As Bitcoin keeps shattering records in value, and it revolutionizes the financial industry with each passing day, we can only imagine what the future holds for this cryptocurrency. Many experts believe that it has the power to become the official global universal payment method due to the fact that it is so well accepted by the public.
Still, some disbelievers claim that Bitcoin is a massive scam and that the cryptocurrency does not have a value at all. This is kind of the topic that we wanted to touch on today by naming some products that you can purchase with Bitcoin. But, to purchase them, you first got to earn your Bitcoins. So, let’s see how you do that first.
Essentially, there are two ways to earn Bitcoins – buying them and mining them. Buying them is irrelevant to our topic since Bitcoins can be expensive to purchase, which is why we’ll stick to mining. This process rewards you with Bitcoins for every transaction with the cryptocurrency that you verify and record. To do that, you need to solve very complex puzzles.
After you earn them, you can choose to use them to purchase goods, or sell them and make a profit. If you decide to sell them, trading sites can be of massive help. Not only are they the platforms where interested buyers come to purchase Bitcoins, but they also have the technology which will help you maximize your profits.
Let’s take one of the most reputable trading sites as an example – Bitcoin Champion. This trading site has an advanced AI system which collects all the data on the market concerning this cryptocurrency and manages to predict its future fluctuations with great precision. In doing so, it lets you know when it is the best time to sell your Bitcoins and maximize your profits. The daily profitability rate here is high, which is why there are thousands of registered users from all around the world.
Now, let’s check out some of the things that you can buy with Bitcoin.
Purchase an Xbox
Microsoft is one of the biggest supporters of Bitcoin. That is why the company has integrated it as an accepted payment method. You can purchase various apps, tools, games, and even an Xbox. This gaming console is very popular around the world, so having an extra way to buy it is a great advantage. Even the founder of Microsoft – Bill Gates is an open supporter of Bitcoin.
Pay for your Starbucks coffee
Next up, we have one of the biggest coffee chains in the world. Starbucks is a well-known name in every corner of the planet. In 2019, the company has announced that Bitcoin will be accepted as a payment method. Now, people can pay for their favourite coffee using this cryptocurrency.
Book a hotel
Lastly, we have the biggest online travel agencies in the world – Expedia. This agency is also a vocal supporter of Bitcoin, which is why it allows its customers to book hotels with it. Due to the fact that Expedia cooperates with many companies, some of which do not accept Bitcoin, the number of options available is limited, but data shows that you can use Bitcoin to book nights in around 700,000 hotels globally.
Why use Bitcoin as a payment method?
Bitcoin provides you with a certain level of anonymity by using the cryptology method, which masks the data by using codes. Not only that, but all transactions made with it are instant, unlike credit cards, for example, who have a processing time of up to 7 business days. Lastly and most importantly, Bitcoin allows you to escape hidden or added fees, thus allowing you to save money with each transaction.