Where can you spend Bitcoin in 2020?

Due to high transaction fees, high price volatility, low throughput, and 10-minute confirmation times, Bitcoin may not be suitable for small consumer payments, such as coffee. However, more and more merchants are now accepting Bitcoin as a payment method.

(Source: Pixabay)

This is thanks to Segregated Witness and the Lightning Network. The former has worked to solve the fee problem to some extent, while the latter is constantly integrating development, and the digital signature algorithm (Schnorr) and taproot soft fork upgrade proposals are trying to solve the scalability of Bitcoin transactions.

Now, let’s look at where in the real world you can buy things with Bitcoin in 2020.

(Source: Spendmenot)

Who will accept Bitcoin in 2020?

Based on Paxful and Paybis data, Spendmenot.com has released a comprehensive report covering various industries that support Bitcoin payments.

Fashion wear (jewelry, watches, luxury goods) - Ancora1919 store; websites such as Etsy, Domoshop and Real Watches

Services (payments, telecom, brokerage) — Telecom operators AT&T, Dish, and Bitrefill, which offers Bitcoin top-ups for cellphone bills; Purse, which offers Amazon shopping discounts; and gift card provider Gyft.

Food and Beverage – Fast food restaurants such as Crypto Coffee, Burger King, Subway and Domino’s Pizza; Roots, an organic herbs and spices wholesaler; and Whiskey.De, a premium spirits merchant.

Banking Services (Banking and Bill Payment) - Not all banks hate Bitcoin, Fidor Bank, Goldman Sachs, and Royal Bank of Canada accept Bitcoin. In addition, there are startups such as Bylls and Living Room of Satosh working on bill payments.

Online Stores – Many online stores accept Bitcoin, such as Overstock, Shopify, Cryptoshopper, Bitplaza, Bitshopping, etc. You can find almost anything on them.

Travel - Yes, nowadays, you can even buy plane tickets with Bitcoin, such as CheapAir, Bitcoin.Travel, Cryptocribs, and Travelbybit.

Cars – If you mined enough Bitcoin in 2009, you could buy a Lamborghini, or a new BMW, or even a classic muscle car on Classic Creations.

Charity Donations - There are many charities that accept Bitcoin, such as Wikileaks, Code Inspire, United Way, Save the Children. Or, you can donate to your favorite open source project, such as Tor.

Movies – You can catch the latest movies at cinema chains like AMC, CineMulti and Major Cineplex.

Online Marketing, Software/Hardware, Hosting/VPN – there are so many options to meet all your tech needs.

Cryptocurrency usage is surging.