Bitcoin’s primary role is to provide an alternative transaction currency for businesses and individuals to use and pay autonomously for goods and services.
Its success has inspired a new and rapidly growing global market of consumers willing to pay for various products with Bitcoin.
That has seen Bitcoin gain immense popularity as a means of payment, recognized and accepted by merchants worldwide.
Read more on quantum-ai-trading.com about buying and selling Bitcoin.
Some critics argue Bitcoin is a cryptographic-based currency that only supports tech-oriented transactions.
However, that’s not true because Bitcoin can now pay for a wide range of goods and services far beyond technology.
Several merchants today accept Bitcoin in their online and physical stores. That means you can shop for various goods and services and pay for them in Bitcoin.
Here are some of the things Bitcoin can buy in 2022.
Tech and E-commerce products
Many companies that sell tech products such as games, mobile apps, gift cards, and devices today accept crypto, including Bitcoin, on their websites and physical stores.
For example, Microsoft allows its customers to purchase products from its online store with Bitcoin. Other tech brands that accept Bitcoin include Newegg and AT&T.
Keys4Coins and Joltfun are prime examples of websites where you can buy games with Bitcoin.
E-commerce platforms have also been at the forefront of Bitcoin adoption, allowing consumers to buy a wide range of products, including household items, food, and clothing in Bitcoin.
Overstock was one of the first e-commerce platforms to accept Bitcoin. Other Bitcoin-friendly platforms include Shopify and Rakuten.
Apart from the standard tech and e-commerce products discussed above, you can also now buy different types of cryptocurrencies with Bitcoin.
Multiple subscription service providers also allow their customers to make payments in Bitcoin. For example, Netflix accepts subscription payments in Bitcoin.
However, one must buy a gift card to pay for the subscription in crypto. ExpressVPN also allows its customers to pay for subscription services in Bitcoin.
Daily consumables
Many food brands and outlets, including restaurants, hotels, and supermarkets, have adopted Bitcoin.
You can now pay for daily consumables in Bitcoin, including coffee, burgers, fries, groceries, and even dinner.
Starbucks is among the most popular coffee chains that accept Bitcoin through a partnership with a digital wallet provider. Starbucks, Subway and Burger King are other examples of popular fast-food chains that accept Bitcoin.
Grocery stores like Walmart, Whole Foods, and Kroger also take Bitcoin.
Individuals can also purchase gift cards with Bitcoin to pay for takeout through Uber Eats, Deliveroo, and DoorDash.
Insurance
The insurance industry was hesitant to embrace crypto initially, but things have taken a sudden twist as many service providers rally to adopt it.
Although life insurance is off-limits, many insurance providers have started accepting premiums in Bitcoin for other products in their portfolios.
Swiss insurance company AXA announced in 2021 that they had begun accepting Bitcoin as payment for all their insurance policies except life insurance.
Another insurance agency, Metromile, sells pay-per-mile auto insurance and accepts Bitcoin for its premiums.
Flight tickets
Thanks to Bitcoin’s rapid global adoption, airlines now accept Bitcoin payments for air tickets.
Several websites exist that you can now use to pay for flights using Bitcoin, including AirBaltic, Travala, and AlternativeAirlines.
Some websites will also allow you to buy gift cards for booking accommodations with Bitcoin.
Overall, the list of things one can buy with Bitcoin in 2022 is endless due to its increasing adoption by multiple global economic sectors.
Experts believe people will soon be able to buy just anything with Bitcoin.
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