{"id":3170,"date":"2018-11-27T17:12:10","date_gmt":"2018-11-27T17:12:10","guid":{"rendered":"https:\/\/holytransaction.com\/blog\/?p=3170"},"modified":"2022-02-15T01:13:53","modified_gmt":"2022-02-14T23:13:53","slug":"4-places-where-bitcoin-can-actually-be-used","status":"publish","type":"post","link":"https:\/\/holytransaction.com\/blog\/2018\/11\/4-places-where-bitcoin-can-actually-be-used.html","title":{"rendered":"4 Places Where Bitcoin Can Actually Be Used"},"content":{"rendered":"

\"4<\/p>\n

Bitcoin has transitioned into a stage of its evolution at which it is viewed almost entirely as a commodity<\/a>. We discuss how to store it, compare it to gold<\/a>, consider its long-term value, and generally treat it as a financial asset – even, to some extent, like a stock. This is perfectly appropriate given that the cryptocurrency\u2019s volatility, as well as constantly wavering government positions on regulation, have kept it from being adopted as a widely used currency. The argument is over as to whether it is \u201cmore\u201d currency or \u201cmore\u201d commodity. It is the latter.<\/p>\n

What sets bitcoin apart in some respects though is that it never did have to be one or the other. Consider the comparison to gold again. You may hold a stash of gold as a long-term protection of a chunk of your assets, and with the hope that it will appreciate in value. But you can\u2019t exactly buy something online by chipping off a piece of gold (which in most cases you don\u2019t even hold in a physical sense) and handing it over. This is true of most major investable commodities – but it is not true of bitcoin. As you\u2019re likely aware, there are still places that it can be used like ordinary money, even though it is best viewed as a long-term vehicle.<\/p>\n

For those interested, the following are among the most noteworthy places you can actually use the cryptocurrency for practical purposes.<\/p>\n

1.) Travel Booking Websites<\/strong><\/p>\n

Bitcoin made something of a loud entry into the travel booking business when it was accepted by Expedia and Air. These were among the biggest or at least best known companies to embrace cryptocurrency early on, and even though Expedia has since renounced cryptocurrency, the notion of using bitcoin<\/a> for travel-related costs caught on. Travel platforms accepting bitcoin<\/a> or other cryptocurrencies still include various air travel and hotel booking companies, which means people are free to address what are often some of their biggest expenses in a given year via cryptocurrency.<\/p>\n

2.) Microsoft Gaming<\/strong><\/p>\n

Fairly early on in bitcoin\u2019s expansion to the mainstream, it was attached to video games, not necessarily through Microsoft so much as Steam. An online service that allows people to download a gigantic range of games, Steam was in some ways a perfect vehicle for purely digital transactions. However, the services topped accepting bitcoin due to volatility. In the meantime, Microsoft kept right on accepting cryptocurrency and is now one of the more significant companies doing so. In particular, Xbox-related purchases through Microsoft platforms can be conducted via bitcoin.<\/p>\n

3.) Gaming<\/strong><\/p>\n

gaming is an interesting category, because it is almost like its own separate gaming industry. It\u2019s comprised of and table games, digital slot arcades, roulette, and more, and in some cases a site will also have an included sportsbook. Payment options vary greatly, with some sites requiring credit card information and others using payment processors; in some cases, games are presented for free play<\/a> as well. However, there is now a small but growing list of online sites that do take cryptocurrency deposits, and which also issue crypto payouts. It\u2019s not a stretch to say that in short time bitcoin could be the norm for this particular form of entertainment.<\/p>\n

4.) Shopify<\/strong><\/p>\n

Shopify is a more specific mention here, but feels like one of the more significant areas for bitcoin adoption, simply because it represents a busy, peer-to-peer marketplace. The fact that bitcoin can be used to buy goods via Spotify indicates that in some cases people prefer it when dealing with other people, rather than companies, and opens the door to all kinds of potential crypto marketplaces in the future.<\/p>\n

Open your free digital wallet here<\/a> to store your cryptocurrencies in a safe place.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin has transitioned into a stage of its evolution at which it is viewed almost entirely as a commodity. We discuss how to store it, compare it to gold, consider its long-term value, and generally treat it as a financial asset – even, to some extent, like a stock. This is perfectly appropriate given that […]<\/p>\n","protected":false},"author":6,"featured_media":3174,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,76,77,1452],"tags":[],"yoast_head":"\n4 places where bitcoin can actually be used | Holytransaction Blog<\/title>\n<meta name=\"description\" content=\"where can bitcoin actually be used? there are still places that it can be used like ordinary money, even though it is best viewed as a long-term vehicle.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/holytransaction.com\/blog\/2018\/11\/4-places-where-bitcoin-can-actually-be-used.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"4 Places Where Bitcoin Can Actually Be Used\" \/>\n<meta property=\"og:description\" content=\"where can bitcoin actually be used? 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