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Retailers Around The World That Accept Crypto, From Pizza to Travel

Retailers Around The World That Accept Crypto, From Pizza to Travel


News by Cointelegraph: Jinia Shawdagor
Earlier on, when Bitcoin (BTC) arrived on the scene, most cryptocurrency enthusiasts held on to their coins, as there were only so many places they could be spent. Nowadays, the list of marketplaces and retailers accepting Bitcoin and other cryptocurrencies is significantly larger, providing crypto enthusiasts with more options for making real-world purchases.
After all, with recognizable organizations like Microsoft and Wikipedia now accepting Bitcoin as payment, conversations about Bitcoin and the power of cryptocurrencies are becoming more prominent.
Currently, several fast-food restaurants and coffee shops have started accepting Bitcoin as payment. This will likely provide traction for mass adoption as cryptocurrency payments become increasingly commonplace in day-to-day purchases.
Granted, there are some jurisdictions that do not consider Bitcoin or any other cryptocurrency as legal tender. Despite this set back, even big tech companies like Facebook are coming up with payment systems that mimic cryptocurrencies.
Here are some of the leading retailers, merchants and companies that will let you book flights and hotels, buy coffee or pizza, or even go to space with crypto.

Pay for a burger in Germany with crypto

The German branch of fast-food restaurant chain Burger King now claims to accept Bitcoin as payment for its online orders and deliveries, but this is not the first time Burger King has warmed up to Bitcoin as a form of payment.
The company, headquartered in Florida in the United States, had its Russian branch announce in 2017 that it would start accepting Bitcoin payments, but it ultimately did not take off. The global fast-food retailer reports an annual revenue of about $20 billion and serves about 11 million customers around the world. If all its outlets move to accept Bitcoin as payment, cryptocurrency adoption would inevitably spread.

Spend crypto at Starbucks and other places

For crypto payments to gain traction, merchants need to implement systems that enable swift and easy cryptocurrency spending. Starbucks is one of the companies taking advantage of this concept through Flexa, a U.S.-based payment startup that is helping the cafe giant, as well as dozens of other companies, accept cryptocurrency payments.
The company developed an app called Spedn that enables crypto holders to make purchases with merchants like Starbucks. The company’s CEO believes that by making cryptocurrencies spendable in the mainstream, commerce will realize the full benefit of blockchain technology all over the world.
Crypto enthusiasts in Silicon Valley’s Palo Alto might already be familiar with Coupa Cafe for other reasons apart from its coffee and food. Through its partnership with a Facebook software developer, Coupa Cafe has been accepting Bitcoin as payment since 2013.
Reports show that the cafe received a steady stream of Bitcoin revenue as soon as they started implementing crypto payments — a clear sign of how eager its customers were to pay in Bitcoin. Coupa Cafe is among the few physical businesses in Palo Alto that accept Bitcoin at the moment. The cafe owners believe that their collaboration with the Facebook software engineer will create more traction in terms of Bitcoin adoption.

Buy food with crypto

With over 50,000 takeaway restaurants listed on its United Kingdom-based site, OrderTakeaways is one of the surest ways to get a pizza paid for with crypto delivered to your doorstep. The company has been accepting Bitcoin payments for online takeout orders since 2018. And other similar services include the Korean platform Shuttledelivery as well as German-based service Lieferando and its subsidiaries in several other countries.
Apart from online orders, crypto can also be spent at a regular Subway restaurants. As early as 2013, several Subway branches started accepting Bitcoin as payment. Now, for a fraction of a Bitcoin, a Subway sandwich can be purchased at select restaurants.

Pay with Bitcoin to tour space

Besides buying food and inexpensive, day-to-day items with crypto, a trip to space can now be bought with Bitcoin. That’s right. Richard Branson’s space tourism company, Virgin Galactic, started accepting Bitcoin as payment as far back as 2013. Although Branson’s predicted date for the first commercial flight has been pushed back several times, the company achieved its first suborbital space flight last year. Perhaps soon, people will be able to tour the moon on crypto’s dime.

Buy jewelry with Bitcoin

A brick-and-mortar American jewelry company called Reeds Jewelers accepts Bitcoin for both its physical and online stores. What’s more, if a purchase is worth more than $25,000, the company provides free armored delivery for safety. Other jewelry companies accepting Bitcoin include Blue Nile Jewelry, Stephen Silver Fine Jewelry and Coaex Jewelry, to name a few.
A big advantage of purchasing large ticket items — like a diamond — with crypto is that it makes moving around large amounts of money cheap and effortless. Reports show that more Silicon Valley investors are buying jewelry with Bitcoin. Last year, Stephen Silver Fine Jewelry reported a 20% growth in crypto transactions, leading to a boost in the company’s sales. The company has been accepting Bitcoin since 2014.

Send and redeem gift cards with Bitcoin

Gyft, a digital platform that allows users to buy, send and redeem gift cards, was one of the first merchants enabling cryptocurrency adoption to gain traction in the real world. The mobile gift card app allows Bitcoin to be used to purchase gift cards from several retailers, some of which include Burger King, Subway, Amazon and Starbucks. The company has also partnered with popular crypto exchange Coinbase to enable users to buy gift cards from their Coinbase wallets.

Travel and pay in Bitcoin

If a traveler only has Bitcoin at their disposal, the following merchants will gladly offer services in exchange for it. TravelbyBit, a flight and hotel booking service, accepts cryptocurrencies like Bitcoin, Binance Coin and Litecoin (LTC) as payment.
With a network of over 300 crypto-friendly merchants, the platform is one of the biggest supporters of crypto adoption. TravelbyBit can also alert you to upcoming blockchain events in order to interact with other crypto enthusiasts from around the globe. Other platforms to book flights with crypto include Destinia, CheapBizClass, CheapAir, AirBaltic, Bitcoin.Travel and ABitSky, among others.

Use crypto to book a five-star hotel in Zurich

If ever one finds themselves traveling to Zurich Switzerland, either BTC or Ether (ETH) can be used to pay for a stay in a five-star hotel in Zurich. In May 2019, five-star hotel and spa Dodler Grand announced that it will start accepting Bitcoin and Ether as payment.
The hotel has partnered with a fintech firm Inacta as well as Bity (a Swiss-based crypto exchange) to facilitate the payment and conversion of crypto to fiat money. The hotel boasts an amazing view of the Swiss landscape among other enticing amenities that come with a five-star hotel.

Pay for electronics and more with crypto

For all the gadget lovers, there are a bunch of platforms that allow electronic purchases with cryptocurrency. Newegg, for instance, is an electronic retail giant that uses BitPay to process payments made with digital currencies. Even though one cannot get refunds for Bitcoin purchases, Newegg has a good reputation for quality items.
Plus, the company boasts its being among the first merchants to support cryptocurrency adoption. Other platforms for gadget junkies include Eyeboot (a platform that sells crypto mining rigs in exchange for crypto), Microsoft, FastTech and Alza (a U.K.-based online store that sells phones and beauty products).

An ever-expanding list

It seems clear that more retailers are warming up to the idea of accepting cryptocurrencies. There is still a long way to go before full adoption can be achieved, but many companies have nevertheless benefited from being early adopters. Despite the volatile price movements of cryptocurrencies, all evidence points to a future cashless society that uses digital currencies, and crypto is leading the way.
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Why BitCoin will fail – it has no value – don’t be the last one caught with BitFud in your wallet, sell your bitcoin now and invest in a crypto that has real value.

UPDATE 1 - Bitcoin Deleted this article within 10 minutes of being posted, I though bitcoin stood for fighting against censorship? I guess Bitcoin oligarchs think otherwise.

The single greatest reason why the US fiat Dollar is the greatest currency on the planet, is because it is backed by guns. It is backed by lots of gun. The US Dollar is backed by the strongest military in the world, most effective battle hardened Army, largest most powerful navy that opens the world’s water ways for free trade to benefit all the world, and has the strongest Air Force. Like it or not it’s true. You might think that the computing power of Bitcoin as a support for value but it is not. They are known as miners, miners only maintain bitcoin blockchain and that is it. Once the price of bitcoin falls AGAIN miners will shut down and reallocate their capital towards crypto with real value.

Because bitcoin has no value, it makes Bitcoin’s perceived price based off of speculation. Basically, what the next guy is willing to pay for it. If that next guy doesn’t want to buy because they realize that it has zero value, then the price drops. We all understand that it meets the college text book definitions of money, but like all college freshman who worships Che Guevara and Fidel Castro and the Bolivarian socialist utopia, you soon grow up and realize that it is all Fud. The concept of bitcoin reads well and in a text book and could operate as a functioning currency in a utopian society, but once you begin to understand that the only thing propping up the value is the next fool that is willing to pay for it, then the bottom begins to falls out. People will point to other things like gold and say that it is driven by perceived value. While this is true, however, with gold people can actually hold it in their hands and wear it as jewelry ect... Because bitcoin is only driven by speculation and had no value you better sell bitcoin now, because once intelligent money moves away from bitcoin only fools will be left holding Fud.

Smart money will move towards crypto projects that have real value. For example, Enigma, the value of Enigma is basically the value of information. Like Facebook, Google, and all the other tech companies their business model is based off of having information and selling it. Enigma will be the medium of exchange for information and the network will house and process data. If you are looking to invest in the next project like Google who will revolutionize the world, then invest in Enigma now before the price passes bitcoin.

This post is marked Spoiler because some of y'all will now realize that your Bitcoin is valueless.

*I am not your financial advisor and write this as my personal opinion. In full disclosure I recently bought Enigma because this project is a winner and to show how serious I am about investing in this project I actually barrowed money on a credit card through Binance to purchase Enigma. Some might say I am a degenerate speculating on this project and I will rebuttal with that I have meticulously studied the crypto market and this project far exceeds all others and will change the world in the next couple of years.

At the time of writing this article the price of Enigma is $.43, so If you like this article, feel free to throw some crypto this way, my ERC-20 wallet address is: 0x0b8396CbD9199D47216A703EB861af632fC9ad46
submitted by rho300 to u/rho300 [link] [comments]

03-19 00:03 - 'Why BitCoin will fail – it has no value – don’t be the last one caught with BitFud in your wallet, sell your bitcoin now and invest in a crypto that has real value.' (self.Bitcoin) by /u/rho300 removed from /r/Bitcoin within 12-22min

'''
The single greatest reason why the US fiat Dollar is the greatest currency on the planet, is because it is backed by guns. It is backed by lots of gun. The US Dollar is backed by the strongest military in the world, most effective battle hardened Army, largest most powerful navy that opens the world’s water ways for free trade to benefit all the world, and has the strongest Air Force. Like it or not it’s true. You might think that the computing power of Bitcoin as a support for value but it is not. They are known as miners, miners only maintain bitcoin blockchain and that is it. Once the price of bitcoin falls AGAIN miners will shut down and reallocate their capital towards crypto with real value.

Because bitcoin has no value, it makes Bitcoin’s perceived price based off of speculation. Basically, what the next guy is willing to pay for it. If that next guy doesn’t want to buy because they realize that it has zero value, then the price drops. We all understand that it meets the college text book definitions of money, but like all college freshman who worships Che Guevara and Fidel Castro and the Bolivarian socialist utopia, you soon grow up and realize that it is all Fud. The concept of bitcoin reads well and in a text book and could operate as a functioning currency in a utopian society, but once you begin to understand that the only thing propping up the value is the next fool that is willing to pay for it, then the bottom begins to falls out. People will point to other things like gold and say that it is driven by perceived value. While this is true, however, with gold people can actually hold it in their hands and wear it as jewelry ect... Because bitcoin is only driven by speculation and had no value you better sell bitcoin now, because once intelligent money moves away from bitcoin only fools will be left holding Fud.
Smart money will move towards crypto projects that have real value. For example, Enigma, the value of Enigma is basically the value of information. Like Facebook, Google, and all the other tech companies their business model is based off of having information and selling it. Enigma will be the medium of exchange for information and the network will house and process data. If you are looking to invest in the next project like Google who will revolutionize the world, then invest in Enigma now before the price passes bitcoin.

*I am not your financial advisor and write this as my personal opinion. In full disclosure I recently bought Enigma because this project is a winner and to show how serious I am about investing in this project I actually barrowed money on a credit card through Binance to purchase Enigma. Some might say I am a degenerate speculating on this project and I will rebuttal with that I have meticulously studied the crypto market and this project far exceeds all others and will change the world in the next couple of years.

At the time of writing this article the price of Enigma is $.43, so If you like this article, feel free to throw some crypto this way, my ERC-20 wallet address is: 0x0b8396CbD9199D47216A703EB861af632fC9ad46
'''
Why BitCoin will fail – it has no value – don’t be the last one caught with BitFud in your wallet, sell your bitcoin now and invest in a crypto that has real value.
Go1dfish undelete link
unreddit undelete link
Author: rho300
submitted by removalbot to removalbot [link] [comments]

Crypto Valuations 101

There have been a lot of posts going around where people are concerned and worried with the rapid increase and valuation of coins such as ADA (Cardano) and XRP (Ripple) and so on.
I thought it might be good to mention, especially with so many new investors coming into the space, a key distinction between crypto coins/tokens and other investment assess.
-Crypto Currencies and Tokens are NOT stock in a company. They are not a security (generally) and you don't hold a share in the company/team.
There are exceptions and the SEC can determine if a Token is a security based on a variety of factors which I won't go into here, but a quick search will give you all the information you need, here's a quick link:
http://stansberrychurchouse.com/asia-wealth-investment-daily/cryptocurrency-like-stock-sec-rules/
In general, if you find your favorite token on an exchange like Binance, Bittrex, Poloniex, etc. then it has not been classified as a Security
-Coins and Tokens serve as a currency or act as a form of exchange within an ecosystem. They are NOT the intrinsic value of the company. In other words, 34 Billion dollars trading in ADA does not make Cardano a $34B company or project. Just like X Trillion Fiat Currency doesn't make a Country worth X Trillion Fiat.
-You don't own share or stake in a company through crypto coins/tokens any more than you own Alaska Airlines for holding Alaska Airlines Miles.
-Remember that these valuations are in large part "Speculation". People are investing their hard earned Fiat in hopes of gaining more Fiat in the future. And this is where most people have concern and rightfully so, but that IS speculation. No one can say for sure which projects or if any of these crypto currencies and tokens will either change the way the world goes around or flop flat on their crypto faces. Clearly, a lot of Fiat is banking on the former.
But the key to remember here, is that we are all Speculating on the future promise of revolutionary Technologies, Systems and Solutions that these Currencies/Tokens will offer to the vast array of ecosystems (financial, security, data, entertainment, social, etc etc). We are NOT speculating that company X will be worth X Billion in the future.
When you buy gold, do you think "Sweet, now I'm a part owner of the gold company!!" No. You are buying it for a value that is derived through consensus based on supply and demand or you bought it because it serves a purpose such as making beautiful jewelry, conductors in electronics or even treat rheumatoid arthritis.
To finish off by paraphrasing one of my favorite quotes:
We will know Crypto has succeeded when one can ask:
"How much is one Bitcoin worth?"
...and the response is
"uhhhh... one Bitcoin of course!"
~Andreas Antonopoulos
submitted by Oneironaut73 to CryptoCurrency [link] [comments]

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