Mar 2, 2019 07:00 UTC
Mar 2, 2019 at 07:00 UTC
Who Accepts Bitcoin & What Can You Buy With It?
Bitcoin, the digital currency has gradually gained much wider acceptance as a mode of payment but the hue and cry surrounding its trade market ups & downs have almost kept Bitcoin as a payment method in the shadows.
If we look back at the Bitcoin whitepaper, Bitcoin was described as a peer-to-peer cashless network. The aim was to help people use a decentralized currency without their banks getting involved in it. However, since the 2017 trade market price peak, most of the world view Bitcoin either as an investment option or a store of value.
Bitcoin as a mode of payment is now being accepted by a number of online retail shops and even in offline stores in many countries. The number of vendors accepting Bitcoin is also rising daily. Recently an analytical firm also confirmed that Bitcoin is now legal in more than 111 countries.
Do you own Bitcoin, but don’t know how you can spend it for buying your daily needs, well this article would help you understand how you can use your Bitcoin to buy various commodities just like you do with your fiat.
How To Use Bitcoin as a Mode of Payment?
Bitcoin is only a decade old and came into the limelight of masses after its phenomenal price rise. However, even before Bitcoin became a household name, people who understood the technology or the concept started using it way back in 2010. The first registered use of Bitcoin as a mode of payment gained popularity over the darknet marketplaces.
As people realized the potential of the digital coin, people started using it even beyond the darknet. Earliest Bitcoin purchases include buying pizza, and some of the earliest Bitcoin transaction became a part of the Bitcoin folk fair.
As of today, Bitcoin use is quite common especially in those countries which have adopted a certain level of regulations for crypto use. You can pay using Bitcoin at airports, tourist destinations where exchange currency can become a nightmare and of course various online stores including adult toy shops.
Bitcoin is also being accepted as a mode of paying taxes in many states of America, although most of them are pilot projects, we must look at the bigger picture on how Bitcoin is gradually paving its way into the traditional payment system. It might take some time before using Bitcoin would be as normal as using a fiat, but even today the number of companies accepting Bitcoin is quite large given the small time frame that the concept has existed.
List of Companies Which Accepts Bitcoin as a Payment
There are hundreds of online shops and offline merchants which accepts Bitcoin as payment, below we have listed some of the most popular destinations where you can spend your Bitcoin riches to buy some food and maybe a bear!
- KFC Canada
- Overstock.com – A company that sells big-ticket items at lower prices due to overstocking
- Subway – Eat fresh
- Microsoft – Users can buy content with Bitcoin on Xbox and Windows store
- Reddit – You can buy premium features there with bitcoins
- Virgin Galactic – Richard Branson company that includes Virgin Mobile and Virgin Airline
- OkCupid – Online dating site
- Namecheap – Domain name registrar
- CheapAir.com – Travel booking site for airline tickets, car rentals, hotels
- Expedia.com – Online travel booking agency
- Gyft – Buy gift cards using Bitcoin
- Newegg.com – Online electronics retailer now uses bitpay to accept bitcoin as payment
- Wikipedia – The Free Encyclopedia with 4 570 000+ article
- Alza – Largest Czech online retailer
- The Internet Archive – web documentation company
- Bitcoin.Travel – a travel site that provides accommodation, apartments, attractions, bars, and beauty salons around the world
- Pembury Tavern – A pub in London, England
- Old Fitzroy – A pub in Sydney
- The Pink Cow – A diner in Tokyo Japan
- The Pirate Bay – BitTorrent directories
- Zynga – Mobile gaming
- 4Chan.org – For premium services
- EZTV – Torrents TV shows provider
- Mega.co.nz – The new venture started by the former owner of MegaUpload Kim Dotcom
- Lumfile – Free cloud base file server – pay for premium services
- Etsy Vendors – 93 of them
- PizzaForCoins.com – Domino’s Pizza signed up – pay for their pizza with bitcoins
- Whole Foods – Organic food store (by purchasing the gift card from Gyft)
- Bitcoincoffee.com – Buy your favorite coffee online
- Grass Hill Alpacas – A local farm in Haydenville, MA
- Jeffersons Store – A streetwear clothing store in Bergenfield, N.J
- Helen’s Pizza – Jersey City, N.J., you can get a slice of pizza for 0.00339 bitcoin by pointing your phone at a sign next to the cash register
- A Class Limousine – Pick you up and drop you off at Newark (N.J.) Airport
- Seoclerks.com – Get SEO work done on your site cheap
- Mint.com – Mint pulls all your financial accounts into one place. Set a budget, track your goals and do more
- Fancy.com – Discover amazing stuff, collect the things you love, buy it all in one place
- Bloomberg.com – Online newspaper
- Humblebundle.com – Indie game site
- BigFishGames.com – Games for PC, Mac, and Smartphones (iPhone, Android, Windows)
- Suntimes.com – Chicago based online newspaper
- San Jose Earthquakes – San Jose California Professional Soccer Team (MLS)
- Crowdtilt.com – The fastest and easiest way to pool funds with family and friends
- Lumfile – Server company that offers free cloud-based servers
- Museum of the Coastal Bend – 2200 East Red River Street, Victoria, Texas 77901, USA
- Gap, GameStop, and JC Penney – have to use eGifter.com
- Etsy Vendors – Original art and Jewelry creations
- Fight for the Future – Leading organization finding for Internet freedom
- i-Pmart (ipmart.com.my) – A Malaysian online mobile phone and electronic parts retailer
- curryupnow.com – A total of 12 restaurants on the list of restaurants accept bitcoins San Francisco Bay Area
- Dish Network – An American direct-broadcast satellite service provider
- The Libertarian Party – United States political party
- Yacht-base.com – Croatian yacht charter company
- Euro Pacific – A major precious metal dealer
- CEX – The trade-in chain has a shop in Glasgow, Scotland that accepts bitcoin Straub
- Auto Repairs – 477 Warburton Ave, Hastings-on-Hudson, NY 10706 – (914) 478-1177
- PSP Mollie – Dutch Payment Service
- Intuit – an American software company that develops financial and tax preparation software and related services for small businesses, accountants and individuals.
- ShopJoy – An Australian online retailer that sells novelty and unique gifts
- Lv.net – Las Vegas high-speed internet services
- ExpressVPN.com – High speed, ultra-secure VPN network
- Grooveshark – Online music streaming service based in the United States
- Braintree – Well known payments processor
- MIT Coop Store – Massachusetts Institute of Technology student bookstore
- SimplePay – Nigeria’s most popular web and mobile-based wallet service
- SFU bookstore – Simon Fraser University in Vancouver, Canada
- State Republican Party – First State Republican Party to accept bitcoin donations (http://www.lagop.com/bitcoin-donate)
- mspinc.com – Respiratory medical equipment supplies store
- Shopify.com – An online store that allows anyone to sell their products
The plethora of portals accepting bitcoin is quite large and the number will only increase exponentially as many countries are at the verge of completing the regulatory framework to allow crypto use in their country. The trade market value is only one aspect of the Bitcoin while the creator, Satoshi Nakamoto always viewed Bitcoin as a mode of payment first and then as an investment and store of value option.
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