Triton Capital Markets - Here's How You Can Practically Use Bitcoin From buying goods via online retailers, bill payments to donations, there are many ways where Bitcoin owners can spend their cryptocurrencies. Since the start of the Covid-19 global pandemic, the value of a single unit of Bitcoin has climbed sharply from below $10,000 to over $53,000, as passionate investors around the world hurry to join in on the cryptocurrency market. Part of the attraction in accepting Bitcoin as a digital asset is due to it being a predictable currency and a hedge against price rises. To be right as a regulated currency, an important question needs to be replied to: can people use Bitcoin to shop for everyday articles?
The answer is certainly yes as many companies have announced new and improved online payment methods to sell their products using various types of cryptocurrency.
PayPal has joined the cryptocurrency market, permitting customers to buy, sell and hold Bitcoin and other digital coins using the US digital payments company’s online wallets. Tesla another giant, which made the headlines by financing $1.5 billion in Bitcoin earlier this month, announced it will begin accepting it as a form of payment for its products soon. However, the company also featured that these cryptocurrency transactions will be “subject to applicable laws and primarily on a limited basis.” Even though many companies don't accept direct Bitcoin payments for now but there are other ways to spend them. Many trade investors buy Bitcoin through companies like Triton Capital Markets. They operate as exchanges, processing trades among buyers and sellers by providing wallets to their clients. Here are a few ways in which people can purchase goods or services via Bitcoin.
E-commerce platforms Bitcoin is finally getting the attention they deserve! After suffering several phases, an increasing number of individual and online merchants now accept Bitcoin as a form of online payment. Video games and bill payments People have also the possibility to purchase video games from their Bitcoin wallets. Microsoft corporation has accepted it as "a payment option to buy applications, games and other digital content from Microsoft Store" Travel and tourism In the most current years, an increasing amount of hotels around the world have started to take Bitcoin in their reservations.
Furthermore, some applications in Apple and Android stores make it possible to buy airline tickets by changing Bitcoin to fiat currency. Many people travel to different countries every day. Many companies went a step forward to make it easier for their users to transact and pay for their travel bookings using bitcoins. Expedia, one of the largest travel booking agencies can now accept bitcoin payments as a form of payment for online hotel bookings you may make over their website. Their payment service provider only accepts currently bitcoins at the moment. Making donations Apart from purchasing services via Bitcoin, the cryptocurrency can also be used for making donations. Wikimedia Foundation which hosts sites like Wikipedia, the world’s main open-source encyclopedia, receives and accepts donations in Bitcoin through BitPay and converts them to US dollars.