Amidst all this market speculation and commentary, we can often lose sight of the ‘currency’ part of cryptocurrency. Today we’re going to take a look at what exactly (and where) you can buy with cryptocurrency. The list is more extensive than you think!

Luxury Goods

Unsurprisingly purveyors of luxury goods have already found a niche and way to spend their digital currencies. And startups have been more than happy to cater to their needs. Both De Louvois and The White Company offer their elite clientele the option of purchasing anything from rare works of art (Paloma by Pablo Picasso, anyone? Yours for only 1,935.84 BTC!).

Other listings include Mclaren 675LT Spiders, Malibu Beach Houses, Parisian penthouses, through to Helicopters and Diamond, White Gold and Blue Sapphire earnings. The world, for luxury items, is literally your very expensive oyster.

Vacations

Want to treat yourself to that much-needed break, but think fiat is so last week? Travala and others have your soon-to-be tanned back. Customers can spend anything from Bitcoin, through to XRP, XLM, EOS, and BNB to visit Paris and 82,310 other Destinations. Listings are reportedly 15% lower than average, thanks to wholesale deals and the cost-saving measures from their proprietary blockchain platform.

As more companies understand the cost-saving benefits of cryptocurrency and blockchain technology, expect the variety and shape of vacation offerings to increase.

Shopping

All shopify-enabled online stores now have the functionality to accept Bitcoin as payment. As a result, hundreds of thousands of shops, and millions of customers are able to take advantage of the Bitcoin network’s reach and scale. Advantages include fast international payments, low fees, no chargebacks, and an increased international marketplace.

Other main online vendors, such as Overstock.com, are also taking note of the crypto explosion – and have started to accept cryptocurrency as a form of payment.

Stocks and Shares

STOs (security token offerings) allow the customer to buy a digital token which represents a real-world asset such as a stock or bond. Advantages of STO platforms over traditional stock exchange markets include; speed of settlement, fees, and fractional ownership. Polymath (Ethereum), Smartlands (Stellar) and DX.Exchange offer STO functionality with their purpose-built platforms. This is just the beginning!

Conclusion

And there’s just the tip of the what-you-can-buy-with-cryptocurrency iceberg. As platforms and legislation develop, expect great product offerings, functionality, as well as weird and wonderful creations that haven’t been thought of yet. And here at Newconomy, we can’t wait to see what’s next.