay. Quiznos, located in Denver, has collaborated with Bakkt to develop a test program that allows consumers to pay for meals with bitcoin via the Bakkt app.

Sports

Cryptocurrency firms have made inroads into the sports business. Crypto firms such as FTX and Crypto.com have teamed with a variety of athletic organizations in recent months to raise awareness of cryptocurrencies.

The adoption extends beyond sports organizations collaborating with cryptocurrency firms. Some sports venues currently accept cryptocurrency payments. The Dallas Mavericks accept Bitcoin for game tickets and merchandise, and BitPay handles cryptocurrency payments through the team's website.

The Miami Dolphins are another team that accepts Bitcoin and Litecoin as payment for game tickets.

Benfica, situated in Portugal, is one of the first soccer organizations in Europe to accept Bitcoin for game tickets and goods.

Tourism and Hospitality

The hotel sector is a major proponent of cryptocurrencies. BTC may be used to pay for space travel through Richard Branson's Virgin Mobile and Virgin Airlines. Norwegian Air Shuttle (Norwegian), Scandinavia's largest airline and Europe's third-largest budget airline, is another travel operator that accepts cryptocurrency payments.

CheapAir, one of the top online travel firms in the United States, has collaborated with Coinbase to enable clients to pay for travel and hospitality services using Bitcoin. Travala and Bitcoin.Travel are two additional big online travel agencies that accept BTC and a few other cryptocurrencies as payment for services.

Art and Real Estate

A growing number of real estate companies are accepting cryptocurrencies as payment for their homes. Cryptocurrencies have also made inroads into the art industry. Christie's, the British auction house, is now taking Bitcoin and Ether as payment for certain of its paintings, both real and digital.

VPNs and Gift Cards

VPN and gift cards are two more sectors where cryptocurrencies have gained traction. Gyft allows customers to purchase and sell gift cards for major shops such as Amazon, iTunes, and Starbucks online, and the firm accepts Bitcoin as payment for its services.

ExpressVPN, CyberGhost, NordVPN, and PrivateVPN are some of the main VPN service providers that accept Bitcoin and a few other cryptocurrencies as payment for their services and account upgrades.

Final Thoughts

Cryptocurrencies are increasingly being used to pay for goods and services. Businesses are starting to accept cryptocurrency payments directly or through third-party processors like BitPay, and this trend appears to be continuing until 2022.