Cryptocurrencies are becoming increasingly popular. While you might have some issues paying for your meal with Bitcoin a few years back, now it is not such a problem. As it turns out, many restaurants are fine with adapting to the new trends and extending their payment options. Even a big company like Starbucks did not get scared by the volatility of cryptocurrencies and now allows Bitcoins payments.
However, restaurants are not the only places where you can spend your cryptocurrencies. So many brands have recently adapted to using cryptocurrency including retailers, car dealerships, you can even play bitcoin slots in online casinos. The list of crypto-friendly companies is much longer than you might think. Below we will go over where you can use your cryptocurrencies in 2021.
One of the most common ways to use your cryptocurrencies is through online shopping. Some companies already allow you to pay for their goods with your favorite coins and tokens. As you might imagine, Bitcoin is the top choice for online shoppers. Even though its value has been constantly fluctuating in recent years, crypto is still pretty popular among retailers.
This is likely because Bitcoin offers a high level of security and transparency when it comes to payments. This means that there is no third party involved, which guarantees that no one can access your credit card information or personal data while you are making a transaction. Of course, not all online shopping platforms offer cryptocurrency payments yet. However, the number of such websites is growing rapidly, and it is only a matter of time until they get widespread.
It is expected that even more companies will start accepting cryptocurrencies by 2021. This means that you will be able to buy just about anything online if you have some coins on your account. As such, it might be a good idea to get yourself an account on a cryptocurrency exchange and start buying digital assets. That way, you will be able to use them in many different places by 2021.
Another interesting place where you can spend your cryptos is satellite TV. Yes, you read that right. As of 2021, you might be able to pay for your cable TV subscription with cryptocurrencies. That is if you live in the US, Canada, or Europe. The reason behind this is simple: the number of users who would want to pay with cryptocurrencies is slowly increasing, and it seems like there would be enough of them soon. A lot of businesses are starting to see the potential in accepting cryptocurrency payments in exchange for their services.
Restaurants and Cafes
As mentioned above, many restaurants already accept cryptocurrency payments. However, most of them do not have their own crypto tokens or digital assets. Instead, they accept payments in regular currencies, like dollars or euros. So, you can pay with cryptocurrencies at restaurants that accept fiat currencies and you do not have to worry about paying in virtual money. Still, many places do accept cryptocurrencies as a form of payment. For example, even some smaller cafes in Switzerland accept Bitcoin payments as of 2021. So, it won’t be long before you will be able to pay for your coffee with cryptocurrencies as well.
The travel industry has been accepting cryptocurrencies for quite some time now. After all, it would be weird if you had to pay for your flight tickets with cash or credit cards when everything else can be paid with cryptos. Even though regular airlines have not yet introduced crypto payments as of 2021, low-cost carriers are more than happy to welcome you on board if you are ready to pay with your favorite digital assets instead of cash or plastic cards.
In addition to airline tickets, you can also enjoy crypto-friendly hotels and resorts. In fact, more than 70% of hotel owners in the US believe that accepting cryptocurrency payments is a good idea and it is likely that even more hotels will start accepting crypto payments as of 2021. One thing is for sure: if the hotel industry starts accepting cryptocurrency payments, then more and more companies will follow suit. This means that by 2021, traveling around the world will become a lot easier if you have some digital assets on your hands.
Cryptocurrencies are slowly but surely conquering other industries as well. One example is retirement funds. As it turns out, these funds are starting to invest in Bitcoin and other popular digital assets. This means that by 2021 you might be able to buy stocks with your cryptos too and the best part is you will be able to withdraw your money from retirement funds via ATM machines too! How cool is that? It seems like retirement funds are among the first ones who started to explore the possibilities offered by digital assets. If you are interested in investing in cryptocurrencies, then it might make a lot of sense to put some money aside for your retirement too!
Paying for Your Mortgage
By 2021, it seems like paying for your mortgage will also be a thing in the crypto world. Some banks already offer mortgages that are paid in Bitcoin. So, if you have enough cryptocurrencies in your account, then you can easily pay for your house with them. However, there is a catch: you will have to put down a bit more money as a down payment if you want to pay for your house with Bitcoin but if you are looking to buy some real estate, then this might be a good option to go with.
It is clear that the cryptocurrency market is booming and new ways of using digital assets are being introduced every single day. So many brands and industries are embracing cryptocurrency as the new normal. It seems like this type of currency is here to stay and it will not disappear any time soon as it is only going up in value.
If you have invested or are planning to invest in some type of cryptocurrency it might be worth your while to start looking for places where you can spend it in 2021. As you can see from this article, a lot of places have already started accepting it as payment, so it’s not too out there to say that most places will probably be accepting it soon too. You never know if you’ll be able to pay with digital assets at some of your favorite restaurants or cafes in a couple of years!