Bitcoin’s history is the story of legends. From small beginnings in 2008, many ups and downs-the cryptocurrency is now known as the digital gold. So huge has bitcoin become that it is now more valuable than bitcoin by a distance. Learn all about it in this infographic by PlayCasinoOnline.
In spite of the currency’s growth rate, Satoshi Nakamoto created bitcoin to be a digital currency. Satoshi hoped the cryptocurrency would replace FIAT money and free people from the bondage of centralized monetary systems.
Over the years, coffee shops and e-retailers have embraced Bitcoin as a means of payment. Bitcoin users have been buying software, books, movies, and groceries using the crypto for a while now. This year, businesses that once distanced themselves from bitcoin are accepting it. We have compiled a list of things you can buy with bitcoin you probably didn’t know you could.
Ticket to Space
Richard Branson’s Virgin Galactic has been hunting space tourists since 2013. Interested passengers pay using bitcoin for a trip through space any time from 2018. The air flight company has made several successful tests in the past four years. At least six people have booked for the trip, with the first customer booking the trip in 2013.
For all astronaut wannabes out there, $250,000 payable in bitcoin and three days of training is all Virgin Galactic asks to fly you into space. If you can afford it, the trip will consist of celebrities, astronauts and wealthy entrepreneurs.
Cruise Trip around the World
In February, the Royal Caribbean Mariner ferried hundreds of cruisers from Singapore to Thailand with a stop at Malaysia. The cruisers had one thing in common: they had all paid for the journey using bitcoin. Second, they had convened to host the biggest bitcoin themed cruise ship.
John McAfee of the McAfee antivirus was in attendance together with several other famous guests. Since that trip, the Ark Cruise, the Blockchain Cruise, and Princess Cruises have ferried thousands of bitcoin paying customers. Notably, ‘Roger Ver and Charlie Lee of Litecoin have also made speeches while on the Blockchain Cruise.
If you love cruises and own a few hundreds worth of bitcoin, you don’t have to take the flight. Cruise lines around the world are increasingly accepting crypto payments. The next time you feel like touring the world on cruise conveniently book your ticket using bitcoin.
When your crypto investments rise high enough to buy you a resort, you have plenty of choices. In New York, the Trump hotel accepts bitcoin for condos. For a price of $1.9 million or 25,500 BTC a while back, you could get a piece of the Trump SoHo hotel. The sale is still going on.
Elsewhere in the Bahamas, beachfront resorts are going for as low as 5,000 bitcoins. The most expensive resorts cost well over $5 million. If you love resorts but lack the money to buy one, you can rent a place in California, Mexico, and Austria with bitcoin.
Ever since a Brazilian University began accepting crypto in 2015, a lot of colleges have followed suit. After all, college kids have fallen in love with bitcoin. Last year, hundreds of students made thousands of dollars trading bitcoin. A few dropped out of college to pursue bitcoin trading fulltime, with some becoming millionaires.
The most prominent colleges that accept crypto are US-based King’s College, ESMT Berlin and UL-based University of Cumbria. Swiss-based school of applied sciences and Arts, Lucerne, has also been accepting BTC payments since last September.
A Ferrari, Lambo, Benz or Rolls Royce
So, you love luxury cars? Japanese cryptocurrency exchange bitFlyer and several luxury car sellers have partnered to enable bitcoin payments for high-end cars. The company bitcoin payments for a price of $1 million. But that’s already enough money to buy three Porsches, a few Teslas and a Lamborghini or two.
If you have plans to buy a fleet of luxury cars, American car dealer Post Oak Motor Cars accept crypto for any number of vehicles. Fancy a Bugatti Veyron? The Houston-based dealer will accept your crypto. Another thing, you don’t need to travel to Houston to get the cars. Post Oak has partnered with BitPay, one of the largest bitcoin processors.
Art Work Licenses
In December last year, Artnome launched as a digital marketplace for artwork. The cryptocurrency startup launched with the idea of legitimizing digital artwork. Seeing The Company’s recent success, traditional art galleries have joined the bandwagon.
Ato Gallery, a New York-based businesses earlier in the year sold an artwork estimated to be worth no more than $100,000 for a staggering 150 bitcoins. At the time of the sale, the bitcoins were valued at over $1.5 million. The whole buying process was made after an Instagram post and the buyer chose to remain anonymous.
Shortly after bitcoin payment processors started cropping up, Microsoft, NewEgg, and Overstock.com started accepting crypto payments. Electronics like laptops and smartphones were the first items listed for BTC payments. Today, you can still purchase your favorite PC using bitcoin. And like any other items, you can get coupons or gift cards for bitcoins.
And while bitcoin payments are irreversible, most of the retailers that accept BTC offer warranties for their products. Don’t expect to get bitcoins in return but you can get a new laptop or the equivalent of your BTC in cash.
Wedding event planners are accepting bitcoins these days. So, why not funeral service providers? If you have some BTC and a loved to one to eulogize, find a service provider that accepts bitcoin. At least one such company in Minnesota accepts crypto. But any modern business, including funeral homes, are also accepting the digital currency.
More than 100,000 retailers around the world accept bitcoins. You can buy everyday items like coffee and pizza with the cryptocurrency. But if you have taste for luxury, there is a wealth of products you can buy using BTC as well. From Ferraris to cruising with bitcoin celebrities, don’t hesitate to spend your crypto for the right services.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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Blockchain technology outshines Bitcoin and Gold during global pandemic
As the popularity of cryptocurrencies such as Bitcoin begins to level up with investments made in metals such as Gold, together they have both made significant advantages for investors who have taken a leap to invest in them.
However, thanks to the pandemic and the dynamic shift in investing and the economy, many investors have seen fluctuating losses and gains thanks to the uncertainty of the current business world.
Many investors that backed companies who have exposure to blockchain technology have seen an approximate amount of 54% return on investments over the past year. This is even after considering how hard the global tech market and companies have been hit since the beginning of the pandemic.
What is blockchain technology?
Blockchain technology was first introduced as a supportive technology for Bitcoin. A blockchain is a simple, unchangeable and un-hackable digital ledger that holds transactions in little blocks attached to a chain. The transaction is duplicated and distributed across the entire network of systems on the blockchain, making it available for everyone on the network to see.
Each block in the chain contains various transactions which are recorded on the participant ledger every time a transaction takes place. The database is decentralised and is managed by multiple participants known as Distributed Ledger Technology (DLT).
Although blockchain technology was birthed from Bitcoin and was widely adopted for the use of cryptocurrencies, the way it works and its security has made…
Bitcoin Surges After Tesla Bought $1.5 Billion Worth of BTC
The sudden rise of Bitcoin has been connected to the decision taken by the Tesla electric car company to buy $1.5 billion worth of Bitcoin.
The company explained in a filing with the Securities and Exchange Commission (SEC) that it bought Bitcoin to diversify its cash returns and more flexibility.
Musk’s Tweets also impacted Dogecoin’s price
Tesla also added that it will start accepting Bitcoin payments for all its products, although this will be based on a limited basis and applicable laws. If the company concludes and starts accepting cryptocurrency, it will make it the first major car manufacturer to accept Bitcoin payments. The company’s founder and Chief Executive Officer Elon Musk has developed an interest in Bitcoin and cryptocurrencies.
He has been tweeting severally about the viability of the Dogecoin (DOGE), which doesn’t have an important market value attached to it.
ur welcome pic.twitter.com/e2KF57KLxb
— Elon Musk (@elonmusk) February 4, 2021
Few hours after endorsing Dogecoin, the cryptocurrency rose by an impressive 50%. But regulatory authorities are still concerned about the risks in cryptocurrency investments, with several regulatory bodies warning traders and investors they could lose all their money from crypto investments.
But for Tesla, the company decides to diversify its funds and increased its cash returns. However, Tesla also warned investors about the volatility of Bitcoin’s price in its SEC filing. According to the SEC…
XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.
NFTs are already being actively traded in markets globally. For…