With more people getting involved in and investing in cryptocurrencies, a frequently arising question is how to spend the cryptocurrency that is collected. This has led many to be skeptical, as there is a prevailing belief that cryptocurrencies are speculative assets and are not yet ready for everyday spending. Given its current prominence, some companies have started to accept cryptocurrencies as a payment method for their services, as it can also represent a profitable investment for them.
Here are some ways to spend cryptocurrencies, particularly Bitcoin:
**Video Games**
If you are a gamer or enthusiastic about cryptocurrencies, gaming is one way to spend it. Brands like Microsoft have started offering video games that accept Bitcoin as a payment method, and some gaming applications can also be paid for using Bitcoin.
**Food Delivery**
There are restaurants and cafes that accept Bitcoin as payment for food and drinks. All you need is to have a digital wallet and be ready to transfer the amount for the meal. There is even a café in Prague that accepts Bitcoin only.
**Travel**
With travel companies like Expedia and CheapAir, you can quickly pay for hotel bookings or flight tickets using Bitcoin. Some car rental companies also accept cryptocurrency as a payment method.
**Easy Donation**
One of the easiest ways to donate is through Bitcoin, as its value may increase over time and it allows for donor anonymity. If a person owns a charity or runs a nonprofit organization, they can open a wallet to receive cryptocurrencies as one of the accepted donation methods.
On the other hand, there are platforms that enable you to spend Bitcoin directly. Highlights include:
**Overstock**
This retail e-commerce store allows you to use Bitcoin to purchase products and household goods. It uses Coinbase to process payments.
**New Egg**
If you are interested in technology and gadgets, you can pay for all your smart device needs using Bitcoin on the New Egg platform.
**Virgin Atlantic**
Virgin Atlantic aims to make space tourism a reality and has allowed payments for its space flights using Bitcoin.
**Wikipedia**
Wikipedia is a nonprofit organization that operates based on the donations it receives, and it can be donated to using Bitcoin.
**Namecheap**
Domain names are essential for getting a new website, and they can be quite costly. The Namecheap site accepts Bitcoin as payment for a new website or domain name.
**PizzaforCoins**
Food is essential for daily life, so you can convert Bitcoins into hot pizza from PizzaforCoins.
More companies are moving toward accepting Bitcoin as payments, with payment processing platforms similar to Shopify, Square, and Stripe allowing people to integrate a Bitcoin payment model into their businesses or websites.
It’s worth noting that Tesla was one of the first major companies to announce the acceptance of Bitcoin for purchasing its cars, but CEO Elon Musk quickly announced a suspension of payments using the cryptocurrency, linking its resumption to solving the significant energy consumption issues associated with Bitcoin mining.
