As the influence of Bitcoin and other cryptocurrencies continue to rise, the ways that consumers can use them continue to grow as well. More and more businesses and industries are adopting Bitcoin and finding ways to incorporate cryptocurrencies into what they do and the types of payments they accept. In fact, not all consumers or Bitcoin users understand the extent that crypto can be used. With that being said, let’s take a look at some of the goods and services that can be easily purchased using Bitcoin, as well as the transactions that can be conducted with cryptocurrencies.
Gift Cards
One thing that may never go out of style is giving people gift cards as presents. That’s certainly not going to change now that countless platforms are able to accept cryptocurrencies when consumers purchase gift cards. This is helping to make gift card purchases safer, more secure, and much more convenient, especially with Bitcoin payment service providers making it easy.
Luxury Watches
The high-end watch industry is embracing Bitcoin and other cryptos as much as any other industry. Luxury brands like Rolex have gotten on board with Bitcoin and made it easy to sell watches using Bitcoin. Obviously, it takes a healthy supply of Bitcoin for consumers to afford a luxury watch. Yet, thanks to crypto platforms, watches are becoming among the most common products purchased with Bitcoin and other cryptos.
Sports Bets
The only industry that might be growing faster than crypto is sports betting. Sports betting, including the use of online platforms, has become legal throughout large portions of the U.S., adding to the worldwide popularity of gambling on sporting events. With the rise of crypto happening concurrently, some of the top betting sites are allowing transactions to be conducted using Bitcoin and other cryptocurrencies. This is helping to add a layer of security to all of the money being exchanged on sportsbooks while also enabling those with Bitcoin to use crypto savings to place sports bets.
Video Games
In addition to sports betting ,video games is another industry that continues to grow by leaps and bounds, just like crypto. Therefore, it’s only natural for there to be a connection between video games and Bitcoin. Gaming platforms like Xbox are jumping into the crypto game, allowing gamers to use Bitcoin to pay for subscriptions, games, and in-game add-ons. Again, there’s an added level of security and convenience when using Bitcoin to make purchases on video game platforms, which is why these two industries are a natural fit for one another.
Travel
The travel industry is massive, but it’s usually good about catching onto trends, which is what we’re seeing with its connection to Bitcoin and other cryptocurrencies. After all, travel is a competitive industry, which means companies are always trying to find a way to distinguish themselves from the pack. Some companies have done that by incorporating Bitcoin payments into their business plan. Popular travel sites like Expedia are already allowing customers to pay for hotels using Bitcoin with plans to do the same for flights and other travel services. Likewise, a few airlines have also started to accept Bitcoin as payment. The day is coming when people will be able to plan and pay for their dream vacation entirely on the blockchain while using Bitcoin to pay for it.
Charitable Donations
Somewhat surprisingly, there is a strong link between cryptocurrencies and charities. This actually isn’t that surprising because charities tend to accept large volumes of money. They also have to work with a wide variety of donors, some of whom want their contributions to remain secret or anonymous. This makes charitable organizations a perfect fit for blockchain technology and Bitcoin. With help from the blockchain, charities can keep donations secure and reduce some of their overhead costs. Fortunately, there are platforms that are helping to ease the transition, making it possible for charities of all sizes to accept crypto donations.
Cars
There is no question that the act of buying a car has changed a lot in recent years. There are far more options than just visiting a dealership. There are also more options when it comes to paying for a car, including Bitcoin. And there are multiple dealerships and online platforms that actually list car prices in Bitcoin and other cryptocurrencies, as well as in traditional currencies. Naturally, these platforms also allow transactions to be conducted using crypto. Needless to say, buying a car is expensive. But the fact that there are Bitcoin-specific dealerships and platforms is a testament to how far Bitcoin transactions and purchases have come in recent years.
