What can I Buy with Cryptocurrency?
Since the beginning of Bitcoin and its fellow currencies, the world has watched as innovators from all around scheme up new ways to receive this anomalous cybercash as payment for their goods & services – and now we watch as the bigger players begin to follow suit. Before you know it, people with make purchases and buy with crypto as if it was normal fiat currency.
According to Coinmap, on July 10th, 2019, there were 15,093 businesses accepting crypto as payment. Other reports say this figure is in the hundreds of thousands, and will only continue to grow as more adopters enter the market.
Using crypto as a payment method is becoming easier by the day too, with tech firms such as Bitpay working on payment processors that can exchange your crypto straight into local fiat in real-time upon transaction.
Another bigger player now in the race is Visa, with their pre-paid bitcoin card aiming to streamline the digital currency conversion process. These innovations have the ability to pull the volatility problem right out of the transactional equation, but also allow both parties to feel confident that they are sending and receiving the same amount of value.
What can I currently buy with crypto?
Real estate can be purchased with cryptocurrency with bitcoin-realestate.com
Virtual real estate can be purchased through places like decentraland.org
Cars can be purchased through websites like buysellcarwithbitcoin.
Tickets to space are able to be purchased from Virgin Galactic.
Bet on sporting events with sportsbet.io.
Gift cards can be purchased on eGifter providing indirect access to major players including names like Uber eats and Amazon.
Gold & silver can be purchased through websites like MyGold.co.nz.
Your university tuition fee can be paid off if you decide to go to this university in Switzerland.
Clothing can be purchased through Bitgear.co.
Cryptocurrency can be exchanged into other cryptos using Changelly.com.
To see our list of all the places in New Zealand that accept cryptocurrency, click here.
The Image you can see above is a screenshot of Coinmap.org, a regularly updated live map of a great chunk of the businesses that are currently accepting crypto. Though not every business that accepts crypto is up on this website yet, the listed venue’s figure is growing faster and faster every day.
Theoretically, anything and everything that can be purchased using fiat currency can be purchased alternatively with crypto, and who knows, soon we may see organizations only accepting crypto. It’s only a matter of time before the mainstream population will buy with crypto.
Another way to spend your crypto is to buy back some NZD from us! Click here to trade back at the best rates and speeds in New Zealand