10 Methods for Online E-Commerce Store Merchants to Use Bitcoin Revenue to Own Advantage
How Can E-Commerce Merchants Use Bitcoin Revenue To Their Advantage
One of the biggest questions that new investors eventually ask after obtaining Bitcoin is — what can I use it for? When it comes to e-commerce store owners, many of them are thinking of accepting BTC as a payment method. While this is a great decision which will certainly be praised by the crypto community, the store owner still has to figure out how to use this new Bitcoin revenue for sustaining their business.
Luckily, there are many Bitcoin solutions on the internet that are, in fact, trustworthy, and can help business owners with resolving issues such as office expenses. To help you get started, here is a list of 10 services and ideas regarding what you can do with your newly acquired Bitcoin coins.
1) Start with a Bitcoin Debit Card
One of the first things that you might want to do is to get a Bitcoin debit card. Most BTC users tend to use Bitwala or Shift for obtaining their cards. After getting a card, you can then fill it with BTC, and spend your coins wherever they merchants are willing to accept them. This is currently one of the easiest and most popular ways of spending BTC in the real world.
2) Buy New Equipment for Your Office
Office equipment is necessary for every business, and that includes pretty much anything regarding electronic devices like laptops, desktops, tablets, and alike. Because of that, many business owners have taken to converting their Bitcoin to gift cards at retailers like Amazon or Best Buy.
3) Next Step — Office Furniture
While getting electronic equipment is important, so is fixing up your office space. Since this is the place where you will spend most of your working hours, make it comfortable, but also practical. The easiest way to do this would be to buy furniture from Overstock.com, which became one of the first stores to accept Bitcoin payments.
4) Pay Bills
Believe it or not, it is actually possible to even pay your bills via Bitcoin. This includes utilities, credit cards, and even rent.
5) Pay for Coffee
Coffee has grown to be a large part of almost every culture around the world. It is the first thing we crave in the morning, and for most people, it is unimaginable to start the day off without it. Now, you can even pay for it with Bitcoin.
Well, the process actually requires you to buy Starbucks gift cards that can then be used for buying the actual coffee, but you will still basically pay for your coffee with a digital currency.
6) Pay for Uber
Uber, the largest taxi company in the world, can also be hired with Bitcoin. Similarly to Starbucks, all you need to do is buy an Uber gift card via BTC, load it into your account, and move around the city freely.
7) Book a Flight
Since we are at the topic of travel by Bitcoin, why not also book a flight? There are multiple carriers that will accept BTC directly. These include companies like CheapAir, PeachAir, and Lot Polish.
8) Pay for Domains and Web Hosting
Bitcoin holders can also use this cryptocurrency to buy website domains, and even purchase hosting. Numerous companies, such as Namecheap and Namesilo, have announced that they are willing to provide their services in return for BTC.
9) Hire Workers and Pay Them with BTC
As cryptocurrencies are becoming more and more popular, they are also receiving new use cases. Additionally, more people are drawn to the crypto space, and these days, you can even find employees that are willing to work in exchange for BTC. cryptojobs.com and jobs4crypto are perfect places to start, and you can hire workers from pretty much any part of the world.
10) Send it to Your Friends and Family
There are numerous apps such as Cash app that allow people to easily send money to their friends and family. This now also includes Bitcoin transactions. It is one of the fastest ways to send and receive funds, whether they are in fiat or crypto form. For now, this is only possible in the US, but the expansion to other corners of the world has also been announced.