Paying with Bitcoin in Stores
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Cryptocurrencies are becoming part of our everyday life. More and more businesses accept them as a means of payment. It's increasingly common to see a Bitcoin logo on shop doors. In El Salvador, Bitcoin is even an official national currency. This article explains how you can pay with cryptocurrencies in stores. |
When
was introduced in 2009, no one could have imagined the success it would achieve. Back then, Bitcoin was still relatively unknown, and people were asking themselves: "What is Bitcoin and how does it work?" Today, Bitcoin and other cryptocurrencies such as Ethereum, Solana, or Ripple are part of our economic system. Once considered primarily a speculative asset, crypto news is now appearing more and more frequently around the world.From international shipping companies to travel agencies and pizza delivery services: more and more businesses enable online shopping where you can already pay with Bitcoin. In cities like Berlin, Amsterdam, or Zug, you'll often encounter "Bitcoin Accepted Here" stickers on cafés or small shops.
Here's a brief guide on how to pay with Bitcoin and other cryptocurrencies:
First, you need a digital wallet for cryptocurrencies, such as the Cryptonow App. There are various providers for Bitcoin wallets, each with different pros and cons. It's best to compare different providers like Metamask Wallet, Exodus Wallet, or the Cryptonow App to find the crypto wallet that suits you best.
Next, find a local business that accepts cryptocurrencies as a means of payment. In Switzerland, there's a growing number of retailers and service providers that accept cryptocurrencies. From the Breitling store in Grenchen to driving schools in Frick and the Chedi in Andermatt. Here you can find a map of shops that accept Bitcoin online. Alternatively, you can use a search engine with terms like "buy with crypto Switzerland."
To pay, transfer Bitcoin from your Bitcoin wallet to the company's wallet. Often, scanning a QR code containing the recipient's address is sufficient.
Now, simply select the cryptocurrency accepted in the shop, enter the amount, send it, and you're done! It's important to consider the current Bitcoin price at the time of purchase. It's advisable to pay with cryptocurrencies like Bitcoin or Ethereum when the price is high. When prices are lower, it's better to buy cryptocurrencies rather than spend them.
The Most Expensive Pizza in the World
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In 2010, Laszlo Hanyecz bought two pizzas with 10,000 Bitcoins when the cryptocurrency was still relatively new and practically worthless. At that time, Bitcoin's future wasn't as promising as it is today. Today, with one Bitcoin worth thousands of dollars, this purchase is considered the most expensive pizza in the world. |
Bitcoin, Ethereum, and other cryptocurrencies can do even more.
They not only have the potential to revolutionize payment processes in stores or online but also offer exciting alternatives in these areas:
International Money Transfers: Many people with family abroad regularly send them money via online bank transfers. Specialized remittance services are often expensive. Some cryptocurrencies, on the other hand, can be sent almost free of charge.
Micropayments: Transferring very small amounts is difficult with traditional methods. With crypto transactions, it’s easy. For example, it’s perfect for paying just a few cents to read a single article (“Pay-per-View”).
The biggest advantage is the direct transaction between buyer and seller – without needing a bank (Peer-to-Peer). This is faster, cheaper, and more efficient. Another advantage is that payments are globally consistent. You don’t have to worry about bank hours, currency exchange rates, or extra fees for international transfers. Finally, cryptocurrency transactions are pseudonymous. That means you can see transactions on the
, but you don’t automatically know who owns the wallets. This is a big plus for anyone who values privacy.Further readings:
- Lieferando: Payment methods (https://www.lieferando.de/en/customerservice/article/what-payment-methods-can-i-use-de?topicSlug=payment-options)
This article does not constitute investment advice or a solicitation to buy or sell digital assets or other financial instruments or to enter into any other financial transaction. The main purpose of this article is to provide general information. No representations or warranties, express or implied, are made regarding the fairness, accuracy, completeness, or correctness of this article or the opinions contained therein. Therefore, it is advisable not to rely on the fairness, accuracy, completeness, or correctness of this article or the opinions contained herein. Some statements in this article may contain forward-looking expectations based on our current views and assumptions. These statements are subject to uncertainties and may lead to actual results, performance, or events differing from the statements made in this article.
The Cryptonow Group and its subsidiaries, as well as any advisory or representative persons, cannot be held liable in any way for this article.
It is important to note that investing in digital assets carries risks as well as potential gains.
