What can you buy with cryptocurrency?

You are mistaken if you thought that cryptocurrencies were digital and held no value in the real world.

In 2014, the Winklevoss twins converted thousands of bitcoins into cash to fund a $500,000 outer space trip via Virgin Galactic.

Thankfully, they didn’t exhaust their entire bitcoin portfolio. In an interview, Tyler Winklevoss said, “Spend cash, invest in Bitcoin. Cash is trash.”

From Tesla’s electric cars to insurance, there are many ways to use cryptocurrencies instead of fiat currency.

To make purchases using crypto, you need to get a cryptocurrency debit card that is available on major crypto exchanges.

You can even purchase on Amazon with Bitcoin, using a 3rd party service called Purse.

Mastercard announced in 2021 that it was introducing a crypto-based debit card associated with Bitpay.

You could use it with more than 3,000 merchants worldwide.

PayPal also recently declared that its US customers could buy, sell, or hold cryptocurrencies over its platforms.

The adoption of cryptocurrency will further increase once people get accustomed to its functionality, security, and usability.