Where to Spend Crypto: From Non-profits and Donations to Casinos and Luxury
Cryptocurrencies have been showing no signs of losing their relevancy. In fact, they keep becoming a more and more popular form of payment method. It’s no wonder companies and organizations also keep expanding their payment options to accommodate those crypto owners.
You can spend your cryptocurrencies in many places, ranging from non-profits and charities to online casinos and luxury hotels. The possibilities are unlimited. In this article, you will look at several of those places and things.
1. Red Cross
The American Red Cross has been accepting donations in Bitcoin and other cryptocurrencies. This is possible due to its partnership with BitPay, a global Bitcoin payment service provider. Since your crypto goes to a non-profit organization, you don’t have to pay any processing fees.
When you donate to the American Red Cross, your fund goes to disaster relief support or other humanitarian services. Knowing that your crypto will go to a good cause will surely give you a sense of satisfaction.
2. Save the Children
Save the Children is a non-profit international organization that was established to support children’s rights. It also provides relief to children in developing countries.
This organization partnered with The Giving Block to allow payment with currencies, including but not limited to Bitcoin (BTC), Ethereum (ETH), and USD Coin (USDC). By donating with cryptocurrency, your contribution can be completely anonymous.
You can even donate with Non-Fungible Tokens (NFTs). Save the Children accepts proceeds of an NFT sale after it’s converted to a cryptocurrency. This gives you even more options to donate.
3. Crypto Casinos
Crypto casinos are online gambling platforms. They work similarly to traditional online casinos that offer a variety of games, such as roulette, poker, and online slots for crypto. The main difference between crypto and traditional casinos is their payment method.
Additionally, crypto casinos allow you to gamble with cryptocurrencies such as Bitcoin, Litecoin, Ethereum, and other digital currencies. This brings many benefits because you can stay anonymous while performing secure transactions.
Since cryptocurrencies are decentralized, each transaction is recorded on a public ledger that lets users verify it. Therefore, you can trust the transparency and fairness of these casinos.
Additionally, crypto casinos don’t require any intermediaries, such as banks, to regulate their transactions. This means you can enjoy low-cost transactions and quick deposits and withdrawals.
However, not all crypto casinos are reputable. It’s essential to do your research before choosing one to join and make a profit. If possible, choose to play in a licensed casino regulated by a governing authority.
4. Microsoft
In the past, Microsoft’s support for cryptocurrency payment was discontinued temporarily. However, as of 2023, the company has resumed its service.
Microsoft allows people to add funds to their Microsoft accounts using Bitcoin. Those funds can then be used to purchase its products, such as apps, games, and movies. The cryptocurrency payment method is available in their store.
Furthermore, the company has shown more interest in blockchain technology and digital currencies. Therefore, it’s likely that it will keep expanding its crypto accessibility in the future.
5. Shopify
This company started allowing crypto payments back in 2020 when it partnered up with BitPay and Coinbase Commerce. Right now, it enables nine payment methods that accept cryptocurrencies, including Crypto.com, DePay, OpenNode, and IBEX Pay.
Shopify itself is an e-commerce platform that enables businesses, forms small to large, to establish online stores. Merchants that use Shopify can enable cryptocurrency payments by setting up a crypto payment provider.
Once enabled, their customers can purchase their products with a selection of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
However, it’s important to remember that not all merchants allow customers to pay with cryptocurrencies. Before making a purchase, customers should check with the merchant first to see if they accept crypto payments.
6. PayPal
PayPal has been one of the leading payment processors in the world for many years. It has managed millions of transactions on a daily basis. With more than 346 million active accounts, implementing cryptocurrency seems such as a good move that can attract even more customers.
Starting in 2020, PayPal has allowed customers to purchase, keep, and sell cryptocurrencies using their PayPal accounts. They can also transfer, send, and receive four different cryptocurrencies, which are Bitcoin, Ethereum, Bitcoin, and Bitcoin Cash.
Customers don’t have to open a separate account because everything is already built into their account. PayPal also doesn’t charge fees for holding crypto. However, there will be a transaction fee for buying or selling.
7. Luxury Cars
With the rising popularity of cryptocurrency, it’s no wonder that many automotive companies have jumped on the bandwagon of accepting crypto payments. Some car companies that allow cryptocurrency payment includes BMW, Carriage Auto Group, HGregoire, and CryptoExchange.
Each of those car dealers and marketplaces offers many brands of cars that may include high-end names such as Ferrari, Bugatti, and Bentley. However, keep in mind that not all dealers might accept a crypto payment method. It’s a good idea to check with your preferred dealership before making a purchase.
8. Luxury Hotels
There has been a growing number of hotel groups that are accepting cryptocurrency as a form of payment. Some of them include The Pavilions Hotels & Resorts, The Kessler Collection, The Chedi Andermatt, and S Hotels & Resorts.
Each of these hotel groups is notable for having many luxurious properties around the world. It’s expected that in the future, a lot more hotel groups will follow their footsteps. By paying with cryptocurrencies, you can gain many benefits, including security, anonymity, and convenience.
Final Thoughts
The world of cryptocurrency offers a wide range of options for people looking to spend their digital assets. The possibilities are endless, from supporting non-profits and charitable causes to investing in authentic luxury goods. These eight things that have been mentioned are just small parts of those possibilities.
Ultimately, how you want to spend your crypto is up to you. The most important thing is to consider your individual values, goals, and risk tolerance before making a decision.
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Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Damir is the team leader, product manager, and editor at Metaverse Post, covering topics such as AI/ML, AGI, LLMs, Metaverse, and Web3-related fields. His articles attract a massive audience of over a million users every month. He appears to be an expert with 10 years of experience in SEO and digital marketing. Damir has been mentioned in Mashable, Wired, Cointelegraph, The New Yorker, Inside.com, Entrepreneur, BeInCrypto, and other publications. He travels between the UAE, Turkey, Russia, and the CIS as a digital nomad. Damir earned a bachelor's degree in physics, which he believes has given him the critical thinking skills needed to be successful in the ever-changing landscape of the internet.
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Damir is the team leader, product manager, and editor at Metaverse Post, covering topics such as AI/ML, AGI, LLMs, Metaverse, and Web3-related fields. His articles attract a massive audience of over a million users every month. He appears to be an expert with 10 years of experience in SEO and digital marketing. Damir has been mentioned in Mashable, Wired, Cointelegraph, The New Yorker, Inside.com, Entrepreneur, BeInCrypto, and other publications. He travels between the UAE, Turkey, Russia, and the CIS as a digital nomad. Damir earned a bachelor's degree in physics, which he believes has given him the critical thinking skills needed to be successful in the ever-changing landscape of the internet.
