Top 10 Services You Can Buy With Cryptocurrency

Source: Bit Pay

It’s been a very long time since the cryptocurrency industry was first introduced and honestly the industry has had a wonderful journey so far being able to attract potential investors from all over the world and being successful to make a name for themselves in the world. market. Not only that, as mentioned, the industry has recently seen an increase in its overall growth and popularity, helping it reach greater heights!

That said, I believe a majority of you already know the basics of the industry and I’m sure you’re looking forward to us getting started with what we have with us today but, for some of you you who are new to this all, it is best that we take a brief look at the industry first.

To begin with, cryptocurrencies as the name suggests are nothing but a form of online or virtual currencies which can easily be used for various purposes including buying and selling of goods and services, as well as for the purposes of trade and exchange. on cryptocurrency exchanges available online.

In other words, crypto is a blockchain-based platform that is known for being decentralized to its very core. Being decentralized, the crypto world becomes more than capable of getting out of the overall control and jurisdiction of central authorities and can also operate freely without any unnecessary government interference.

Also when the industry was first introduced there weren’t many currencies to choose from and honestly not many people were looking into it either because people back then were very skeptical about the return on investment they could also expect. that the safety of their money too.

Surely that is no longer the case because today we have currency pools for investors to choose from, with new ones arriving every passing day and tons of new investors joining every hour.


Source: Magazine Inc.

Speaking of many currencies available in the market today, some of the popular ones worth investing in include Bitcoin, Cardano, Baby Doge, Ethereum, Dogecoin, Polkadot and Binance Coin, PancakeSwap as well as EverGrow Coin to name a few. only a few. sure.

On top of that, it is rather interesting to see such rapid growth in the industry over the past couple of years. So let us look at some of the major contributing factors responsible for this huge success including portability, high profit margins, volatility, negligible response time, convinces it offers, intuitive nature as well as ease of use of course.

Being volatile, it is important for you to be aware that it is not always possible to predict price changes and act accordingly as price fluctuations in the crypto market are almost immediate, leaving so no time to plan. Therefore, whenever you deal with forex online, keep in mind that while the industry offers you the opportunity to earn huge profits and make money fast, if not done correctly , you could also suffer considerable losses.

Not only that, according to the chatter among some of the leading experts in the field, it has come to our knowledge that crypto is rapidly advancing towards a complete revolution in the global payment system and from where I stand it seems that has already started to do this as many merchants and businesses have started to accept crypto as an official form of payment from their customers.

Now that you have a brief history about the crypto world, you will be able to have a much better understanding of what we have with us today, the top 10 services you can buy with cryptocurrencies. To find out more, I suggest you read further!

Top 10 Services You Can Buy With Cryptocurrency

Investing Spend Bitcoin

Source: Money

1. Travel reservations:

We all have to agree that people love to travel and that’s probably why several companies have started accepting cryptocurrencies as payment from their customers, including one of the biggest online booking agencies in the world, Expedia as well as CheapAir. com. Speaking of Expedia, it is a platform that is known to allow payments in Bitcoin, especially since 2014. In addition to this, Expedia has partnered with Coinbase in order to set up this new payment method, which s has unquestionably proven to be a success in recent years.

2. Automobiles:

Several car dealerships have started accepting cryptocurrencies as payment, including luxury car dealerships that sell Lamborghinis to much more utilitarian vehicles like Subaru. Not only that, even electric car maker Tesla is known to have become the biggest and newest name to join the list of companies supposedly making it easy for customers to buy cars using cryptocurrencies.

3. Electronics:

As you may already know, many technology companies sell the products and accept cryptocurrencies from their customers, including AT&T, Microsoft as well as Newegg, to name a few of course. Additionally, Microsoft would currently accept Bitcoin in its online stores, but not on its Xbox gaming platform.

4. E-Commerce Products:

Today, many companies and platforms are promoting the use of cryptocurrencies for the purchase of various goods and services, and keeping this in mind, Shopify, a world-class e-commerce platform is known for allowing various merchants to set up their online stores and sell products in a very similar way to what we see on other popular platforms like eBay, Amazon, while their customers can simply pay in the form of virtual currencies.

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Source: Money under 30

5. Expensive jewelry and watches:

Quite a number of luxury goods manufacturers, as well as retailers, have started to accept virtual currencies as a method of payment, for example, online luxury retailer BitDials offers Patek Philippe as well as Rolex as well as several other watches high end in return. for currencies like Bitcoin. Apart from this, many other jewelry stores have successfully partnered with payment processors to facilitate crypto purchases in their stores.

6. Newsletters:

According to reports, many media accept cryptocurrencies for subscriptions and other services. Not only that, among several mainstream outlets, the Chicago Sun-Times is known for becoming the very first major publication to accept digital currency on its platform, all the way back in 2014. The same year , magazine publisher, Time Inc also started accepting crypto for digital subscriptions and in 2019 the magazine publisher formed a new cryptocurrency-based partnership with popular trading platform

7. Insurance:

For the most part, it has been observed that the insurance industry has acted very cautiously in adopting cryptocurrencies. However, things have started to change for good as, while life insurance is still banned, several insurers have started accepting premium payments using cryptocurrency for other products in their portfolio, including including companies like the Swiss insurer AXA as well as Metromile.

8. Restaurants:

As you probably already know, nowadays many fast food restaurants have started accepting cryptocurrency payments from their customers, including global fast food giants, McDonald’s and Domino’s Pizza. Along the same lines, PizzaforCoins has really facilitated crypto payments for some of the major pizza takeaways, while users can order from the wide range of pizzas available on the online menu and pay using crypto. Other food chains that accept crypto as payment include Burger King, Papa Jones, and Subway in different parts of the world of course.

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Source: Binance

9. Real Estate:

We have seen that cryptocurrencies are slowly making their way into real estate transactions in more ways than one! That said, one of the most visible ways cryptocurrencies, especially Bitcoin, appear in real estate is through house listings. Today, a number of sellers as well as agents are using this tactic in order to create more attention and buzz for their properties.

10. Education:

In 2014, the popular King’s College in New York began accepting Bitcoin and other cryptocurrencies for tuition. Since then, many other schools and colleges have started accepting virtual currencies as an official form of payment. However, it should be noted that you are not required to use digital wallets to make payments. Many students and their families simply invest in crypto and then cash out when it’s time to start paying.

Other than that, you can also start investing in crypto after graduation and then use your earnings to pay off any student loans you might have taken out while studying. Not to mention that there are also downsides to this, including the risk that the value of currencies could fall while tuition fees could continue to rise.

By reading so far I hope you must have had a fair overview of the top 10 services you can buy with cryptocurrency and I believe now you will and now you can decide for yourself if you want take advantage of these services or not!

As mentioned at the very beginning, crypto is a very volatile and extremely uncertain market. Thus, you should understand the fact that all cryptocurrencies also carry their own risks and you should only invest if you are prepared to take those risks and bear the losses if necessary.

In conclusion, what do you think of the Top 10 services you can buy with cryptocurrency? Let us know in the comments box below. To learn more about the different cryptocurrencies, check out the other articles we have on our website. Thank you for your time and if you found our content informative, please share it with your investing friends!

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Top 10 Services You Can Buy With Cryptocurrency

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