19 April 2024
3 Surprising Things You Can Pay For With Bitcoin
Most people know Bitcoin as something that can be traded among enthusiasts. Some even see it as a potential investment they might make money off of in time. What often isn’t thought of is that Bitcoin can actually be used to buy things.
These don’t have to be other digital assets. You might be surprised by what you can pay for with Bitcoin, with cryptocurrencies becoming more and more popular in various areas. It’s worth diving into some of the more notable of these.
Three stand out, as they could be the most surprising.
What You Can Pay For With Bitcoin: 3 Surprising Picks
1. Insurance
Insurance isn’t normally something people like paying for, despite the fact it’s often a necessity. While most options require credit cards or bank transfers, a growing number of providers accept cryptocurrencies as a form of payment. That could make it much easier - and more secure - to pay for your insurance.
Many of these are small, boutique providers, but a growing number of larger, well-known options are starting to accept it. These span home insurance, life insurance, and multiple other areas. You shouldn’t have a problem finding the insurance you want, and being able to pay for it with Bitcoin.
2. Utilities
Like insurance, utility companies are increasingly open to accepting payments in Bitcoin. While you’ll need to do some research to find the right option for you, it can be more than worth it. Big brands like American Water mightn’t accept it yet, but it might only be a matter of time.
You can even find apps that help you with this. With many of these, you’ll pay the app provider with Bitcoin, and they’ll then pay your utility provider. While this can be a bit of a pain, it’s a decent option until more utility companies accept Bitcoin payments directly.
3. Space Travel Tickets
As mundane as both of the above might seem, what mightn’t be so mundane is space travel. That’s right; you could travel to space if you have enough Bitcoin. Virgin Galactic accepts various cryptocurrencies as payment for their space travel expeditions.
While these naturally come at a cost, they can be more than worth it. It’s a once-in-a-lifetime trip, after all, so it’s well worth considering if you can afford it. If you’d rather go for a normal flight to another country, then you could consider Alternative Airlines, which accepts over 70 cryptocurrencies. Like space travel, it can still be worth considering.
What You Can Pay For With Bitcoin: Wrapping Up
If you don’t know what you can pay for with Bitcoin, you could be surprised by the various options. Not all of these have to be digital assets like NFTs. Many of them are physical objects and services.
While there’s still relatively few of these, more and more options are popping up as time goes on. If you’re a Bitcoin enthusiast, it’s worth being aware of these. You’ll have more ways to use Bitcoin than sim
ply trading it.