What may Bitcoin be used to purchase?
Have you ever wondered what people do with their Bitcoin or Ethereum when they purchase them? Can these cryptocurrencies be used to buy goods?
Actually, there are so many uses for cryptocurrency!
You may use Bitcoin to buy coffee, movie tickets, or even pay your phone bill. More and more merchants are accepting Bitcoin and ETH nowadays.
Bitcoin is accepted at Starbucks, Amazon, and Mastercard
With the growth of third-party payment providers, more merchants are now accepting cryptocurrencies.
Starbucks began accepting bitcoin payments through Bakkt earlier this year.
If you wish to shop on Amazon, you may use Purse, a third-party payment provider that does not pay Amazon with bitcoin, but instead charges the Amazon gift card to the person who wants to buy bitcoin, then completes the transaction. Certain websites/platforms that categorize products on the market accept Bitcoin payments as well, such as Spendabit.
Furthermore, AT&T, the largest telecom company in the United States, allows individuals to pay their telephone bills with cryptocurrency through third-party payments. Customers of AMC (a cinema chain in the United States) are also starting to be able to purchase tickets online using bitcoin or Ethereum.
Even Paypal, a traditional third-party payment company, has started to allow Bitcoin, Bitcoin Cash, Ether and Litecoin as payment methods.
Mastercard has also announced a partnership with Bakkt that will allow all of its partner banks and merchants to integrate cryptocurrency transactions into their existing products.
In Varidata, you can also pay with bitcoin or Ethereum when you deploy a server for your business.