The number of people owning cryptocurrency is regularly growing. Therefore, businesses in most countries of the world are gradually starting to accept payments in crypto for their goods and services. Today this is a relatively small number of companies relative to the entire market of goods and services, but every year more and more business representatives, including Cryptwerk Market, provide their clients with the opportunity to use crypto for payment. Let’s figure out what and where you can buy with cryptocurrency today.
What can you buy with cryptocurrency in the world?
Despite the difficulties and legalities associated with accepting crypto as payment, more and more companies in developed countries are introducing this payment method for their clients. Today, when asked what can be bought with cryptocurrency, it would be fair to answer: “almost anything.” For example, through cryptocurrency exchangers, customers can pay for goods and services from Amazon, one of the largest companies in the world. You can also pay for your order with crypto on Ebay. Digital currencies are accepted by Microsoft, Apple, Google, Nike, Adidas, Uber, Starbucks, Walmart, KFC and many more.
The world is actively developing the issuance of debit cards, with the help of which Bitcoin owners can pay for any goods and services online and offline. Right during the transaction, the crypt from the client’s account is converted into dollars at the current rate, and the business receives payment in fiat currency. Having such a card, a person can buy goods for cryptocurrency in a store or in a company that does not yet work with crypto.
There are a lot of owners of digital currencies and people who are actively interested in the crypto industry. Therefore, the number of businesses working with crypto is gradually increasing. For cryptocurrency you can buy smartphones, laptops, TVs, a variety of electronics and household appliances . Such online stores accept payment through the Binance Pay system.
You can buy a used iPhone and other Apple equipment for Bitcoin in the online store. Miners can buy crypto mining equipment for cryptocurrency in the Asic Trade store. Even clothes and accessories can be paid for with digital currency, where products from popular brands are presented.
Methods of paying for goods and services with cryptocurrency are not always easy for the user; sometimes transactions are carried out through the appropriate services and take a matter of seconds, and sometimes the client has to manually enter data and confirm the operation. Find out What i can buy with crypto by following the link.
Advantages of paying in crypto for businesses and clients
Today, cryptocurrency can be used to buy goods of various categories, from gadgets to real estate. The new, but already gaining popularity, method of payment in digital currencies has many advantages:
- Fast. Transactions on most blockchains, especially new ones, are processed as quickly as possible, with funds flowing from one account to another almost instantly, while banks can transfer fiat currency within a few business days.
- Low commissions. When paying for goods with crypto, the buyer must also pay a commission. The exact amount depends on the cryptocurrency and the size of the transfer, but it is usually lower than the bank fee for transferring funds in fiat currency.
- Safety. When carrying out a transaction, the data of the seller and the user is kept confidential by the system.
- No boundaries. If you have a crypto wallet and access to it, you can pay for goods from any country by transferring funds anywhere in the world.
For businesses, accepting crypto as payment for goods and services helps expand their target audience. Owners of cryptocurrency who want to actively use it not only for investment and trading, among companies working and not working with digital assets, will give preference to the first.