You may have heard of bitcoin, the digital currency making headlines lately. Bitcoin is a decentralized currency, which any government or financial institution does not control. This makes it a popular choice for people looking for an alternative to traditional currencies. So what can you buy with bitcoin? Keep reading to find out.
Let’s look at these things.
The first car which has ever been bought using bitcoin was sold on a popular classifieds website in the US back in 2015. The $103,000 took place between an American buyer and a German seller who lives near Stuttgart. The price of the car is lower than it would be if it were to be sold for Fiat currency, but one cannot directly buy cars with bitcoin from stock.
This is because there are no sellers accepting bitcoins as a payment method. If you’re willing to start bitcoin trading, you must choose Bitcoin Code.
Electronics also work well as items that can be purchased with bitcoins. In 2014, Swedish s company ‘Bitcoinbyran’ started selling their laptops and computer equipment for bitcoin only – they accept digital currencies as a form of payment, instead of using cash or debit/credit cards.
They also provide a digital wallet for customers to keep their items and a private key, so those with advanced knowledge can learn more about cryptocurrency.
Investors who hold stock can use Bitcoin to purchase goods and services anonymously. Some major companies accept Bitcoin, including Overstock.com, Expedia.com, Newegg.com, Robocoin ATMs, Microsoft (XBOX), Dell (Alienware PCs), and Tesla.
Bitcoin has much to offer, and it is changing the way we do business and pay for goods and services. Overstock.com, one of the large online retailers now accepting Bitcoin as a form of payment, saw its share price climb over 300% in 2013 alone. If you weren’t paying attention before now, now is the time to start.
You can buy all sorts of furnishings for your home or office by way of Overstock.com, a well-known retailer that accepts bitcoins as payment. Customers can select their preferred colour and size for many items, including tables, chairs, ottomans, rugs, and even appliances like refrigerators.
“We’re proud to now accept bitcoin payments,” said Jonathan Johnson, president of Medici Ventures, Overstock’s blockchain development subsidiary. “Through the partnership with to a financial technology company.
Computer parts such as graphics cards and processors, which you can use to build your computer, Electronics such as USB chargers, earphones, cables, Home appliances such as microwaves and speakers, Kitchen appliances such as blenders, crockpots, and stirrers, Cameras can be brought with bitcoin.
The Philadelphia Phillies announced last year that they would accept Bitcoins as payment for tickets and merchandise. And an entrepreneur in New York recently listed his Manhattan apartment for sale in exchange for $615,000 worth of Bitcoins (he later took the listing down).
The Bottom Line
With Bitcoin, you can buy stuff like a sandwich, computer parts, and even airplane parts. If you’re wondering, there are no laws requiring companies to accept Bitcoin as payment for goods or services, and it’s up to the business owner whether they want to start accepting Bitcoins or not.