Who Accepts Bitcoins? And How?

Ritcoin means different things to different people: digital gold, freedom money, criminals’ haven, and so on. But that it is emerging as a store of value globally, for better or worse, is undeniable. From paying for retail purchases and world tours to storing their life’s savings, people are using bitcoins in a plethora of ways. Of course, critics love to focus on bitcoin being perfect for criminals, but in a previous article of this series, we have seen how their argument is fallacious. Anyway, one thing is clear from this—not everyone prefers bitcoin for payments and transactions. And so the obvious question is—who does? How are people using bitcoins in their daily lives? The possibility is endless, although some use-cases are more prominent and relatable than others. There is an ongoing revolution in finance, people call it DeFi, and it’s steadily coming...