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More and more places accept cryptocurrency as payment.
Cryptocurrency is a rapidly growing technology with many large companies that now accept it as legitimate payment. Companies like Subway, Virgin, Whole Foods and KFC Canada accept Bitcoin. With small companies that join the change.
A report from the Cambridge Center for Alternative Finance said: "Only 2.9 – 5.8 million people actively use cryptocurrency". With millennials, investing is much more likely. The report also states that men are twice as likely to invest in cryptocurrency compared to women. From this research, companies that target millennials will benefit from the acceptance of cryptographic payments. Most companies will also see massive revenue growth targeting this type of audience.
university
The Paris-based Financial Business School has started accepting payments for courses in Bitcoin and other cryptocurrencies. He says that since the institution implemented the new scheme, about six students have paid their tuition fees in Bitcoin. About 25% of its students are foreigners and many of them have to bear painful and sometimes punitive money transfer costs, which is why he decided to simplify things by accepting encrypted payments.
Travel
Hong Kong-based cryptographic exchange, Binance, announced a $ 2.5 million investment in Australian start-up TravelbyBit. TravelbyBit offers a multi-currency payment platform. While currently supporting payments in Bitcoin, Ethereum and Litecoin, airport visitors will soon be able to also use Binance Coin (BNB) as a payment to TravelbyBit dealers.
Shopping
Buyers in Chile can now purchase cryptocurrency products and services from over 5,000 merchants. Cryptocurrency Exchange Crypto MKT has partnered with the online payment platform Flow.cl, allowing merchants to add this option through the CryptoCompra.com platform.
Shopify, a commercial platform that allows companies to start, grow and manage their businesses, has announced that more than 75,000 merchants on their site can start accepting Bitcoin as payment. Their dealers include clothing stores, jewelers, snowboard companies, home stores and more. Making it a perfect place to start spending your Bitcoins.
Postage
Global delivery platform ParcelABC has announced the integration of the Bitcoinus blockchain payment service to allow its customers to pay for their services with cryptocurrencies. The London-based company is also seeking expansion in Asia and customers who prefer encrypted payment modules.
Artwork
House of Fine Art (HOFA) is claiming to be the first art gallery to sell its entire collection for purchase with cryptocurrencies. The owners say they are part of a move to "revolutionize" the way art is bought and sold. Elio D & # 39; Anna, founder of the Mayfair, London gallery, said at the Evening Standard: "We knew right away that this was a too good opportunity to move in. At the moment, digital currencies are becoming commonplace among a vast range of experienced consumers, providing a simple and inexpensive method for value exchange globally. "
Flights and hotels
You can buy flights and hotels with Bitcoin, through agents such as Expedia, Surf Air and Cheap Air. Expedia is one of the largest online travel booking agencies in the world. Use Coinbase – a third-party Bitcoin payment processor to manage all Bitcoin payments. This way, Expedia does not collect or hold any Bitcoins as it is fully transferred to US dollars by Coinbase.
Gift cards
Not all online and offline stores accept cryptocurrencies. However, eGifter allows people to purchase gift certificates with Bitcoin, so you can use those gift cards in stores. eGifter is a popular site gift card site that allows people to buy gift cards for use in stores like Sephora, Amazon, Kohls and many others. Just like Expedia, eGifter uses Coinbase as a Bitcoin partner.
Museums
The Great Lakes Science Center announced that it will now accept cryptocurrency as a payment. It will use BitPay to process the transactions. "Accepting Bitcoin is only a small part of the momentum to grow a blockchain ecosystem in Cleveland," says Kirsten Ellenbogen, CEO of the Great Lakes Science Center. Visitors will be able to purchase entry tickets using cryptocurrencies and have access to the NASA Glenn Visitor Center.
