It’s almost unheard of going anywhere and someone not knowing what Bitcoins are. Many people haven’t spent it because they don’t know where to spend it. That’s a thing in the past as mass adoption is slowly coming. More places than ever are accepting cryptocurrencies and with the help of sites like No Fiat, who list stores that accept cryptos are paving the way for this technology to expand. With keeping digital currency, always remember that a hardware wallet is the safest place to keep your Bitcoins.
Apparel is a business that is usually the first to open up online. The reason for this is because you do not need to keep inventory. Just make a design, get the order for it and send it off to a third party apparel printer. They handle everything and send it off to your customer. Many ecommerce stores are selling mugs, shirts, leggings, and hats with different cryptocurrency logos on it. It’s the best way to show your visible support!
Being able to buy food with Bitcoins is one of the hardest ones because not every local restaurant is accepting it. However big chains like Papa Johns are accepting it. It has definitely paid off since Papa John’s was the first to accept 10,000 Bitcoins for 2 pizzas, worth almost $140 million today.
Vaporizers go hand in hand with cryptocurrencies because they both started to come out in the spotlight together. It also helps with a lot of vapers being young and interested in technology. Ecommerce stores like King Pen Vapes and Namaste Technologies have shown to be big believers.
The world of marijuana is growing so fast with the legalization of medical and recreational hitting real hard. However, the banking industry is still not allowing these dispensaries and recreation cannabis store use credit cards or debit cards as payments. This is why different marijuana cryptocurrencies are coming out. Potcoin which is the most popular one has recently seen a surge in price. It can be attributed to California legalization recreational marijuana.
The weapons world is a real vast one. It stretches out across many communities but with recent politics, were seeing a big divide between people into guns and people who want guns to be illegal. With this in mind, there are cryptocurrencies coming out specific for the weapons and many stores are starting to allow cryptocurrencies as payments to purchase weapons.
One of the biggest reasons people have thought about investing into cryptocurrencies is for diversifying into other investments and assets. However, it is becoming increasingly more popular to be able to transfer your crypto assets directly into other assets without transferring it into fiat. This means you can purchase real estate with your cryptocurrencies and continue through the escrow process.
When you see exotic car dealerships start to accept Bitcoin as payments for Mclarens and Lamborghinis, you know were going through mass adoption. Newport Beach Lamborghini has sold a couple cars including a Tesla with Bitcoins. When people’s equity starts going up, they look to spend their money and what better way than to buy an exotic car.
Peter Schiff, one of the most bearish person on Bitcoin has talked down on it many times. The owner of most famous precious gold company has recently started accepting Bitcoins as a payment to buy precious metal.
Travel is a huge industry that was starting to go untapped but has recently been changing. Expedia, one of the biggest online travel sites that help you pick flights and hotels have started accepting Bitcoin.
As we all know, millennials are the next up and coming generation. With that in mind, studies have been done to find out that millennials are definitely the more generous and giving generation. With Bitcoin becoming the payment of our generation, donations are becoming more important.
With Bitcoins price skyrocketing and the altcoins trailing right behind it, 2018 is set to be an explosive year. Not only for prices of these cryptos but the technology behind them. Some have implemented RFiD scanners into their technology while others are creating an auditing/invoicing software to be used with the current financial ecosystem. Big things are definitely set to happen and as we sit back and watch what the future holds, cryptocurrencies are definitely not going anywhere, anytime soon.
Alex has been very deep in the cryptocurrency space for the last 3 years soaking in everything there is to know. With such a new industry popping up, Alex is constantly sharing about the latest news and updates in cryptocurrencies on CoinPupil. To learn more about him and his work, read here.