Three Real World Uses for Bitcoin

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For the last three years, Bitcoin has experienced some sharp price fluctuations with April seeing an out of the blue bounce over the $5,000 mark.

This has prompted some investors to pronounce that what is called the ‘crypto winter’ which began back in 2017 to be over with some forecasting a rerun of bitcoins 2015 bounce that sent it back above its 2013 high and maybe as good as it was in December 2017 with a value of $19,500.

What is undeniable is that ten years after it was created this decentralized system which enables us to record sequences of transactions continues to do it job, block after black. There is no authority in charge and no one is able to change past transactions nor can anyone or anything shut it down.

The vision of a peer to peer that is able to exchange value around the world is progressively proving itself to be an unstoppable, digital system of global exchange which happily exists and functions outside of the traditional banking systems which in itself is valuable.

As the further adoption of Bitcoin as a viable means of payment is accepted among merchants continues to grow, we are witnessing the Lightning Network (LN) becoming the scalable infrastructure that Bitcoin needs to function as a person to person digital cash.

Lightning apps called Lapps are emerging and their integration with merchants as well as the continued growth of the network is helping the further expand Bitcoins adoption.

Expedia, BCTrip and CheapAir all accept Bitcoin payments for booking flights, hotels and more with BTCTrip explicitly designed to use Bitcoin. Travelers can ever book future space travel tickets on Virgin Galactic’s future travel line using Bitcoin.

Virgins official web page stated

Virgin Galactic is one of the universe’s most exciting, futuristic companies. Bitcoin, the virtual currency, has really captured the imagination recently as one of the world’s most innovative businesses looking to the future, So we think it is about time Virgin Galactic customers can choose to pay with Bitcoins’.

However, it is online where Bitcoin purchases have made their largest footprint so far with major online retailers like Bic Camera and Overstock accepting Bitcoin payments directly. Gift card companies like eGifter and Gyft accept purchases using Bitcoin and can be used at Amazon and other major retailers. Etsy which is the popular vintage and homemade supply platform also accepts Bitcoin directly.

Some sites will accept Bitcoin for in game purchases and players at high-quality online casinos can also fund their accounts using Bitcoin.

Some online casinos transact only in Bitcoins whilst others offer the cryptocurrency as an option and as anonymity remains the biggest advantage for those who complete any transaction and most online casinos offer zero transaction fees as well as unlimited daily transactions. Using New Casinos Finder will help anyone interested in finding an online casino that accepts Bitcoin, taking a lot of the hard work out of having to trawl the internet and try various sites.

Being able to fund personal accounts without giving the site any personal details is obviously appealing in a day and age where identity fraud is a real concern and as payments are almost instantaneous players can begin gaming quickly and in complete safety.

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