Robert Steinadler, a year ago
Bitcoin is digital gold. This is maybe the most discussed thesis in the last two years throughout the media when you are diving deeper into the world’s biggest cryptocurrency. Many analysts and investors are looking for hard money because they fear inflation. But Bitcoin was created to be a monetary network, and therefore it is digital cash and can be used for payments.
While Bitcoin is not accepted in many day-to-day transactions, the number of online shops and businesses accepting BTC is growing more than ever. It remains open if a life without Euros or cash is possible. Only a few Bitcoiners opted for the ultimate step, only spending and accepting Bitcoin. But you don’t have to go this far.
ShopinBit is an online store focused on accepting cryptocurrencies. The headquarter is located in Berlin. Not only are they accepting Bitcoin and a couple of other cryptos, but they also deliver anything on demand. If you desire something not in store, they offer a concierge service to acquire the item exclusively for you. With ShopinBit, you don’t have to opt for cash ever again. Seriously, they even sell bread.
As you may know, Shopify is not an online store but a service provider for companies running a store. In May 2020, Shopify implemented crypto as an option. Merchants have the choice to accept Bitcoin through Coinbase Commerce, Bitpay or Coinpayments. That being said, they might opt to accept other cryptocurrencies, too.
There are 1 million stores worldwide that are based on Shopify. We cannot possibly find and list them all here. But, if you’re looking for stores that accept Bitcoin as payment, you might want to start at Shopify-based online stores.
Expedia is also accepting BTC. Bitcoin is opening the world to you since Expedia will allow you to travel to distant places. A fun trip to the beach or sightseeing in one of the world’s most stunning cities? It doesn’t matter which option is more attractive because, in any case, you pay for your trip with Bitcoin.
Sometimes it is complicated to find a proper present for a birthday or any other occasion for that matter. In that case, you might like to consider a gift card instead of something boring. Gyft will allow you to buy gift cards for over 200 online retailers with Bitcoin.
Watches became more and more expensive during the Corona crisis. While many buyers are looking for another investment, others are looking to own a nice watch. Rolex, Patek Philippe and Hublot are just a few brands that are available on Bitdials. Other luxury items are also available, and if you like to exchange digital for physical gold, then Bitdials might be the place you’ve like to visit.
Overstock is not very active in Europe but is more common in the US. Overstock is involved in cryptocurrencies not only by accepting Bitcoin, Dash, Litecoin, Monero, Ethereum and Bitcoin Cash. The company is deeply involved in cryptocurrencies. The most notable fact is that Bruce Fenton is one of the founders of Ravencoin, which you can also buy and sell on LiteBit.
Ledger is the company producing the maybe most widespread hardware wallet that is available on the market. The Ledger Nano S can store not only Bitcoin but also a variety of other cryptos. Needless to say, that a company that is so deeply rooted in the crypto industry is also accepting Bitcoin for all of its products.
Microsoft is accepting Bitcoin for software products in its Windows and Xbox stores. Aside from accepting BTC, the company is also developing solutions on top of the Bitcoin blockchain. The identity management platform ION uses Bitcoins blockchain to make passwords, usernames and other login credentials obsolete.
Purism is focused on building products that preserve the user’s privacy. This includes their own series of smartphones called Librem5, but also laptops and servers. While Bitcoin payments are not anonymous, they are considered more private than other payment methods because Bitcoin addresses are pseudonymous.
Jan 18, 2023
On the surface, Nostr is much like a stripped-down version of Twitter. But just like Bitcoin works in fundamentally different ways from traditional money, under the hood Nostr works very different from conventional social media. In Nostr, YOU own your account. Also, Nostr lends itself to integration with wallet software and Bitcoin's Lightning network. Let's dive in and experiment.
Jan 06, 2023
Since the birth of Bitcoin people have been worried about improving decryption technology one day becoming capable of breaking the encryption. A recent paper by Chinese researchers claiming a quantum computation breakthrough - which most consider a hoax - adds fuel to the fire. How likely a candidate is quantum computing to ever break Bitcoin's encryption?
Dec 02, 2022
Hash trees are vital to blockchain technology and Bitcoin because they allow validating data securely and efficiently. The name Merkle tree derives from its scientist inventor Ralph Merkle who patented his invention in 1979. Today, hash trees are very common in cryptography as well as in computer science.
Nov 03, 2022
Bitcoin is decentralized and secure. The downside of both features is that Bitcoin doesn’t scale very well and cannot execute complex smart contracts as Ethereum does. This limits its use and while the mother of cryptocurrencies still stands tall, it needs to change and adapt to the existing demand. The most promising technical approach to solve at least one of both issues is the so-called Lightning Network. It is a protocol that runs on top of Bitcoin and offers almost instant finality of transactions by facilitating them off-chain and confirming them at a later point in time. In this sense, the Lightning Network is the transactional layer that still profits from Bitcoin’s security and finality of its blockchain. TARO is a brand-new invention that was brought to life by Lightning Labs and just introduced in late September 2022 as an alpha version.