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Bitcoin-Basics-->View question

Cryptocurrency- What can you buy with cryptocurrency, and how?

Technically, anything that the seller or other party agrees to. The first transaction involving a physical item took place more than 10 years ago, when Florida-based Laszlo Hanyecz offered 10,000 bitcoin on a forum to anyone who would buy him two large pizzas from Papa John’s. Now, the process has become more legitimized. Several major retailers have started to accept cryptocurrency as a form of payment through third-party apps. GameStop, Nordstrom and Petco, among other stores, allow you to pay for items using bitcoin via the payment network Flexa, which has an app called Spedn. This app creates a QR code you can swipe at checkout (similar to Apple Pay), converting your bitcoin into dollars.


Asked On2022-10-17 09:41:20 by:Sanjana-Mandhare-

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While the number of institutions accepting bitcoin is growing by the day, large transactions involving it are rare. For example, very few real estate deals using cryptocurrency have been reported. Even so, it is possible to buy a wide variety of products from e-commerce websites using bitcoin. Here are some of the most active categories. The easiest way to buy anything with bitcoin is to use a crypto debit card. Such cards are preloaded with the cryptocurrency of your choice. While you spend crypto, the retailer receives fiat money. as payment. Crypto debit cards partner with payment-processing giants like Mastercard and Visa to ensure that these transactions occur seamlessly.

Answerd on:2022-11-06 Answerd By:suman

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