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Paying with cryptocurrency

June 27, 2017 No Comments
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It’s been a tumultuous week for bitcoin. After dropping 20 percent in value last week, the digital currency topped $12,000 on Tuesday, reached $15,000 by early on Wednesday and, on Thursday, rocketed above $19,000 before falling and settling around $16,000 in the early afternoon.

Financial experts seem to agree: It’s volatile. CNBC’s Jim Cramer and self-made millionaire Tony Robbins both compared investing in it to gambling in Vegas. Billionaire Mark Cuban said buying the currency would be like “throwing a Hail Mary.”

But if you decide to take that risk and put some money into it, where can you even spend bitcoin?

A lot of places, but not everywhere

Over 100,000 merchants worldwide accept bitcoin. Notable ones include Microsoft and Expedia, as well as the online electronics retailer Newegg.

 Considering that bitcoin is a digital currency, it’s more rare for actual stores to accept it as a payment method. But, as CoinDesk points out, some business are beginning to, such as REEDS Jewelers, which has over 60 retail locations in eastern U.S.

Speaking of Vegas, the Golden Gates Hotel & Casino there accepts bitcoin payments at their hotels and restaurants but not yet for bets on the casino floor.

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Reading time: 1 min
Written by: Dinarcek

Earnings chart

Exchange rates

1 BTC = 106815.5800 USD
1 BTC = 94255.1400 EUR
1 BTC = 1125.96000 LTC
1 BTC = 41.8200000 ETH
1 BTC = 79492.2100 GBP
1 BTC = 165645.3800 AUD
1 BTC = 148437.6300 CAD

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Ethereum rates

1 ETH = 2554.13000 USD
1 ETH = 2254.35000 EUR
1 ETH = 26.9300000 LTC
1 ETH = 0.02393000 BTC
1 ETH = 1902.84000 GBP
1 ETH = 3964.38000 AUD
1 ETH = 3555.29000 CAD

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  • BTCD: € 895.61 1.15%
  • WOLF: € 0.00005163 4.34%
  • SPF: € 0.0008167 -0.46%
  • TDS: € 0.03283 1.15%
  • GTC: € 0.2646 -1.32%
  • LNC: € 0.04281 0.29%
  • IOC: € 0.01225 1.15%
  • ETC: € 16.33 0.04%
  • BTC: € 94,251.4 1.15%
  • XMR: € 320.85 3.53%
  • DASH: € 20.75 -0.37%
  • ZEC: € 36.41 2.12%
  • XRP: € 2.07 -0.36%
  • LTC: € 83.73 0.46%

Dinarcek is a blog about cryptocurrency, especially about Bitcoin. All you need to know about blockchain tech, crypto-trading, mining, and more.

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