There’s More To Cryptocurrency Than Just Trading
With Bitcoin cracking the $10,000 level again all eyes turn to trading, but there’s far more to crypto than that.
Since the great bull market of late 2017 which brought Bitcoin to its highest point of just shy of $20,000 per coin, more and more people have been jumping into the market with the simple aim of making a profit.
This, in and of itself, is not a problem as the lifeblood of the crypto markets is that of new investors. It does, however, undermine the fact that technology is multifaceted in its functionality. Cryptocurrency is not merely a tool for trading; at its very essence, it is a tool for financial independence. Most cryptocurrencies are designed to be used as you would fiat cash: for purchasing.
The sad truth, however, is that only a fraction of crypto enthusiasts actually go down this road. If the industry wants to further integrate itself further into mainstream finance, then people need to start treating the likes of Bitcoin as money to be spent rather than just a ticker on a chart to be traded. It is possible that a significant reason people choose not to use or accept crypto as an actual currency is that they are under the belief that it’s difficult to do so, or because they think that few outlets actually accept crypto as payment.
This couldn’t be further from the truth. It is actually easier to spend crypto than ever before.
Crypto Payment Gateways
Cryptocurrency payment gateways are the easiest way for merchants to accept coins and tokens. Once set up on an e-commerce site, they let users make purchases via any of the accepted coins on the platform. If sellers want to accept Bitcoin then they can use BitPay, but if they wish to provide users with more options they can use CoinPayments, who allow users to pay via 1000+ different coins and tokens. Both payment gateways offer robust and simple to use tools which give buyers more control over their spending than ever before. It should be noted that these are not new or experimental tools, BitPay has a long history of usage, and CoinPayments is being used by over two million sellers worldwide.
What Can Be Bought With Crypto?
There are more places accepting crypto today than ever before, and this number is growing. You can buy computer parts with Bitcoin via Newegg, furniture via Overstock, gift cards with Gyft, goods on Amazon with BitStore, agricultural goods with 1000ecofarms, and even games with MMOGA.
With so many companies accepting and embracing cryptocurrency as a payment option there is really no excuse to not be spending your crypto. While it is enticing to hold onto every coin under the hopes that it will appreciate in value, if people want the industry as a whole to survive then it needs to be used for its intended purpose: to be an alternative to fiat cash. It is only through this that the crypto markets will continue to thrive well into the future.
