6 Surprising Things You Can Buy With Cryptocurrency | Old North State Wealth News
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6 Surprising Things You Can Buy With Cryptocurrency



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Cryptocurrency continues to fascinate many people as a potential investment, but are there ways to actually use it as a medium of exchange?

If you’ve been following the hype and price swings, you might wonder what it’s actually good for. There are some places where you can use cryptocurrency. However, it’s important to note that because of wide price swings, it can be difficult to pin down exactly how many crypto tokens you need to pay in order to complete a transaction.

If you’re interested in using crypto, though, here are some things you can buy with those crypto tokens burning a hole in your digital wallet.

1. Phone service

Excited woman shopping online
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AT&T has been processing online bill pay transactions with BitPay, a crypto-friendly payment processor, since 2019. You’ll need to be signed into your myAT&T account to use this option.

It’s a little harder to pay for phone service with Verizon or T-Mobile, but a company called Bitrefill allows you to buy a number of different gift cards with cryptocurrency and then use those cards to make purchases. This includes paying your cellphone bill at Verizon or getting a T-Mobile card you can use for purchases and service.

2. Sports tickets

Oakland Athletics baseball game
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The Dallas Mavericks made news in 2021 when they became the first sports team to accept cryptocurrency Dogecoin as payment for tickets and merchandise. However, prior to that, the Mavericks had been accepting Bitcoin as payment for a couple of years.

Other sports teams also have a history of accepting cryptocurrency, including the Oakland A’s and the Miami Dolphins, which adopted Litecoin as its official cryptocurrency in 2019.

3. Pizza

pizza pie
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Every year on May 22, crypto enthusiasts celebrate Bitcoin Pizza Day, marking the anniversary of the first known commercial crypto transaction in 2010. A man spent 10,000 bitcoins to purchase two pizzas. Back then, Bitcoin was much less “valuable,” with the transaction amounting to, well, what you’d expect to pay for two pizzas.

Today, you can buy pizza with crypto, but you need to go through third-party apps like Lightning Pizza, which helps you order Domino’s.

4. Travel

Traveler holding boarding passes and passports at the airport
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If you’re hoping to book hotels, all over the world, Travala allows you to pay with a variety of methods, including a number of cryptocurrencies. You can get gift cards as well as book directly.

5. Electronics

Couple with TV
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If you’re looking to order electronics, Newegg accepts more than a dozen cryptocurrencies for transactions paid through BitPay. Accepted crypto includes Bitcoin, Ethereum, Shiba Inu and Dogecoin.

6. Gift cards

Stack of gift cards.
Iryna Tiumentseva / Shutterstock.com

Rather than checking to see if your favorite retailer accepts Bitcoin or another cryptocurrency, you can simply purchase gift cards.

Services like Bitrefill allow you to buy gift cards that can be used at a variety of places. You can also use eGifter to purchase gift cards using Bitcoin.

With this approach, you can buy gift cards for various items, like travel on Delta or Sony PlayStation gift cards that can be used to buy games.

Bonus: PayPal helps you use crypto when checking out online

PayPal app
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If you have a Personal or Premier PayPal account, you can use crypto when you check out online with PayPal. In order to make this work, though, you need to have some cryptocurrency holdings at PayPal.

You can choose to use your Bitcoin, Ethereum, Litecoin or Bitcoin Cash at checkout. At that point, PayPal will convert your available crypto to fiat currency to complete the purchase. If you use PayPal online, this can be a way to use your cryptocurrencies for just about any purchase.

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Copyright © 2024 ONSWM News. Content posted on the Old North State Wealth News page was developed and produced by a third party news aggregation service. Old North State Wealth Management is not affiliated with the news aggregation service. The information presented is believed to be current. It should not be viewed as personalized investment advice. All expressions of opinion reflect the judgment of the authors on the date the articles were published. The information presented is not an offer to buy or sell, or a solicitation of any offer to buy or sell, any of the securities discussed.