Sunday, June 16, 2019

What You Can Do With Bitcoin in 2019

The most popular use of Bitcoin is for trading, but then, there is so much more a cryptocurrency enthusiast can do with it. In the real world, you can buy food, pay for transport, play games online, buy houses, take a trip to space and make several other purchases. Each of these can be attributed to some companies around the world that are accepting Bitcoin and other cryptocurrencies.

Become a Chess.com Member by Paying With Bitcoin

If you’re a lover of the game chess, then you can exchange your Bitcoin for being a member of the platform to compete with other enthusiasts. Although this payment feature was incorporated in the past, it was taken down. According to CEO Erik Allebest, it was discontinued due to the correction in Bitcoin’s price and Coinbase‘s deprecated payment links.

Make Donations on Wikipedia Using Bitcoin

Wikipedia, one of the most popular online resource is accepting Bitcoin and Bitcoin cash for donations. Thus, you can make contributions to charity organizations by donating your cryptocurrency on its page. In January when the BCH option was added, Wikipedia outlined that virtual assets cut away the fees of sending these funds across borders and as such, what is sent to charity is larger in comparison to fiat.

Buy Houses in Turkey, Australia, and California With Bitcoin

When it comes to real estate, companies like Antalya Homes have made provision for homes to be bought in Turkey. The company reportedly sold nine houses in 2018, in exchange for Bitcoin. Likewise, there are some settlements in Australia and California that are being offered for Bitcoin, and these are homes worth thousands of dollars.

Redeem Taxes in Ohio Using Bitcoin

In Ohio, corporate taxes can be paid using Bitcoin, and as such, if you are running a company in the area, you can do so. Overstocks, for instance, in January stated that they would be using Ohiocrypto’s platform to pay their taxes starting from February. Overstocks are also accepting Bitcoin payments, and in 2017, it revealed that the Bitcoin payments it had received during the year have amounted to $5 million.

Pay for Public Rides in Argentina Using Bitcoin

Argentina, a Latin American country as Binance recently stated, has the potential of being at the forefront of blockchain’s adoption. The country has massively adopted Bitcoin, and currently, 260 merchants accept cryptocurrencies. From February this year, SUBE, a card could be funded with Bitcoin to pay for public rides in the country. Bitcoin could even be purchased from 8,000 convenience stores as at 2014.

Buy Food from Portals in Germany, Russia, and Denmark Using Bitcoin

Amongst all these, the most important will be food portals in Germany, Russia, and Denmark which are allowing food to be purchased using Bitcoin. Food is a necessity for humans, and if you can buy it with your Bitcoin, then it can go a long way to make your day. Starbucks is also making plans to accept Bitcoin in exchange for coffee which is remarkable.

Asides these, you can also look forward to Facebook and JPMorgan, a financial institution who have made plans to launch a cryptocurrency product. One way or the other, these reputable companies will accept virtual currencies even if it isn’t Bitcoin. Binance’s CEO, Changpeng Zhao on February 2 also stated that sooner or later, Amazon will also have to launch its cryptocurrency.

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