Cryptocurrency has broken through a variety of sectors, especially Bitcoin. Surprisingly enough, an average 50% of people are investing or trading in Bitcoin. Another startling trend of cryptocurrency is the fact that people have started using this in day-to-day lives. Some use it to buy and sell products and services! Let’s look at how people use cryptocurrencies, and how you can benefit from it also.
Places That Accept Crypto as Payment
Cryptocurrency is widely accepted at many physical stores. With the introduction of cryptocurrency ATM machines, which are just like traditional ATM machines but dispense cryptocurrency instead of conventional fiat, it has changed the game. If you have some Bitcoin cash, you can easily buy things that you want from various stores, not only online, but offline as well. Some accept only hot wallets, while some shops even accept cold wallets for this purpose.
- Electronic Stores: Electronic stores like Newegg accept Bitcoin Cash, as payment if you buy some gadgets from them. Newegg is an electronics retail giant, and it is believed many more will follow the practice going after one of the market leaders.
- Small Kiosks and Stores: If you happen to visit kiosks or shops to buy something quick, the chances are that 1 in 5 would offer cryptocurrency as a mechanism of payment. After online, this trend is ripping through to the offline market as well. More and more stores are integrating with cryptocurrency so as to not lose out on customers.
- Eating Places: A majority of eating places, like restaurants, coffee shops, and even fine dining establishments, have started to accept cryptocurrency for payment. In fact, the food sector is one of the biggest sectors accepting digital currencies as payment. Even small stand-alone restaurant owners offer cryptocurrency payments. Some owners trade in cryptocurrency and find it a useful way to trade also.
- Travel Companies: Famous travel and moving companies, like the Roadway Moving Company, are also accepting cryptocurrency, as a payment method for their customers. The company had suggested that a lot of their customers are using this facility, much more than what they expected when they launched cryptocurrency as a payment method for their services.
In a Nutshell
After the online surge, cryptocurrency is now moving into offline territory as well. There are many ways to use cryptocurrency in your business, and gain out from it. It seems to be a viable option from both taxation and a customer retention point of view. Many businesses are using cryptocurrency as their marketing strategy to attract buyers, especially the early adopters and teenagers.
Businesses need to be leaders and adopt the latest changes so they don’t fall behind. You are best being a pioneer than a follower, and networking with cryptocurrency might prove to be the next big step you can take to promote your brand.