Saturday, August 20, 2016

Crypto Currencies "Buying Physical Goods with Bitcoin"


Online e-commerce sites


         Global computing giant Microsoft added bitcoin as a payment option for a variety of digital content across its online platforms in December 2014. According to the company’s payments information page, US-based customers can now use bitcoin to add money to their accounts, which can then be used to purchase content like apps, games and videos from its Windows, Windows Phone and Xbox platforms.


Dell, the multinational computer technology specialist, announced in July that it is accepting bitcoin through a partnership with Coin-base. As an introductory offer, people buying with bitcoin will get a price reduction of 10% on high-end Alien-ware PCs. With annual revenue approaching $57b, Dell is roughly four times the size of DISH Network – the previous biggest bitcoin-accepting business.


Overstock became the first major retailer to accept bitcoin when it made the announcement back in January 2014. The firm offers everything from furniture to jewelry to electronics. Prices are in dollars but there is an option to pay in BTC on the checkout page. Initially a US-only offering, the firm opened up bitcoin purchases to over 100 countries in September.


Newegg, also a retail giant, is a Los Angeles-based company that recorded $2.8b in annual revenue in 2013. It specialists in computer hardware and software, but also sells a variety of appliances and goods.


Showroomprive.com took the crown of largest European company to start accepting payment in bitcoin in September 2014. The merchant, which sells a variety of products including clothes, fashion accessories, cosmetics and homeware, is to accept bitcoin via European cryptocurrency company Paymium. At the time of the announcement, its websites in France and the Netherlands were accepting bitcoin, with other countries to follow over coming weeks. It has not yet announced a plan to integrate the digital currency with its mobile app platform.


TigerDirect, the online retailer of computers and consumer electronics now accepts payments in bitcoin. This is handy, perhaps, for miners who can buy kit with coin they have mined.


Monoprix is a major French retail chain that has announced plans to start accepting bitcoin payments on its merchant website this year. The company further indicated that it is also working on a mobile payment solution for physical stores and bitcoin could eventually be used there too.


Bitcoinshop.us offers products from air-conditioners to watches, all priced in bitcoin (and, as of July 14th 2014, lite-coin and doge-coin too), for those wanting to make a purchase. The catch: it only ships to people in the continental US.


Memory Dealers carries a range of networking hardware equipment and computer memory. It has been a 'bitcoin believer' from the beginning.


AirBaltic, the Latvian airline, may be the first to accept payments in bitcoin, after starting accepting the cryptocurrency on 17th July. A company representative said that the bitcoin payment option is offered for basic class fares, excluding China, Indonesia, India, Iceland, Jordan, Japan, Lebanon, Malaysia, Russia, Taiwan and Vietnam. After initially and controversially charging a fee of 5.99 euros per bitcoin transaction, airBaltic changed its mind and now has no fee.


Air Lituanica, another Eastern European airline, is now accepting bitcoin for flight tickets as part of its ongoing bid to embrace new and innovative methods of serving customers.


CheapAir.com, the California-based online travel booking website, started taking bitcoin in November 2013 and announced in July that it has completed more than $1.5m in bitcoin sales on flights, around 200,000 hotels and Amtrak railway bookings via its platform.


BTCTrip is an online flight and hotel booking service that was one of the first in its industry to serve the bitcoin community. As of August 2014, the firm also accepts payments in doge-coin and lite-coin.


The UK’s Theatre Tickets Direct has recently started accepting bitcoin, offering a ticket booking service for mostly London shows, such as West End theatre and musicals.


Honest Brew is a UK-based online beer platform that specialists in craft beers from its own and guest breweries – including quirky labels like Weird Beard, BrewDog and Pressure Drop.


Coco Mats ’n More offers bitcoin-logoed doormats for fans of the cryptocurrency, as well as 'Bitcoin Accepted Here' mats for merchants wanting to advertise the payment option.


Keystone Pet Place will handle all your pet's needs, The Java Nomad will ship you fresh coffee beans from Bali and Persian Shoes will sell you handmade shoes and bags from Iran. Several local, niche merchants accept bitcoin only and will not/cannot accept fiat currency.


The good news is that there are hundreds of small retailers accepting bitcoin too. Water Filter Crocks. Coin-map and UseBitcoins.info keep up-to-date databases of these shopping destinations

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