If you are looking for an interesting, albeit possibly risky investment, then it’s never a bad idea to investigate the potential that can come with cryptocurrencies. Nonetheless, one of the reasons why people might not be interested in cryptocurrency is that they are not exactly sure where exactly they can spend their money. If you are interested in what you can spend your cryptocurrency on, no matter which one you use, then it is never a bad idea to look into the many options that will be provided for you courtesy of the below guide. Take a look now to learn more.
First, you might be interested in:
The First Ever Bitcoin Purchase
A major day within the Bitcoin community is Bitcoin Pizza Day, which is celebrated on May 22nd. This commemorates the date in 2010 when a man spent 10,000 Bitcoin to buy two pizzas for $41. Not only was this bad value for pizza, but this would be worth over a whopping $200 million in today’s money. Nonetheless, it’s worth bearing in mind that many delivery services still accept cryptocurrencies as payment today.
If you are looking to buy from Amazon, the biggest online retailer in the world, directly, then, despite some hints to the contrary, this isn’t possible just yet and is unlikely to be possible soon. Nonetheless, there is a clever workaround if you want to buy products online with cryptocurrencies. Simply put, you can purchase gift cards with cryptocurrency that can then be used to buy products online.
If you are looking for an entire country for you to be able to purchase almost anything with cryptocurrencies, then it’s worth checking out the possibilities that are involved with visiting El Salvador, which made Bitcoin legal tender in 2021. This means that if you are there, you can use Bitcoin in a variety of different shops.
If you are looking to make sure that your cryptocurrency is going further than anticipated, then it’s never a bad idea to look into alternative investments. One investment that can allow you to make a return on your initial expenditure is by investing in NFTs, digital artworks that can go up in price once you have them. To buy the NFTs first, you might need Ethereum. If you are interested, then you can check out Ethereum current prices over at OKX.
If you are someone who likes playing video games, then you are in good luck, as many gaming retailers do accept cryptocurrency. For example, if you are looking to buy games on the Xbox store, it’s worth bearing in mind that they have been accepting Bitcoin ever since 2014. Nonetheless, if you have a PlayStation, you are not able to buy games directly with cryptocurrencies, but of course, you can buy gift cards with cryptocurrency before converting them into the games that you desire. More gaming companies will likely accept cryptocurrencies in the future as they become more mainstream.