Bitcoin has generated a lot of buzz ever since it entered the bull cycle that had a significant impact on the crypto market. The price of Bitcoin exceeded $63,000 while other cryptocurrencies also entered a bull market phase. But what was most interesting about this bull market phase is that Bitcoin, as the leading cryptocurrencies in the market, triggered a change for investors and businesses that adopted and supported Bitcoin’s growth.
That being said, is it possible to use BTC for day-to-day transactions and essentially live off Bitcoin? The short answer is yes, although you need to be aware of certain factors that make BTC accessible on a daily basis.
Businesses That Accept BTC Payments
There are many businesses today that accept BTC payments and represent an essential component if you want to use BTC on a daily basis because you obviously need different products and services in your life. So today, there is actually an increasing number of companies to work online as well as offline that accept BTC payments.
Obviously, this wasn’t the case early on when Bitcoin was still an unknown cryptocurrency, but especially now, as the value of Bitcoin is increasing, there is quite a lot of different choices when it comes to businesses that offer products and services in exchange for your Bitcoins.
Some of the most popular companies that accept BTC are Tesla, AT&T, Square, Bloomberg, Overstock, Burger King, Subway, and many other companies. So, you can easily use your BTC in these establishments; however, there are some businesses that accept BTC but not directly. For example, you can buy gift cards with your BTC and use them on e-commerce sites like Amazon, which is a very useful option as this business still doesn’t accept BTC payments.
Also, Starbucks accepts BTC, but only through its app. So, there are some workarounds that can help you access your favorite brands.
Online Trading Platforms
Otherwise, there are many online trading platforms where you can invest in BTC. For example, Bitcoin Fortress is an automated trading system that is based on Artificial Intelligence technology is which is able to read large data sets and perform trading at a high win rate for its users.
Plus, it is able to deliver accurate tradable insights due to its high-end technology. What’s more, you only need to deposit $250 to create an account and start trading here. On online trading sites, you will be able to exchange your Bitcoin tokens for fiat currencies and cryptocurrencies.
Bitcoin ATMs
Otherwise, there is a rise in the number of Bitcoin ATMs that allow you in a physical location to exchange your BTC for traditional currencies or buy and sell BTC. However, most of the ATMs offer only one functionality, but there are some ATMs that are bi-directional. In the USA, there are 38,460 Bitcoin ATMs, and the number will increase in the future.
Global Adoption
Also, as Bitcoin is a dominant topic around the world, a lot of countries are looking for ways to regulate it or to accept BTC in the public sector. For example, Argentina accepts BTC for public transit fees. El Salvador is another country that accepts Bitcoin as a legal tender; however, it could take a lot of years before we see a global adoption of BTC around the world, but it’s a great step that shows that you can easily use a BTC on a daily basis when there is governmental support in your country.
Otherwise, it is very useful for crypto users that there are a lot of popular brands that accept BTC. In addition, it easier to use BTC on the move as there are online trading sites and Bitcoin ATMs that can help you to exchange your BTC for other currencies.
