Things You Can Do with Cryptocurrency
But today, the impact of blockchain is far-reaching. We can do much more with the currency, such as paying for services. Some people even use it as a store of wealth.
How To Buy Things with Cryptocurrency
The best way to buy things with crypto is by getting a debit card. The card supports cryptocurrencies like Bitcoin, Ethereum, and Litecoin. The best crypto cards also charge low fees and offer cash-back rewards as incentives.
You can preload this card with any digital currency of your choice. After loading, you can pay for products with cryptocurrency. Some crypto card companies team up with payment processing firms like Visa and Mastercard to ensure that your transactions are seamless.
Crypto debit cards are very popular in countries like New Zealand. Due to their convenience, security features, and instant payment, crypto cards are widely accepted in the country. Many New Zealanders use these cards to pay for goods like cars, luxury watches, consumer staples, and tech products.
Crypto cards are also convenient means of buying in-app purchases on websites and video games. They are also used for funding online casino accounts. Many NZ online casinos allow cryptocurrency deposits.
So, to find top crypto casinos to play at, comparison sites should be your first port of call. These platforms compare all the available payment methods, including crypto, and even recommend casinos with a $1 minimum deposit. Also, you’ll find unbiased reviews on each operator and information on the latest bonuses available.
What Can You Do with Crypto?
1. Buy Cars
Today, crypto is a means of payment for many car dealers. Supercars like Lamborghinis and McClaren are famous for accepting cryptocurrency.
Tesla is another famous brand that has joined the list. Elon Musk, the CEO of the electric car brand, stated in different Twitter posts that he is a crypto enthusiast.
He has reiterated his support for Bitcoin several times. In 2021, Musk stated via a tweet that Tesla would join the list of car manufacturers accepting crypto.
2. Play Online Games
The online gaming industry is another sector that has keyed into the use of cryptocurrency. Players can now buy in-app purchases such as custom characters, extra lives, and coins with crypto.
Some of these online games do in-app adverts in the form of rewards ads, which give players free crypto. All you have to do to earn such a freebie is complete specific tasks, fill out surveys or watch video ads.
However, you can only use the freebie in the game; you cannot withdraw it. That’s why some players go crypto betting. They play games in online casinos using cryptocurrency, which enables them to withdraw their winnings in crypto.
3. Buy Tech Products
Companies like Microsoft, AT & T, and Newegg now accept cryptocurrency on their sites. Microsoft allows digital currency for payment on its online store. You can use it to buy Xbox videos, Xbox Music, Xbox games, PC applications, and Windows phone apps. AT & T also accept crypto payment via BitPay.
4. Buy E-commerce Products
In 2014, Overstock became one of the first e-commerce sites to support cryptocurrency. Other sites like Rakuten and Shopify later signified their interest in digital currency.
However, digital currency is not fully operational in the e-commerce industry. Big retail sites like eBay and Amazon do not accept crypto. In an interview with The Street, Jamie Ianonne, eBay’s CEO, said that the site does not currently accept cryptocurrency.
Nonetheless, he indicated that eBay might accept crypto payments soon because it constantly evaluates new payment forms. The site already accepts NFTs (non-fungible tokens).
5. Buy Expensive Watches and Jewelry
Many luxury goods retailers and makers have begun accepting crypto as a payment method. BitDials, one of the famous luxury retailers, offers Philippe Patek, Rolex, and several high-end watches in exchange for crypto.
Frank Muller, a luxury watchmaker, even made a diamond and gold-encrusted watch, which contains a QR code from the Bitcoin genesis block.