Are you aware of the next big thing in investing? It’s not legal marijuana; it is digital currency and it is growing in use all over the globe. In the last two years, Bitcoin value has increased by around 900%. There was a time when one Bitcoin cost around $255 and now it is roughly $5,000. Digital currencies such as Bitcoin became a hot commodity as of late, and there are numerous reasons behind it. It is actually a confluence of catalysts which accelerated momentum behind all digital currencies.
Use Bitcoins for buying products and services
Realizing the popularity and potential of cryptocurrencies, many individuals around the world are coming forward to use this digital currency. Do you have Bitcoins to spend? There are many big organizations and businesses all around the world that have started accepting Bitcoin as a method of payment. If you are holding digital currencies, there are enough options available where you can use it like traditional currencies.
Wondering where to start? Here are some of the top sites which are accepting digital currencies as a method of payment for goods and services. Interestingly, a growing number of brick and mortar businesses fall around the world are accepting digital currencies as a mode of payment. There are even places where you can pay your parking fees with Bitcoin.
Overstock.com was the first popular and reputed online retailer that started accepting digital currencies back in 2014. The online retailer collaborated with one popular Bitcoin exchange to allow customers pay for a wide range of items with Bitcoins. With Overstock.com, customers get the chance to pay for laptops, television and various other items using digital currencies. At the payment page select the option “Pay with Bitcoin” to complete your purchase. It’s as easy as that.
Expedia is a popular online travel booking agency and since 2014, Bitcoin has been available as a payment option for users of the service.. Similar to Overstock.com, Expedia also teamed up with a popular Bitcoin exchange group to implement the new payment system. At present, Bitcoin payments are accepted only for hotel bookings and somewhere down the line it may be expanded to payments for flights and various other activities.
Though Bitcoin is popular in many places, you still cannot spend it at every offline store or online portal. However, if you are willing to buy gift cards for your loved ones, you can use digital currencies with ease. eGifter is a popular gift card purchasing website which lets users buy gift cards for multiple shops, restaurants, and businesses. With their site or mobile app, you can find gift cards for Amazon, Sephora, JCPenny, Kohl’s, Home Depot and many more. And, you can use Bitcoin as your method of payment.
For all you gadget junkies, there is good news. Electronic retail giant Newegg started taking Bitcoin as a method of payment beginning July of 2014. Now use your digital currencies to buy the latest gadgets with ease. Newegg selected BitPay as its partner for processing digital currency payments. However, digital currencies are not accepted for the following orders:
- Marketplace products
- Digital Gift Cards
- Subscription orders
- Will Call orders
- Return shipping labels
- Premier memberships
Also, remember that a Bitcoin payment option may not be available for items that you are buying from a seller other than Newegg.
Businesses Accepting Bitcoin at Shopify Stores
Shopify is a popular e-commerce platform that allows merchants from different places to set up online shops and to sell a wide range of products or items similar to eBay or Etsy. In 2013, all Shopify merchants received the option to accept the digital currency as a mode of payment. Shopify partnered with BitPay for processing digital currency payments.
Dish is a popular name when it comes to Internet service providers and Satellite television. In 2014, Dish started accepting Bitcoin as a mode of payment for all kind of subscriptions. Dish is one of the most reputed and largest companies to date to adopt the digital currency.
With enough time, there are many new companies that will make Bitcoin available to use as payment. Clearly, the addition of more businesses using Bitcoin as a form of payment shows exactly how digital currencies are growing and being accepted by millions.