Where Can You Use Cryptocurrencies as A Payment Method?
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Where Can You Use Cryptocurrencies as A Payment Method?

January 27, 2021      Guest Author

Cryptocurrencies have been labelled as the biggest invention in the financial industry in the modern era. They represent a new and futuristic payment method designed to overcome the flaws that the FIAT currencies and current payment methods have.

The network of this new payment method keeps growing and there are millions of people that use them for various purposes. Some use cryptocurrencies to make money, some to purchase things online, etc. Even though cryptocurrencies are still disputed by banks and governments due to the fact that they are user-orientated, you can use them at more places than you would think. With that thought in mind, here are some of the most well-known companies that accept cryptocurrencies as a payment method.

Online Casinos

Online casinos have had a massive surge in popularity in the past couple of years. Millions of people started registering at these sites due to the unique gaming experience that they provide the players with. Casino sites hold numerous advantages over the land-based casinos and that is why players favour them far more these days.

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A certain level of anonymity, top-notch security, and easy access at any time and place are among those advantages. The huge variety of games is also a massive advantage. These sites have hundreds of table, card, slot, and live dealer games. Roulette is one of the most popular and you can play this type of game at sites like casimba.com.

And if you wonder what do online casinos and cryptocurrencies have in common, many of them accept cryptocurrencies such as Bitcoin, Bitcoin Cash, Ethereum, and Litecoin as a payment method. All transactions are instant, which is an advantage for both players and casinos.

Microsoft

Microsoft is a multinational tech company which is mostly known for the creation of the windows software. Other subsidiaries at this company include Xbox as well. Microsoft was among the first global brands to incorporate cryptocurrencies as a payment method. The owner, Bill Gates, stated that he is very fond of the idea of including cryptocurrencies because he thinks that they are a positive addition to the financial sector in the world. At the moment, Microsoft accepts payments made with Bitcoin.

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Expedia

Finally, we have the biggest online travel agency in the world. Expedia can take care of all of your travel arrangements when you plan on going on a vacation. You can book flights, hotels, organize tours, etc. This global brand was also among the first ones to accept cryptocurrencies as a payment method. It is important to notice that the number of services which you can purchase with cryptocurrencies at Expedia is limited.

The Advantages of Cryptocurrencies

As for the question of why so many people have decided to opt-out for cryptocurrencies, the answer is that they have tons of great advantages over other currencies. Cryptocurrencies are user-orientated and highly decentralized, meaning that they are not controlled by banks and governments. By using them, people actually avoid added or hidden fees. General fees are also much lower. Transactions are instant, and users gain a certain level of anonymity when using them. That is due to the fact that they are powered by cryptology, a method which uses codes as communication and hides the information from unwanted parties.

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These advantages make the other methods look obsolete and that is why experts believe that cryptocurrencies will become the official payment method at some point in the future.