For those who have bought or earned their first supply of bitcoins, no matter how large or how small, the first question that often goes through people’s minds is: what can I do with them? The Bitcoin community focuses heavily on the various ways that users can mine, buy, sell, or invest their bitcoins, and it is easy to forget that one of the key purposes of any kind of currency is, ultimately, to be able to spend it. However, Bitcoin does have a substantial underlying economy with a growing number of merchants participating; BitPay alone has over four thousand merchants using their payment processing system, and many more use competing services or manage their own sales platforms.
A long, but even still only partial, list can be found on the Trade section of the Bitcoin wiki, featuring businesses offering all kinds of products. Particularly interesting are the low-end offerings; one of the advantages of Bitcoin is that it makes it much easier than almost any other consumer e-commerceLog In E-mail Address Password Forgot Password? New to Spend Bitcoins? JoinLast updated: 17th February 2015 This year has been something of a watershed, with a number of merchants – some of them retail giants with billions of dollars in revenue – deciding to accept bitcoin in exchange for goods and services. Many of them are online e-commerce sites, but an increasing number of bricks-and-mortar stores are also now accepting cryptocurrency. While in the past trying to find a bitcoin-accepting merchant for the item you want was often tricky or even impossible, there are now growing options for people who don t wish to pick their way through hundreds of listings just to find products vaguely approximating those they want. The best way to find bitcoin-accepting merchants is via marketplaces and aggregator sites that gather large numbers of supporting establishments together at once. CoinMap.org also offers a visual way to locate bitcoin stores in any geographical area, and new businesses are appearing all the time. However, CoinDesk has summed up some of the moreI m a staff writer at Forbes, where until recently I chased the super-rich for our Forbes 400 and World s Billionaires lists. Now I m covering the consumer economy, writing about the big personalities reinventing retail. Before Forbes, I worked as a news reporter in the UK and my home country of Bermuda, a travel writer for Frommer s and an intern for CNN s Anderson Cooper while completing a master s degree at Columbia University.
Got a story idea? Email me at [email protected] Two of the country’s biggest names in e-commerce, Overstock.com and TigerDirect.com, earned themselves some press (and perhaps goodwill from the tech crowd) with their recent decisions to start accepting Bitcoin as payment. Now, though, users of the controversial peer-to-peer digital system can spend their cryptocurrency in brick and mortar stores including Home Depot, CVS, Kmart and Sears as well as online at web retail granddaddy Amazon.com. eGifter.com allows shoppers to pay for any of their 150+ digitalLast week, bitcoin payment processor BitPay announced a deal with Gyft, a seven-month-old Google Ventures-backed software app that lets users buy and upload retail gift cards to Android-based smartphones. The partnership will allow customers to use bitcoins to buy gift cards for stores such as Gap (GPS), Lowe s (LOW), Sephora, GameStop (GME), Burger King (BKW) and over 200 other retailers. While those stores won t handle the bitcoin transactions themselves -- that s done by Gyft and BitPay -- it brings the number of locations where customers can effectively pay with bitcoins from around 8,000 nationwide to over 50,000, according to BitPay co-founder and CEO Tony Gallippi. This really does open the door to retail use of Bitcoin, said Gallippi. I think it will drive adoption. There s no doubt that four-year-old cyber currency Bitcoin is attracting more mainstream attention. For evidence of that, just look at Bitcoin s soaring -- and volatile -- valuation. The worth of 1 bitcoin zoomedLog In E-mail Address Password Forgot Password? New to Spend Bitcoins? JoinBitcoins burning a hole in your wallet? We can help. On Wednesday we announced that over 75,000 Shopify merchants can now start accepting Bitcoin as a form of payment on their stores. Well, it’s safe to say people are excited. In two short days we already have hundreds of stores accepting Bitcoin. Here are some great places to spend your Bitcoins this Black Friday: Enclave Eyewear Sprayable Energy The Jerky Spot Quadlock Mother Hemp Ortega Cigars Chivaz Girl Meets Dress Pyramid Valley Vineyards DeStudio Rack Your Board Ethical Bean Coffee Real Watches Alternative Intelligence The Hong Kong Tea Company B.G. Reynolds Bar Store World A.B.S. Herbal Infusion Tea Co Rift Recon Single Speed Briana Diamond Earth LED Twelve Gauge Records Benola Spokester Wigme Project Grey This Is Just to Say Fairtime Market Crate Boss Draft Kits Art Pieces of Mark Bern Fruit My Cube L Armoire Chic Prinnnt Cali Burrito Rand Paul Swag Turtle Square Homestead Privacy Gift Shop Double Tap De Wine Spot CraftsquatchFrom travelling to Lithuania to eating out in Berlin, here s a quick roundup of some of the things you can do with the dark-web currency Want to pay your rent with Bitcoin? Not a problem. You just have to be happy to move somewhere you have never wanted to live, or even heard of. The holiday resort of Druskininkai in Lithuania, for example, where for €10 a night you can rent a room in a 10-bedroom apartment just a short walk from the aqua park. With regular access to water slides, you ll soon forget the fact you re crying yourself to sleep from the loneliness of linguistic isolation. Other options include: a log cabin in Glaciers Reach, Canada; apartments in Rio de Janeiro and Dubrovnik; and a boutique tour of Vietnam . Health and happiness Here s the great news: you can already pay your dentist using Bitcoin. The Penny Meadow Dental Practice in Ashton under Lyne has gone digital. They even have 41 likes on Facebook. If your teeth are fine but you ve been hitting the booze too hard, a.