GirlBoss

What Is Bitcoin And Stores That Accept Bitcoin

Bitcoin is the talk of the town right now, not just the tech industry. For those of you who don’t know what bitcoin is, here’s a little bitcoin wisdom; it’s a new currency created in 2009 but an alias, Satoshi Nakamoto. Bitcoin allows you to make transactions without a bank. Still wondering, “What are bitcoins?” I got you. There is a “bitcoin mining pool” which is where all the hype is. Bitcoin trading is essentially like the stock market. However, while determining how bitcoin works and how to earn bitcoins, I’m going to address the stores that accept bitcoin. Here is your rundown on how to pay with bitcoin and which stores accept bitcoin (I’m no Bitcoin expert but here’s what I think I’ve grasped so far).

Bitcoin: The Electronic Cash System

Bitcoin makes it so you can receive payment within seconds and minimal transaction feeds, i.e., bitcoin is pretty crucial to businesses. Bitcoins get stored in a digital wallet, which is either in the cloud or on a user’s computer; essentially, it’s a virtual bank account that allows you to send or receive bitcoins. Still with me? If not, think of Venmo – same premise but you don’t have to wait days for the transfer to be made.

Owning bitcoins sounds easy, right? In some retrospects they are. Each bitcoin transaction gets recorded in a public log, but the names of the buyers and sellers remains anonymous. So again, think of Venmo. Bitcoin anonymity is like Venmo in the sense your transactions can be hidden from the public. The difference is Bitcoin doesn’t allow the transition between the two participants to see their names – it’s only their wallet IDs. Luckily, more online stores are beginning to accept Bitcoin payment methods for their customers – several people believe it’s the future of PayPal.

Stores that Accept Bitcoin

Expedia

Microsoft

Overstock

eGifter

Subway

Dish

Save the Children

OkCupid

Wikipedia

Peach Airlines

Tesla

Mint

Square

Shopify

Reddit

CheapAir

Whole Foods

PizzaForCoins.com

Domino’s Pizza is registered under this bitcoin company.

See Also

These are just a few of the stores that accept bitcoin as a payment method. It will only be a matter of time before several companies accept bitcoin payment methods in 2018. Keep your eye out for who accepts bitcoins because this is a growing technological company that’s going places. Keep in mind, without the government backing the cash, like the stock market, the value fluctuates rapidly. However, it’s interesting to see major corporations have taken the risk with the bitcoin currency in tact.

What do YOU know about Bitcoin and stores that  accept bitcoin?

Featured Image Source: weheartit.com
leahsoboroff

Hi, I'm Leah, a Los Angelino living in Boston! I'm a grad from Northeastern University with a Bachelors from the College of Arts, Media and Design. I'm obsessed with going on adventures, photography, writing, being a Taurus and finding hidden gem restaurants, musicians and places to travel. I live for tacos and you can't keep me away from a cute farm stand. I also live for Instagram ... oops!

Recent Posts

20 Things No One Tells You About Freshman Year At University of Akron

COLLEGE. One of the best times in your life. Freshman year is a HUGE transition from high school. Your classes…

2 hours ago

50 Life Saving Tips For Freshman At Florida State University

Starting college can be quite intimidating, but not as much when you know what to expect. Here are tips for…

5 hours ago

10 Adorable Gameday Outfits at University of Alabama

When it comes to gameday, there are so many things you can wear! It's a way to express your style,…

10 hours ago

Workout Clothes: How to Pick the Best Fitness Apparel

We all know how important it is to lead an active lifestyle, but if you're like most of us, you…

19 hours ago

20 Things No One Tells You About Freshman Year At Syracuse University

1. No air conditioning. We may be one of the snowiest cities in America, but it doesn’t always feel like…

23 hours ago

What Exactly Happens During Sorority Recruitment At James Madison University

So you're thinking of rushing a sorority at JMU. Beginning your college years at a large school like James Madison University can…

1 day ago