By Steve Marks
Bitcoins and other cryptocurrencies have been the talk of the financial town for a while now. Their somewhat volatile nature has left many governments wondering what to make of them. However, trading and use of bitcoins have continued throughout the world, providing individuals with a distinct mode of payment in addition to the possibility of making money.
There are two simple aspects of using bitcoins. On the one hand, you can buy cryptocurrency as an investment. In this case, you merely monitor the rising and falling prices and sell it off when you have made a profit. It is worth mentioning that cryptocurrency is best for investment if you are in for the long game. While prices fluctuate daily, if you are in search of substantial earnings, then the best way to go about it is to buy and forget that you even have a bitcoin a few years.\
The other feature of bitcoins is to use it as a mode of payment. After the initial hiccups, more and more companies and industries are opening up to the benefits of cryptocurrencies. Moreover, bitcoins have reached a level of popularity where it is often a marketing gimmick, like the special edition KFC Canada Bitcoin Bucket, released for a limited time by the fast food company. With an ever-growing number of organizations feeling comfortable about accepting blockchain currency, it is only a matter of time before bitcoins become a preferred mode for high and low transactions.
When Santoshi Nakamoto, the founder of cryptocurrencies, first started dealing, he might have thought that it would take quite a few years before major giants of the industry take note. However, bitcoins got their most significant stamp of approval when Microsoft allowed payments on their app store through cryptocurrency. The purchases are non-refundable and limited to buying music, movies, and app, but it is still a much-needed advancement in making bitcoins more universal in use.
One of the biggest supporters of bitcoin usage has been online casinos. The industry has always been at the forefront of technological advancements, and they take pride in offering their customers a variety of safe and secure payment methods. It is still a little early to understand the impact of blockchain tech on the online casino industry, but so far it has been appreciated by the players. Moreover, casinos are taking no chances, often converting bitcoins into their monetary value upon deposit.
It’s hard to say if the adult entertainment industry got a boost from Playboy announcing that they will accept bitcoins or it’s the other way around. There is a certain level of secrecy that surrounds the buying and use of cryptocurrencies, which works perfectly well with the adult entertainment industry where customers prefer to keep their dealings a little hush-hush.
It can’t get any more elementary than this. Subway, the world-famous sandwich shop, accepts bitcoins at some of their locations. This is precisely what blockchain is all about. Making life uncomplicated and straightforward, and using a mode of payment that breaks the shackles of all the other payment options that presently exist.
Another perfect example of using cryptocurrencies in daily use is Expedia, the travel portal that can help you plan your next vacation. The company has a simple terms and conditions page, explaining the nuances of bitcoin payments. To be honest, these terms are quite similar to any other mode of payment.
So, don’t hold back and if you want to use your bitcoin for a vacation in the Bahamas or to grab a quick bite from the neighborhood sandwich shop, it’s entirely possible. And with the way things are going, soon enough, you won’t even have to think twice about using bitcoins for your everyday purchases.