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).
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.
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.
(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