New Age Currency- Cryptocurrencies!
With the birth of Crypto currencies, the long wait for “Virtual Money”, seems over. This digital currency can now exist in an ecosystem that is decentralized unlike fiat currencies.
Despite being decentralized, users can make safe transactions and store their money without having to go to any financial institution. They are limited in number and their value grows exponentially with time. This is why cryptocurrencies’ stored value is so high.
They also use a distributed public blockchain. Blockchain is a record of transactions that their owners have made, and it gets updated as transactions occur. This digital currency uses cryptography to convert legible data into encrypted codes that are difficult to decode. These codes are used to track purchases and transfers.
From the moment the first Cryptocurrency was created, to today, more than 900 cryptocurrencies are available online. Because of their dynamism, there are very few of them. Every day, new ones are born with the same dynamism.
Spending Cryptocurrencies…!! !
You can purchase Cryptocurrencies and make smart investments with them. Can you then buy things using them. It is important to know if they are legal tenders. Are businesses and retailers selling their products or services in Cryptocurrencies to customers?
All such questions are answered with a big YES
Despite initial resistance, Cryptocurrencies have been accepted by large corporations, big businesses, and retailers. You can use them to make online purchases, get discounts, purchase jewelry, and many other things. Let’s see what you can do with Cryptocurrency.
Online Shopping
- Microsoft now accepts Bitcoin as a Cryptocurrency for buying their Apps, Games and Videos via its Windows, Windows Phones, and Xbox platforms. Since December 2014, the global computing giant has been accepting Crypto.
- Since July 2015, Dell, the global computer technology giant, has accepted Cryptocurrencies to purchase their high-end computers. Even a 10% introductory offer was offered.
- Overstock, a retail giant that sells everything from furniture and jewelry to electronics, accepts Cryptocurrencies since January 2014. It was initially accepted for purchases made in the USA, but they now accept purchases from hundreds of countries.
Gift cards
- You can convert virtual money into real currency by turning them into gift cards. Many gift card companies accept cryptocurrency which can be used to purchase at international brands such as Amazon, Walmart and Target.
- Gift Off, a U.K.-based digital gift card retailer allows customers to buy gift cards using more 14 cryptocurrencies. Gift cards can be purchased for over one hundred eighty retailers, including Ryan Air, Marks & Spencer and many more.
Merchants that Accept Cryptocurrency
- Reeds Jewelers – With 64 outlets across the US, Reeds Jewelers is one of the most prominent Jewellery chains. Customers can make purchases in Cryptocurrency at their 64 locations.
- The NBA’s Sacramento Kings accepts Bitcoin to purchase tickets, jerseys, hot dogs, beer, and other products.
- Subway Allentown sells meatball- Mariana sandwiches. In 2013, the Pennsylvania business owner opened his first sandwich shop and accepted digital payments.
- Uber offers “Bitcoin Cabs”, which are available in many countries, including Argentina, Hungary, London, and London.
- Burger King outlets in Arnhem, Netherlands offer a variety of burgers.
Book Air-Tickets-
- Expedia and CheapAir.com allow you to purchase airline tickets online. Customers can do the same with Bitcoin through both these service providers.
- AirBaltic has been accepting Cryptocurrency since 2014 for bookings to Latvia or the Middle East. This was the first airline to do so in the entire world.
Social Work
- Cryptocurrencies are accepted by charitable organizations that work to eliminate poverty and hunger around the world, such as Heifer International.
- Donations via Bitcoin are accepted by organizations such as Autism Speaks, which works for the mental and physical health of children.
These are just some of the services and products you can purchase with Cryptocurrencies. You can even purchase products such as sandals, baby Bibs and meal-planners.
There are many other things you can do with your GDC Coin. GDC Coin and other cryptocurrencies allow you to trade forex, Cryptocurrency trading, or virtual currency trading. You can also be a financial service provider.
There is no need to wait days for anything when you can buy and sell Cryptocurrencies. You can even pay your salary and bills using digital currencies. The transactions will be quicker and banks will have their own Cryptocurrencies.
