Merchants who started accepting Bitcoin
Reviewing the characteristics that money must have and the most important thing is that we saw that cryptocurrencies fulfill each of them. However, we would like to take advantage of this lesson to return more strongly to the first point where we commented that the most important thing for something to be considered money is that people accept it as a means of the other points.
Of course they are important, but they fall a bit into the realm of theory. If what interests us is to realize that Bitcoin at this very moment is serving as money for thousands of transactions between individuals and between individuals and companies.
Also to make it easier for friends, family and acquaintances to get interested in the subject and for them to start using Bitcoin, we have prepared this article in which we will present different organizations and businesses that have accepted Bitcoin for a long time and that are just a sample of some of the most popular names. famous and recognized, but that is not exhaustive, let alone due to every day more and more names are added to the list. Let’s start with non-profit organizations that you can make a contribution to in Bitcoin so that they can continue to do their daily work and thus positively impact the world with our contribution.
The first organization we can comment on is the Wikimedia Foundation, which is responsible for a project that I’m pretty sure we’ve all used at some point or at least heard about. And of course we’re referring to the Wikipedia site, and as we mentioned, it’s sites like Wikipedia that have changed precisely the way most people search and access information. And now it is no longer common to go to the living room of the house to look for the volume of the encyclopedia that contains the subject we want to know more about, in more depth, and start reading an article. We often think about going to a library. The most common thing is to search for the topic on this site, which, by the way, if you use it often, it is likely that you have already found an ad like the following in which we are asked very effusively to make a donation. And is that this site is among the top 10 sites with the most visits in the world, but as they explain. By not charging for its services and by not placing advertising on its pages, it is really the only income, it is the donations that users can make and, therefore, we find ourselves in the case that we mentioned in the previous lessons, in which if we like some online service that doesn’t charge us and we want to contribute to keep it working, we can make a donation, even if it’s small, as micro payments. And now we have to worry that what little we can donate will be diminished by the costs of financial entities that receive money to process the transactions, since we can use Bitcoin and we can even create a recurring donation and so on in a very simple way to support the project that we like so much.
On the other hand, if we intend to support charities and social improvement as well as humanitarian support activities, we can make a donation to United Way Worldwide, which is a non-profit organization with a worldwide reach and which has started to accept donations directly in Bitcoin. So it’s also a way to help using the power we have in our hands and once again, without our intention being diminished by the commissions that financial institutions charge us, for the simple fact of processing our instruction.
Obviously there are more non-profit organizations that accept Bitcoin donations, and the truth is that there is also a large list of product and service brands that already accept Bitcoin. And as we commented, what we are presenting is not exhaustive, but only seeks to sample this type of trading, so now we can comment on the case where we have Bitcoin in our portfolio. And really what we want is to take a break from the hard work we went through to acquire these cryptocurrency units with our money in general.
So we chose to take a trip and the great news is that we can make our reservation through the Expedia website. And once again, when we are ready to pay for this reservation that we have made, we can use the units of Bitcoin that we have in our wallet and they are ready to be spent. You just have to think about it. A trip is often one of the most expensive things you can buy after a house or a car, of course. But precisely because Expedia accepts that we can use Bitcoin, it opens up the possibility of paying for airline tickets. The accommodation that in fact is almost always the biggest expense that we include when traveling and I even issued some other reservations and tours, for example, it can be the rental of a vehicle, our destination and as we said, some expedition on some tour and other extras in the place where they travel.
If we prefer to buy something physical instead of a trip, what we can do is go to one of the websites with the widest range of products we can think of and pay directly with bitcoins. Of course, we are referring to Overstock.com, a site where not only can we purchase a wide variety of products, from jewelry to electronics or home products such as quilts, pillows, etc., but also, in general, we will find them with a great discount thanks to the large volume of the site and the same concept with which it was created, as it allows you to offer products at very attractive prices. This site allows purchases and shipments to any part of the world and in fact it was announced with a big event that started to accept this currency as a means of payment. So now the difficult thing is to decide what we want to buy, because the offer is so great that once we have decided and we know what we want, it is almost certain that we can find it on this site. And then we are ready to buy any of the products from the wide range offered by Overstock.com using the bitcoins we have in our wallet. But if for now we don’t want or can’t travel and don’t want to buy something mundane like new quilts for a main room and more, we need to focus on work. Therefore, it is very likely that acquiring a computer is something that we will have to do sooner or later. And for that, we must mention one of the most important news for Bitcoin in recent times and it is the fact that a name as famous as a brand as important as it has started to accept Bitcoin. And we know that directly on this giant’s website you can go and order the purchase of a computer model that has already been listed on the website, or rather configure our own laptop according to the needs we have. For example, maybe with higher capacities, with more RAM or a more powerful CPU or of course a better graphics card. But precisely the advantage is that we can enter the mining process, even with this type of more sophisticated equipment, and thus have a better chance of getting the reward of the process in the form of currency units that we are mining. It may be more that we just want a new computer to watch the online series we love so much or any other goal we crave. But the fact is that for some time now we have been able to go to the website of this industry giant, place our order, and once again, when the time comes to settle our order, we can pay with Bitcoin, just as the biggest names in all industries join establishments that accept Bitcoin. And of course, the more users there are of cryptocurrencies, the greater the incentive for organizations that have not yet done so will generally have to accept this new form of money as a means of payment, which in turn will further drive acceptance of Bitcoin. And, of course, this will eventually result in the appreciation of the currency units you have in your wallet.
This is the moment. In fact, this is the reason why many people prefer to enter the world of Bitcoin by taking it as an investment, i.e. buying units of the cryptocurrency and hoping that more and more people will use it and that more companies will accept it, which will inevitably result. in an increase in its value. And when that happens, these investors will be able to do two things, one can go to the exchange they trust and give the instruction to exchange their Bitcoin units for local currency at market price, which is their task, a big profit. , as he acquired his Bitcoin at a low price. He waited until it increased in value and sold them, making that important profit.
Although really, the other way to enjoy the rewards of your investment would be to simply take advantage of the increase in the value of your bitcoins and use them to buy maybe twice as many trips directly on Expedia or twice as many PCs on Dell or whatever. of those companies that start accepting Bitcoin every day.
The important thing at this point, as we mentioned, is not that we had a list of all the places where we could spend our bitcoins, as we also need to mention something that is also happening more and more, but it totally depends on the country, the region where we are. And it is the fact that small stores such as cafes, boutiques, restaurants and even flower shops have started to accept Bitcoin as a means of payment. What is really important is that we realized that if at this point you are still not using Bitcoin, it is clear that it is still a great time to start doing so and still be one of those that many consider.
Originally published at https://www.reddit.com.
