In the virtual world, we live in today; virtual currencies play an essential role since the inception of Bitcoin. Ever since Bitcoin and cryptocurrencies came to existence, virtual assets have secured a special place in many people’s hearts.
By now, it is common knowledge that Bitcoin is by far the most significant virtual currency. According to recent findings, Bitcoin has an estimated 32 million Bitcoin wallets around the world and around 7 million active BTC users. Developed in 2009 by cryptocurrency guru, Satoshi Nakamoto, Bitcoin is gaining popularity and wide adoption with some parties using Bitcoin to buy expensive goods such as mansions and Lamborghinis. Today, the list of things you can buy using BTC is endless.
What Can You Purchase with Bitcoin Today?
As Bitcoin’s global implementation grows with its global popularity, it is normal for a person to wonder what they can buy using BTC. Well, there are several things you can purchase with bitcoin starting with a Pizza, and ending at literally anything one can imagine.
There is a wide range of products users can use Bitcoin to buy both online and offline ranging from houses, cars, air travel, school fees, clothes, furniture, weddings, and the list goes on and on. Major online retailers such as BitPlaza and Overstock have sprouted up accepting the number one cryptocurrency as a mode of payment in their stores. Some traders on the e-commerce network that deals with domestic and vintage supplies also accept Bitcoin BTC as a mode of payment for their products.
Are you looking to buy the latest electronic gadget, the newest Apple device, or Japan electronic devices made in Japan? You can find and get these products on electronic platforms such as Newegg, AWBStore, and Bic Camera who not only offer superior products to their customers but also accept Bitcoin (BTC).
For online gaming enthusiasts, Microsoft announced sometime back their acceptance of Bitcoin payments in their platform allowing users to purchase HD movies, games, and applications in the Xbox and Windows stores. Other companies that are embracing this new technology and mode of payment include Minecraft server, Bitquest, PRG game platform, and Hammerland who are also taking advantage of Bitcoin’s platform to power their in-game coinage and purchase.
For fun lovers, restaurants, gift stores, and front desks in Las Vegas are today accepting Bitcoins BTC in their operations going an extra mile putting in place BTC ATMs to assist Bitcoin carriers which might have left their digital wallets at home.
There are thousands of small and big businesses around the world who accept BTC payments in the stores. The easiest way to find out what you can purchase with BTC offline is by visiting CoinMap or SpendBitcoins website for more information.
Real Transaction Growth Playing the Determinant Factor in Bitcoin’s Price Run
Going by Kevin Rooke’s recent tweet that stated that Bitcoin records a transaction volume of about 60 billion US dollars every day, so it is evident that the number one crypto is a force to reckon with in the financial sector. Kevin Rooke is a renowned Bitcoin and cryptocurrency pundit and enthusiast.
Bitcoin did over $60 billion of on-chain tx volume last week.
That's over 3x the volume of any week in January 2019. pic.twitter.com/7tyy7OvXsL
— Kevin Rooke (@kerooke) June 4, 2019
According to his comparison between Bitcoin and other significant payment networks in the US, Rooke’s findings were astonishing and eye-opening.
According to the findings, Mastercard, Visa, American Express, and Square settle for about 16.2 billion, 30.3 billion, 3.2 billion, 0.2 billion transaction volumes daily, respectively. Although traditional Visa and Mastercard beat newcomer Bitcoin in the daily transaction volume race, the cryptocurrency beats Square and American Express hands down in the race.
Recently, the daily transaction volume of Bitcoin surged significantly, having a positive impact on Bitcoin’s market value. During its conception, Bitcoin prices were exchanging at 5,000 US dollars per coin with a low number of daily transactions. Today, Bitcoin’s daily transaction volume stands at about 382,000 with a market value of 7,802 US dollars and a market cap of 140 billion US dollars showing its value increase having a direct correlation to its growth in daily transaction.
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.