Bitcoins were first introduced in 2009 as a new form of payment. As with anything new, especially pertaining to technology, the bitcoin popularity has been growing at a rapid pace. This digital form of currency may have started as a common form of payment, helping to make the foreign exchange transaction easier plus the currency is decentralized and not managed by any one country.
Bitcoin is now a usable form of payment for a variety of goods and services. The top five things you can buy right now with bitcoins includes:
Overstock: Overstock is an online discount retailer located in Salt Lake City, Utah. Overstock has a large variety of quality merchandise:
• Clothing for men, women and children
• Beauty and health products
Overstock even sells cars. Overstock has a Club O for frequent shoppers. When you join Club O, you will receive free shipping; earn club dollars, VIP access-early access to exclusive deals and you can cancel anytime. Shop as you normally would and at checkout, you will select bitcoins as your form of payment.
Bitbet.com: BitBet provides three different types of gambling:
• Casinos-live and virtual platform
• Sportsbook-all major international sports
• Racebook-all U.S. key racetracks
You bet as much as you want using mBTC currency. The BitBet.com website provides instructions and a link for changing wallets to mBTC values. The most common used wallets include:
• Bitcoin Spinner
Pizza for Coins: If you would like to order a pizza and you live in the:
• Canada is coming soon
You can use your bitcoins as your form of payment. Once you select which country, the pizza establishments will be listed. Select with restaurant you prefer, and then you will have your menu options. The price for the pizza is based on the pizza restaurant’s pricing, but the currency used for payment is only in bitcoins.
Bit Brew: BitBrew is located in San Antonio, TX. Bit Brew provides freshly roasted, high quality coffee beans. You have the option to grind the coffee beans to meet your level of fineness. Bit Brew offers several types of coffee:
• Fair Trade
For tea lovers, Bit Brew also offers a variety of tea flavors: Chamomile, Darjeeling, Early Gray and English breakfast. The price for Bit Brew coffee beans range in price depending on the type of coffee bean. For example, one of the signature blends is 9.844 mTBC. The teas are priced between mBTC 2.0000 to mBTC 5.0000 per ounce. (1 BTC = 1000 mBTC)
Coindl: Coindl offers download digital goods:
• eBooks or eMagazines
• Sheet Music
• Website Templates
All purchases are paid with Bitcoins. You also have the option to sell your digital services via the website. The price points depend on the type of digital product you select
.As you can see, there is already a wide variety of options for using bitcoins. The websites may not be updated to promote bitcoins but you will have the option at checkout. In addition to the things you can buy with bitcoins, you can also buy and sell bittcoins, similar to trading on the stock market but with bitcoins, this is an online market place. The term Bitcoin-Qt defines the protocol. For example, if you use your cell phone to purchase bitcoins, there are codes, which validate transactions. With continued popularity, the use for bitcoins will increase as well.
Source: Bitcoins FAQS