One question that I have gotten multiple times is “Where can I actually spend my Bitcoin if I buy some?” This is an incredibly insightful question and should be discussed more!
Bitcoin Futures have been started and, with this development, institutional money has joined the cryptocurrency marketplace! So much mass media publicity has been surrounding the crypto community lately and many new adopters are buying into Bitcoin with hopes of getting some exponential gains like have been seen in the recent past for many cryptocoin investors.
The benefit to us cryptocoiners is that now we are able to start buying more products and services with our coins that we weren’t able to before. Before, we had to cash them out to fiat currency before we could pay bills or rent hotel rooms.
#1: University Tuition
I have to admit that this one surprised me but you can pay for classes at the University of Nicosia, Cyprus. Not all of you may want to take classes at this particular University but this opens the door for more educational institutions to offer this same option.
#5 Real Estate
Some real estate firms are allowing large purchases for properties with Bitcoin and apartment rental offices are starting to offer rent payments or deposits to be paid in Bitcoin using services like BitPay.
#6 Emergency Food Rations
I have friends and family members that could be considered “preppers” and they have excitedly purchased some food rations via Bitcoin on Overstock.com. Of course there are many options that can be purchased on Overstock.com like furniture and clothing as well. Overstock.com as a whole supports purchases with Bitcoin.
#8 Fast Food
Some Subway locations have been rumored to accept payment via Bitcoin. I don’t eat out much so I have not checked my local Subway yet to see if they offer this option. And some Burger King locations internationally have started to accept Bitcoin in exchange for a Whopper and some even offer buy 1 get 1 free if you pay with cryptocurrency.
#9 Cab Rides
This is my favorite one, if you want the truth. Because who doesn’t want to go on vacation to somewhere tropical and warm, especially when you can make money while you’re sleeping with the current rise of Bitcoin. Check out Expedia.com and CheapAir.
The best part about the newness of crypto is that even with the new influx of money there are still so many people that don’t know about it yet and have never even heard of Bitcoin or cryptocurrency. Think about how many businesses are going to offer the option of purchasing with Bitcoin and other cryptocurrencies in the near future. I can’t wait to see how this all plays out.
What have you purchased with cryptocurrency that you couldn’t buy before? I would love to hear about it in the comments! If you foundvalue in this post please share with your friends or leave a few claps so others can see the weirdest places that they can spend their cryptocoins too.
Disclosure: This blog post is for educational and informational purposes only and is based upon my individual experience. Please do your own research and do not invest any money that you cannot afford to lose. Consult with attorneys and tax professionals for any legal or tax related questions that you may have. This should not be considered to be investing, legal, or tax advice.
Some of the Weirdest Places You Can Spend Your Crypto Coins was originally published in wespostdotcom on Medium, where people are continuing the conversation by highlighting and responding to this story.