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Last updated: August 25, 2019 1:49 AM

After an initial surge of interest among merchants for accepting Bitcoin in their retail or online stores, interest has greatly diminished as the increase in Bitcoin transaction fees and volatile price movements made it less attractive. as a medium of exchange

However, that does not mean that there are no outlets to spend your bitcoin, much less. It’s just that the volumes of bitcoins in these outlets have generally not met expectations, and by the time you read this, some may have discontinued that option.

However, at the time of writing, you can still buy a wide range of goods and services with the cryptocurrency. Among the advantages of doing so are the ease of cross-border transactions and anonymity (unless you want a physical delivery, of course). By accepting Bitcoin, merchants gain access to a wider market and do not have to worry so much about chargebacks (where buyers cancel payment after receiving the product).

If you want to use bitcoin to buy gifts, the most obvious solution is gift cards, through Gyft or eGifter. The recipient can spend the gift card at one of a wide range of retailers.

You can pay bitcoin for flights and hotels, through Expedia, CheapAir and Surf Air. If your ambitions are higher, you can pay for space travel with some of its vast properties, through Virgin Galactic.

Microsoft accepts bitcoin in its app stores, where it can download movies, games and application-based services.

Some musicians (Bjork, Imogen Heep) will allow you to download their music in exchange for cryptocurrencies.

Do you need to furnish your home or buy a special gift for someone? Overstock was one of the first large retailers to start accepting bitcoins in 2014, and its founder, Patrick Byrne, remains one of the most active advocates of technology.

Do you fancy some gold? Sharps Pixley, APMEX and JM Bullion will take away bitcoin in exchange for bullion.

And if you are hungry and live in the USA. In the US, PizzaforCoins will receive a pizza at your home (depending on where you live) in exchange for bitcoin.

If you know you are hungry, several public and private universities, as well as a couple of New York preschoolers, accept bitcoins.

Some legal and accounting firms also accept payments for their services in the cryptocurrency.

Of course, you can always buy some happiness by donating to one of the charities that accept bitcoins or crowdfunding sites, such as BitHope, BitGive or Fidelity Charitable.

For a list of offline stores near you that accept bitcoins, see an aggregator such as SpendBitcoins or CoinMap.

(Note: the specific companies mentioned here are not the only options available, and should not be taken as a recommendation).

Article Source: http://www.coindesk.com