Introduction –
Bitcoin was launched in the year 2009 and the main motto of it was to work as a medium or bridge for daily transactions, which made it possible to purchase everything from a computer to cup of tea to even somethings like real estate. But the saddest part is that, this has not materialized. Moreover, the number of institutions that are accepting the cryptocurrency has grown increasingly, but large transactions are not the scene for the same. Besides all of that, you can even buy distinct varieties of products through crypto use on e-commerce sites. Let’s look at some such here. The first and the foremost thing, that we need to look at is technology and e-commerce websites. There are many firms that sell tech products and they accept crypto currency on their websites. Some such are Microsoft, AT&T, newegg.com. Some of the sites that accept Bitcoin and Cryptocurrency are – Home Depot, Rakuten, & Shopify.
Who Accepts Cryptocurrency –
Luxury shopkeepers are the ones who accept crypto payments. For instance, luxury retailers like Patek Philippe, Bitdials, and watch stores accept Bitcoin and provide the goods in return for cryptocurrency like Bitcoin. Next, are the car dealers, they also accept some forms of cryptocurrency as a payment. Besides all of that, there are insurance firms accepting cryptocurrency, in the year 2021, month of April, Swiss Insurer AXA had announced that it started accepting Bitcoin as a method of payment for insurance, except the Life Insurance. This was mainly due to the regulatory issues. Besides all of that, there is also Premier Shield Insurance Firm, that accepts Bitcoin for premiums and they sell home and car insurance. Besides all of that, you can also use cryptocurrency debit cards, if the retailers do not accept cryptocurrency. Debit cards for crypto such as BitPay is used in the USA.
Safety of Cryptocurrency –
You can also look at madghost for more details on cryptocurrency. Besides all of that, you also ought to be careful against fraudsters who may show legit real-time currency traders or they can also set up fake exchanges to outsmart individuals and into giving them the money. Other kinds of frauds comprise of crypto scam which has sales pitch for people who are retired. After which, they do crypto hacking by infringing the digital wallets, where you have stored online currency. One of the most pivotal things that you ought to know is that cryptocurrencies are developed using a blockchain technology. Blockchain is a method by which the transaction details are given in blocks and time stamped. It is a just, and complicated technical process, but the result is a cryptocurrency transaction of digital ledger which makes it difficult for the hackers to infringe with.
Two-Step Authentication –
Besides all of that, the transactions need a two-step authentication process. For example, you will have to submit a username and password to begin the transaction. After which, an authentication code will be send to your personal mobile number or e-mail ID and so on. Next, thing that you ought to know is that investments of cryptocurrency are subject to less protection in regulatory compared to the traditional fiscal products like mutual funds, bonds, stocks and so on.
