submitted by GTE_IO to u/GTE_IO [link] [comments]
News by Cointelegraph: Jinia Shawdagor
Earlier on, when Bitcoin (BTC) arrived on the scene, most cryptocurrency enthusiasts held on to their coins, as there were only so many places they could be spent. Nowadays, the list of marketplaces and retailers accepting Bitcoin and other cryptocurrencies is significantly larger, providing crypto enthusiasts with more options for making real-world purchases.
After all, with recognizable organizations like Microsoft and Wikipedia now accepting Bitcoin as payment, conversations about Bitcoin and the power of cryptocurrencies are becoming more prominent.
Currently, several fast-food restaurants and coffee shops have started accepting Bitcoin as payment. This will likely provide traction for mass adoption as cryptocurrency payments become increasingly commonplace in day-to-day purchases.
Granted, there are some jurisdictions that do not consider Bitcoin or any other cryptocurrency as legal tender. Despite this set back, even big tech companies like Facebook are coming up with payment systems that mimic cryptocurrencies.
Here are some of the leading retailers, merchants and companies that will let you book flights and hotels, buy coffee or pizza, or even go to space with crypto.
Pay for a burger in Germany with cryptoThe German branch of fast-food restaurant chain Burger King now claims to accept Bitcoin as payment for its online orders and deliveries, but this is not the first time Burger King has warmed up to Bitcoin as a form of payment.
The company, headquartered in Florida in the United States, had its Russian branch announce in 2017 that it would start accepting Bitcoin payments, but it ultimately did not take off. The global fast-food retailer reports an annual revenue of about $20 billion and serves about 11 million customers around the world. If all its outlets move to accept Bitcoin as payment, cryptocurrency adoption would inevitably spread.
Spend crypto at Starbucks and other placesFor crypto payments to gain traction, merchants need to implement systems that enable swift and easy cryptocurrency spending. Starbucks is one of the companies taking advantage of this concept through Flexa, a U.S.-based payment startup that is helping the cafe giant, as well as dozens of other companies, accept cryptocurrency payments.
The company developed an app called Spedn that enables crypto holders to make purchases with merchants like Starbucks. The company’s CEO believes that by making cryptocurrencies spendable in the mainstream, commerce will realize the full benefit of blockchain technology all over the world.
Crypto enthusiasts in Silicon Valley’s Palo Alto might already be familiar with Coupa Cafe for other reasons apart from its coffee and food. Through its partnership with a Facebook software developer, Coupa Cafe has been accepting Bitcoin as payment since 2013.
Reports show that the cafe received a steady stream of Bitcoin revenue as soon as they started implementing crypto payments — a clear sign of how eager its customers were to pay in Bitcoin. Coupa Cafe is among the few physical businesses in Palo Alto that accept Bitcoin at the moment. The cafe owners believe that their collaboration with the Facebook software engineer will create more traction in terms of Bitcoin adoption.
Buy food with cryptoWith over 50,000 takeaway restaurants listed on its United Kingdom-based site, OrderTakeaways is one of the surest ways to get a pizza paid for with crypto delivered to your doorstep. The company has been accepting Bitcoin payments for online takeout orders since 2018. And other similar services include the Korean platform Shuttledelivery as well as German-based service Lieferando and its subsidiaries in several other countries.
Apart from online orders, crypto can also be spent at a regular Subway restaurants. As early as 2013, several Subway branches started accepting Bitcoin as payment. Now, for a fraction of a Bitcoin, a Subway sandwich can be purchased at select restaurants.
Pay with Bitcoin to tour spaceBesides buying food and inexpensive, day-to-day items with crypto, a trip to space can now be bought with Bitcoin. That’s right. Richard Branson’s space tourism company, Virgin Galactic, started accepting Bitcoin as payment as far back as 2013. Although Branson’s predicted date for the first commercial flight has been pushed back several times, the company achieved its first suborbital space flight last year. Perhaps soon, people will be able to tour the moon on crypto’s dime.
Buy jewelry with BitcoinA brick-and-mortar American jewelry company called Reeds Jewelers accepts Bitcoin for both its physical and online stores. What’s more, if a purchase is worth more than $25,000, the company provides free armored delivery for safety. Other jewelry companies accepting Bitcoin include Blue Nile Jewelry, Stephen Silver Fine Jewelry and Coaex Jewelry, to name a few.
A big advantage of purchasing large ticket items — like a diamond — with crypto is that it makes moving around large amounts of money cheap and effortless. Reports show that more Silicon Valley investors are buying jewelry with Bitcoin. Last year, Stephen Silver Fine Jewelry reported a 20% growth in crypto transactions, leading to a boost in the company’s sales. The company has been accepting Bitcoin since 2014.
Send and redeem gift cards with BitcoinGyft, a digital platform that allows users to buy, send and redeem gift cards, was one of the first merchants enabling cryptocurrency adoption to gain traction in the real world. The mobile gift card app allows Bitcoin to be used to purchase gift cards from several retailers, some of which include Burger King, Subway, Amazon and Starbucks. The company has also partnered with popular crypto exchange Coinbase to enable users to buy gift cards from their Coinbase wallets.
Travel and pay in BitcoinIf a traveler only has Bitcoin at their disposal, the following merchants will gladly offer services in exchange for it. TravelbyBit, a flight and hotel booking service, accepts cryptocurrencies like Bitcoin, Binance Coin and Litecoin (LTC) as payment.
With a network of over 300 crypto-friendly merchants, the platform is one of the biggest supporters of crypto adoption. TravelbyBit can also alert you to upcoming blockchain events in order to interact with other crypto enthusiasts from around the globe. Other platforms to book flights with crypto include Destinia, CheapBizClass, CheapAir, AirBaltic, Bitcoin.Travel and ABitSky, among others.
Use crypto to book a five-star hotel in ZurichIf ever one finds themselves traveling to Zurich Switzerland, either BTC or Ether (ETH) can be used to pay for a stay in a five-star hotel in Zurich. In May 2019, five-star hotel and spa Dodler Grand announced that it will start accepting Bitcoin and Ether as payment.
The hotel has partnered with a fintech firm Inacta as well as Bity (a Swiss-based crypto exchange) to facilitate the payment and conversion of crypto to fiat money. The hotel boasts an amazing view of the Swiss landscape among other enticing amenities that come with a five-star hotel.
Pay for electronics and more with cryptoFor all the gadget lovers, there are a bunch of platforms that allow electronic purchases with cryptocurrency. Newegg, for instance, is an electronic retail giant that uses BitPay to process payments made with digital currencies. Even though one cannot get refunds for Bitcoin purchases, Newegg has a good reputation for quality items.
Plus, the company boasts its being among the first merchants to support cryptocurrency adoption. Other platforms for gadget junkies include Eyeboot (a platform that sells crypto mining rigs in exchange for crypto), Microsoft, FastTech and Alza (a U.K.-based online store that sells phones and beauty products).
An ever-expanding listIt seems clear that more retailers are warming up to the idea of accepting cryptocurrencies. There is still a long way to go before full adoption can be achieved, but many companies have nevertheless benefited from being early adopters. Despite the volatile price movements of cryptocurrencies, all evidence points to a future cashless society that uses digital currencies, and crypto is leading the way.
Bitcoin continued to build a pace, albeit for a couple of shady reasons, and with the advent of large-scale bitcoin exchanges such as Mt. Gox, the price began to rapidly increase. The first wave of price increases hit $219 on 10th April 2013, which rapidly fell off. However, continued media coverage, general instability, and then massive increases in price drove bitcoin to a peak of $1145 ... Bitcoin Mining Rigs Struggle for Profits, Despite BTC's Hashrate Reaching an All-Time High . Bitcoin’s hashrate climbed to an all-time high (ATH) this week touching 166 exahash per second (EH/s ... MINING RIG RENTALS vermietet Mining Rigs. MRR besitzt eine große Auswahl an mietbaren Mining Rigs und verfügt über jeden derzeit vorhandenen Mining-Algorithmus. Auch ist es möglich, mehrere Rigs gleichzeitig zu mieten und dabei bis zu 5 Pools zu bestimmen. Das bedeutet: Man kann mit Sicherheit und ruhigem Gewissen davon ausgehen, dass die eigenen Miner stets beschäftigt sind. Darüber ... Cryptocurrency mining is not trendy anymore. Wrong! It still makes a lot of fuss in the blockchain community. As long as the first and the leading cryptocurrency, Bitcoin (BTC), will require mining rigs, cryptocurrency mining will be trending. Building a mining rig in 2020 is much easier than it was, say, two years ago. The top mining rig creators in 2019 include companies like Bitmain, Pangolin, Innosilicon, Ebang, Asicminer, and Canaan. The combined SHA-256 hashrate between BCH and BTC is steadily approaching ... Start mining Bitcoin Cash or Bitcoin today! Supercharge your mining potential. Mine Bitcoin easily on the cloud without having to buy hardware, or plug your own hardware into the world’s highest paying mining pool. Sign up now Log in. Mine Bitcoin. We offer BTC and BCH mining. You can also choose to automatically mine the most profitable coin. Cloud Mining. Start mining immediately with our ... The new mining rig is twice as powerful as the S17 model, which reaches 55 TH/s. Currently, it is hypothetically possible to mine 1 BTC per year with roughly 4 S17 rigs. The newest model also shows how far the Bitcoin network has grown. Just one S19 machine could have replaced all the mining power back in 2013.
[index]          
*update: I've started trading crypto on Binance(http://bit.ly/BiNANCE) and it's amazing! It's opened up a whole new world. Two weeks ago I deposited $1k and ... Bitmain - https://www.bitmain.com Join Binance Exchange Here! https://www.binance.com/?ref=13795076 Join Kucoin Exchange Here! https://www.kucoin.com/#/?r=7c... BX(The Thai baht to Crypto Exchange) is not Trading starting from October 2019 - I recommend this alternative SATANG PRO: for buying crypto in Thailand --- h... Building a budget bitcoin mining rig from an old PC in 2018 is very easy. I managed to build 4 GPU mining rig using old desktop computer and few easily accessible components. The rig operates 2 ... Join Binance Exchange Here! https://www.binance.com/?ref=13795076 Join Kucoin Exchange Here! https://www.kucoin.com/#/?r=7chr68 Mine Bitcoin and other Crypto... Binance cryptocurrency bitcoin NEO Ethereum Litcoin GAS LISK Bytecoin Ark Dash Monero Ripple Dogecoin Ark Verge This is not financial advice. This is my opinion. Do your own research. With any ... 175 dollars invested the program i use for over clocking is Trixx the mining program i was using was bitminter. Should you buy a pre-built btc cryptocurrency mining rig? The answer depends, lets review the Coinmine One and discuss the status of gpu mining in 2019 and t... I mined cryptocurrency full-time for over a year, this is a story of my journey navigating mining cryptocurrency such as Bitcoin, Ethereum, Zcash and many mo... Mining bitcoin using nicehash. Graphic Cards - ZOTAC GeForce GTX 1070 MINI 8GB 256-Bit GDDR5 NOTE: This is not a financial advice. Kindly do your own research before making any investment. All the ...