There are a lot of misconceptions about Bitcoin and its usability in the real world. To the average consumer, a currency that’s completely intangible can seem like a far-fetched concept. But with more and more sectors opening up to the world of cryptocurrency, Bitcoin as a mode of payment is slowly becoming accepted by merchants, too.
You might be thinking: How do I spend bitcoin? What can I buy with it?
In this article, we’ve listed five surprising things you can purchase using the most popular cryptocurrency. Check them out!
A ticket to space
Bitcoin has long been used to purchase flights and hotel reservations through sites like Expedia and CheapAir. But did you know that you can also use it to purchase a ticket to outer space?
Richard Branson’s Virgin Galactic accepts bitcoins as payment for their pioneering flight to space. So if you want an out-of-this-world adventure, you know where to spend those coins.
A wild night in Vegas
A number of establishments in Las Vegas have paved the way for Bitcoin users to enjoy Sin City’s best offerings. For one, there’s a popular gentleman’s club in Vegas called Legends Room that accepts Bitcoin payments for all sorts of things — drinks and lap dances included.
Other establishments accepting Bitcoin include “The D, Las Vegas” and its sister company, “Golden Gate Hotel and Casino”. Both places accept bitcoins for payments made at the front desk, in the restaurants, and even in the gift shops.
There are several other establishments around the world that are starting to directly accept bitcoin, are there any near you?
Okay, going on a crazy adventure in Vegas isn’t everyone’s cup of tea. If you’re looking to spend your bitcoins on something more virtuous, you’ll be pleased to know that you can donate to charity through crypto!
The Blockchain Charity Foundation is an example of a nonprofit that accepts Bitcoin donations. Wikipedia and Wikileaks accommodate crypto donations, too.
If you think about it, using bitcoins to donate to charity actually makes a lot of sense. Doing so leverages the power of blockchain technology to uphold transparency. Through blockchain, donors are able to see which charities end up benefiting from their donations.
A number of universities are now accepting cryptocurrencies as payment for tuition and course fees. Some examples include The King’s College in New York and Lucerne University of Applied Sciences and Arts in Switzerland. Aside from these more “conventional” universities, various online learning platforms also accept bitcoin payments from students who are looking for a digital learning experience.
Pretty much anything
Yup, you read that right. You can now use bitcoins to buy anything you want from any merchant even if they don’t accept cryptocurrency! Well, if you live in the European Economic Area, that is.
This is made possible by the company Lastbit, which banks on the Bitcoin Lightning Network to enable instant bitcoin spending on all purchases via the Lastbit card. The card can be reloaded with Bitcoin through their mobile application and can be used to pay at any credit/debit card point of sale or payment gateway.
Although the platform is currently limited to BItcoin-Euro exchanges, it’s slated to also support Bitcoin-USD conversions soon. And honestly, we can’t wait until that happens!
This also means that we’re moving closer and closer to finally being able to use and spend bitcoin in much the same way we use fiat currency (except for being able to physically hold it, of course).
Instant bitcoin spending used to be impossible. In fact, this is one of the biggest roadblocks preventing the mass-adoption of bitcoin by average people. But thanks to innovations in fintech, it looks like we’re breaking this barrier sooner than later.