Bitcoin is taking the internet economy by storm. Afraid to miss out on this phenomenon, merchants across the globe have started accepting bitcoin as a form of payment. The rise of Bitcoin has also given birth to a new business model where entrepreneurs have created e-commerce stores that only accept Bitcoin as their main form of payment. So you may be asking yourself the question ‘ What can I buy with bitcoin ?’ Even big corporations like Microsoft and Virgin Atlantic are now accepting Bitcoin.
Let’s have a look at a couple of things for answering the question ‘what can I buy with bitcoin?’ as well as where you can buy them:
If you head over to overstock.com, you can use your bitcoin to buy laptops, televisions sets, and household appliances. Overstock was one of the first big stores to start accepting bitcoin way back in 2014 and they have added to the list of items you can purchase over the years. If you are holding another cryptocurrency, you can choose it on the checkout page and their system will automatically convert it into Bitcoin before checking out.
What if you want to spend Bitcoin on other major stores that do not accept Bitcoin? Well, there is a simple workaround – buy gift cards. There are some websites that specialize in selling gift cards of major stores and accept Bitcoin. A good example is eGifter. eGifter sales gift cards for JCpenny, Amazon, Sephora, Kohl’s, and Home Depot. What makes eGifter uses Coinbase as their Bitcoin partner so they do not charge exorbitant rates.
Movies, game, and apps
You can now use Bitcoin for purchasing products on the Microsoft website. You deposit your bitcoin into your account then you can use it to pay for your favourite movies, games or apps. However, you can only use the Bitcoin to make purchases in the windows and Xbox stores because Microsoft has not yet integrated Bitcoin into the Microsoft online store.
Anything from a Shopify store
Shopify is arguably the most popular e-commerce platforms for building shopping cart solutions. Its popularity is mainly because they have adopted the drop-shipping model. Drop-shipping is where the entrepreneur sells products to their clients directly from the manufacturer’s warehouse. Shopify recently added Bitcoin as a form of payment. Since there are thousands of Shopify stores each selling something different, you can now buy literally anything with Bitcoin from one of this shopify stores.
As you can see from the list that answers the question ‘what can I buy with bitcoin’, you can now buy almost anything using Bitcoin. In fact, there are over 100,000 merchants worldwide that now accept Bitcoin. As digital currency acceptance continues to grow, you can expect to see even more merchants accepting Bitcoin for payment. This means holders of Bitcoin have a chance of using it for their shopping.