Bitcoin has been around for quite a while now, but the majority of people don’t know anything about it other than the fact that it’s a form of cryptocurrency. That description doesn’t do it justice, though. It’s not just any old form of cryptocurrency; it’s the original. Without Bitcoin, it’s doubtful that other forms of crypto would have appeared and gained the kind of prominence that they enjoy today. Regardless of that, though, most people feel like they don’t know enough about it to buy or trade in it.
We don’t blame the public for not really knowing where they stand with cryptocurrency. It doesn’t receive much mainstream publicity, and that which it does receive tends to be confusing. Even people who’ve made millions in Bitcoin have gone on record in the past as saying that they feel like the peak years are over, but reports of its doom always turn out to be inaccurate. It’s true that the price of Bitcoin has fallen many times over the years, but it always seems to find a way to come back. Even today, in a volatile and unpredictable market, it’s remained relatively stable.
“Stable” isn’t what most people look for in a currency, though. To most people, a currency is useless unless you can find something you spend it on. As your local stores (probably) don’t accept Bitcoin, you might be one of the many people who’ve held back on the idea of acquiring Bitcoin because you don’t believe you’ll ever be able to buy anything with it. Allow us to dispel that myth for you. Here are five goods and commodities that you might not know you can pay for using Bitcoin.
If you live in Texas, you can use Bitcoin to pay for your home defenses. Texas-based gun dealer Central Texas Gun Works was the first to open its doors to Bitcoin in 2014, and as they’re still accepting payment via that method today, it’s probably fair to assume that the decision went well for them. They allow people to pay for firearms either through the internet or in person using Bitcoin, and view it as a way to gain an edge over their rivals. The idea hasn’t quite caught on across the entirety of the United States yet, but it’s usually the case that when one company does something and starts to make money from it, others will follow.
Bars and pubs are no longer places full of middle-aged men in smoky environments. You’re just as likely to find real ale-drinking hipsters in there today, sitting quietly in corners with their iPads or their Kindles. As a demographic, they’re more likely to be interested in Bitcoin than the average person, and so it makes sense to accept payment for them in a type of currency they’re likely to have about their person. The Old Fitzroy Bar in Sydney, Australia, claims to have been the first in the world to allow for Bitcoin payments back in 2013, but since then we’ve seen the practice spread to London and Manchester in the United Kingdom, and from there it’s now becoming common all over the world.
Getting tickets for high-profile basketball games isn’t easy, as they tend to sell out the moment they’re put on sale. If you’re lucky enough to get the chance to acquire some, though, you can do it with Bitcoin so long as you’re in the right place, and you follow the right team. The Dallas Mavericks became the first basketball team to accept Bitcoin in August 2019. That was the culmination of a remarkable change of heart from Mark Cuban, the team’s owner. He was once an outspoken critic of Bitcoin, but now he’s a heavy investor in the currency. Not only can you pay to see his team using Bitcoin, but you can also even use less popular or well-known forms of crypto like Ethereum.
No good casino turns away money, and that goes for online slots websites and casinos as well as those that exist offline. For the past three or four years, there’s been an increasing trend among UK slots websites to accept money via PayPal, Bitcoin, and several other methods of payment that the average web-based retailer wouldn’t allow for. From what we know, it’s a little harder to claim your online slots winnings back in Bitcoin than it is to pay for your bets in Bitcoin, but the facility to make those bets using crypto has existed for a while now. As the online slots and casinos sector is one of the fastest-growing industries on the internet, this doesn’t surprise us. We don’t know whether paying for your online slots sessions with Bitcoin makes you any luckier, but we suppose it doesn’t do any harm to find out!
Anything You Like In Japan
Although Bitcoin is a decentralized currency – which is the whole point of cryptocurrencies in general – if it were to have a head office, it would be in Japan. Japan has always been a famously forward-thinking country when it comes to technology, and Bitcoin awareness and usage is more widespread there than it is anywhere else in the world. There’s almost nothing you can’t buy there with Bitcoin. You can pay for your hotel reservation with Bitcoin. Electronics can be bought with Bitcoin. Even some of the bigger fast-food restaurants are happy for you to pay for your meal using Bitcoin. If you’re thinking of paying a visit to the Land of the Rising Sun in the near future, you might want to reconsider converting your usual currency into Yen. It might make more sense to convert it into Bitcoin instead. You might even get a better exchange rate!
We hope this helps to get the message across that Bitcoin isn’t going away any time soon. It’s fine to be wary of it if you’re not especially computer literate, and maybe even a little suspicious of it if the idea of an electric currency doesn’t appeal to you, but it can no longer be ignored. Bitcoin is here to stay, and it’s going to become a viable means of making payment in more and more places as time goes on. If you’ve been shying away from it until now, this could be a good time to check it out and find out if it’s something that could work for you.