Up until recently, people were buying cryptocurrencies not because they expected to be able to go to the store and spend them but because they expected them to hold their value. You won’t go to the supermarket and pay for groceries with gold, right?
Cryptocurrencies made for transactionStill, the crypto market has developed at such a fast pace recently that many crypotocurrencies are now optimized and just made for a transaction. They are designed to be spent and used very quickly. And it is only natural for more and more such options to appear and satisfy the ever-increasing demand triggered by thе intrоduсtiоn оf mоbilе соntасtlеss раymеnt sоlutiоns, the rise of NFС аnd QR соdеs coupled with the crypto economy phenomenal growth rate and the сryрtосurrеnсy сарitаlizаtiоn thаt hаs аlrеаdy surраssеd US$ 150 billiоn.
And while we are still a bit away from the moment when cryptocurrencies will become a medium for daily transactions, making it possible to buy everything from a cup of coffee to an apartment, the number of retailers and payment processors accepting crypto payments is increasing on a daily basis and more and more companies are coming to the idea of integrating crypto into their operations.
What can you buy with crypto now?The growing range of products and services like travel, electronics, luxury items, and even cars are among the items that cryptos can purchase. Some categories may even surprise you as we are certain you have never thought it is possible to use your crypto wallet for purchasing a plastic surgery operation or… good karma.
Let’s browse now across some of the most active categories:
CarsWe are all well aware by now that we can use crypto to buy a Tesla – the news was all over the media. But do you know that BMW is also available for a good crypto deal, although you’ll have to go through a third-party site?
Food… fast (not only in terms of delivery)Although spread only in certain locations and still not covering their operations worldwide, some fast-food chains and restaurants are already on the heels of demand and adopting crypto payment. If you like to ‘eat fresh’ with Subway or ‘have it your way’ with Burger King, then you can dedicate small bits of your cryptocurrency to a good bite, can’t you? In Australia, you can have your beer ordered in crypto as well. Wish you were beer… sorry… here.
A vacation powered by cryptoSummer is just a month away. Are you planning your vacation? If yes, then use your crypto wallet to pay for your airline tickets. Companies such as CheapAir, AirBaltic and Travela provide excellent opportunities to book your flight with tokens. Not only that, but they are both partnering with Booking.com and Expedia to allow users to make purchases via cryptocurrencies for an increasing number of hotels worldwide.
Tech and e-commerce productsSome of the world’s biggest companies allow users to add money to their accounts with crypto coins and pay for their products and services. The leaders among them are Microsoft and Newegg and big retailers such as Home Depot and Shopify. The list goes even longer when we add VPN and web-service companies such as WordPress, ExpressVPN, Vultr, and NordVPN. What better deal for gamers to be able to pay in Twitch or for Millenials to have their online news subscription with Bloomberg with crypto?
EducationThere are more and more universities now that make it easy to pay directly from your favorite crypto wallet. The pioneers who are tracing the path in the industry are the Australian Curtin University, The King’s College in New York, ESMT in Germany, and the University of Nicosia in Cyprus. The latter has become the first university to offer a Master’s in Blockchain and Digital Currency program.
Good karma!You can definitely buy good karma with crypto. It appears more useful and efficient for both charities and donors to take crypto into consideration. Why? Because donating money usually incurs huge fees. On top – some donors would prefer to keep their support anonymous for one reason or another. Donating money using crypto coins actually avoids both of those concerns. Some of the charities that are already in are The Giving Block, Heifer International, Autism Speaks, and Wikileaks.
Going to the wild side of thingsWell, on top of all that is mentioned above, you may find it funny, you may find it amusing, you may find it insidious or totally crazy, but you can open your crypto wallet and hop on a taxi ride in Argentina and Hungary, order a lap dance in Las Vegas, cover a funeral service in Minnesota, have a Brasilian butt lift operation or even spend your crypto on physical gold (or silver, or platinum) in the form of bars or coins.
Calling cryptocurrencies ‘digital gold’ now makes more sense, right? It goes mainstream fast and this mainstream may ultimately make cryptocurrencies live up to their original promise of being currencies for daily transactions.