The Applications of Bitcoin – Everything You Can Purchase With Bitcoin

As Bitcoin has started rising again after the drastic market crash, the investors are trying again to purchase cryptocurrency since they are looking to bag some more profits through this particular cryptocurrency. This is because Bitcoin is expected to cross $100k in the upcoming future while it’s currently valued at approximately $40k – isn’t this a nice profit?

Given the higher valuation, it is important to consider how this Bitcoin can be utilized. Sure, there has been a time when Bitcoin was used for purchasing illegal and off-the-record products, private jets, and yachts in the black market and was associated with shady dealing. However, in this real world, the list of products that can be purchased through cryptocurrency is pretty long. 

This is because a higher number of small businesses in America have now accepted cryptocurrency as a mode of payment, which is why the goods and services that you can buy with Bitcoin tend to grow with each passing day. In fact, this utilization is increasing, even more, when big names like AT&T and Microsoft are jumping in. 

Ranging from non-reversible transactions to anonymity and cross-border transactions, there are various benefits associated with Bitcoin, and these are some common reasons why businesses are accepting Bitcoin as a mode of payment. In addition, various exchanges like Bitcoin Smarter are now allowing users to pay for their products and services through their apps. Here you can visit the Home Page of the Bitcoin Smarter exchange.

So, if you are ready to shop a bit and spend your Bitcoin, we are sharing different products that you can purchase with Bitcoin. 

Cars

Tesla recently made headlines in 2021 when Elon Musk said that the company won’t accept Bitcoin as a payment method, which they were previously doing. However, the used car market is still Bitcoin-friendly and has been the same for quite a long time now. For instance, BitCars is selling luxury and high-end vehicles with the listings priced in Bitcoin (yes, they also sell Tesla). 

In addition to this, the company sells a Lamborghini Huracan for 12.432 Bitcoins, and you can even purchase a Varioperfect 1000 motorhome. On the other hand, if you want regular or less exotic cars, you can get your hands on run-of-the-mill cars with AutoCoinCars.

Real Estate

It is now possible for users to purchase real estate through Bitcoin as well as other cryptocurrencies. It all started back in 2017 when the first property was listed through Bitcoin. In addition, a penthouse in Miami was sold for over $22.5 million through cryptocurrency (this was the biggest amount ever paid for a tangible product in cryptocurrency). 

Having said that, various real estate groups are now offering listings with Bitcoin, including Caliber and Partners, Bithome, and Mercado Libre. In fact, in the United States, WeWork, a well-known real estate company, accepts Bitcoin as a reliable payment method. 

Sporting Events

It is not common to purchase game tickets through Bitcoin and cryptocurrencies in the U.S., but various sports franchises have started paving the way for the adoption. For instance, the National Basketball Association has partnered up with BitPay for accepting cryptocurrencies, including Bitcoin. Even more, these franchises are offering discounted rates on different merchandise when you pay with Bitcoin. 

In fact, before the initiation of the current season, Oakland A’s stated that they sold season tickets of their luxury suits for one Bitcoin. In addition to suites, you can also purchase merchandise and tickets. Also, this technology is being adopted for arena-based events and concerts. 

Artwork

The high-end auction houses now accept cryptocurrency as a mode of payment, especially after the boom of NFTs. For instance, Phillips auction house recently put up Banksy art for $4.1 million in Bitcoin. Similarly, the number of art auction houses accepting Bitcoin as a payment method has started expanding, but the adoption is more evident on the west and east coasts.

Travel

As the travel industry has started opening up after the pandemic, Bitcoin can be utilized for booking hotels and flights. For instance, Travel and CheapAir have partnered up with Booking.com, and the users can now purchase travel tickets and book hotels through Bitcoin as well as other cryptocurrencies. 

The Bottom Line

With digital payments and virtual currencies becoming more popular, Bitcoin has become a common source of making payments in the western world. Similarly, the adoption is expanding, and isn’t this exciting to purchase tangible products from digital money?