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Cryptocurrencyis no longer just a speculative asset.
Its becoming a popular means of payment.
Also seeseven things to know before buying new cryptocurrencies.
All you have to do is download the BitPay app and follow the steps provided.
The process should take only five minutes, according to BitPay.
Simply transfer your currency directly to the merchant from your digital wallet.
The process is straightforward.
All you have to do is initiate payment and snag the currency youd like to use.
From there, specify the amount, confirm the payment and voila!
Some merchants simplify the process by providing a QR code for crypto payments.
In this case, simply scan the code, specify the amount and confirm the transaction.
This way, you’re able to make transactions without worrying about the merchants preferred means of payment.
Plus, you could spend your crypto anywhere that accepts traditional debit cards.
Another advantage is that you could get rewards, such as cash back, using your crypto credit card.
Some popular gift cards on CoinGates site are Amazon, Apple and Walmart.
Peer-to-Peer Transactions
Do you wish to use crypto when splitting bills with your friends?
Peer-to-peer (P2P) transactions have been made easier by cryptocurrency.
You only need the recipients wallet address to transact with them.
While making P2P transactions using crypto is advantageous, theres a high risk because the transactions are irreversible.
The answer is yes.
Some travel companies, like Travala, allow you to pay for your travels directly using crypto.
you might also buy travel gift cards with crypto.
For example, CoinGate offers Airbnb and Hotels.com gift cards.
Dining and Entertainment
you might also pay for some dining and entertainment purchases with crypto.
If a restaurant accepts crypto payments directly, you’re free to pay them with your crypto.
Alternatively, you might buy a gift card for a restaurant with crypto.
For entertainment, check outAMC Theatres, which allows crypto payments like Ethereum, Bitcoin and Litecoin.
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