Bitcoin has over the years been said to be a speculative asset that would surely grow well, according to retail traders in the market. But that was not the case when the digital asset was first designed. According to the design that Satoshi Nakamoto, the developer, made, Bitcoin was intended as a peer-to-peer payments system that would work efficiently without the need for a financial intermediary as a third party.

With that in mind, people would be open to making their transactions and holding their cash, which is the same thing as their banks. Even though Bitcoin would not suffice where other Currencies would come in terms of payment, the digital asset is gradually growing to body currencies worldwide.

Tesla adds Bitcoin as a payment option

With this at the back of your mind, there are several ways that Bitcoin could help you breach the payment bridge without the need for physical cash. The first is car making company, Tesla. Some months ago, Tesla announced that it had been bitten by the Bitcoin bug as the company pooled close to $1.5 billion of its cash into the digital asset.

During the period, Tesla announced that there were moves to add a Bitcoin payment option to their accepted payments in the future. The future is here, going by the recent announcement of the CEO of the firm, Elon Musk, on Twitter. In the announcement, Musk highlighted that the car-making firm has already added a Bitcoin payment option to their platform as prospective buyers can now use the option to pay for their purchase.

He also mentioned that only United States customers would be opportune to use the feature as they are still hoping for a date to roll out the feature across the globe. Asides, Tesla, we have seen a couple of real estates that have been sold and paid for using Bitcoin. A typical example is Bithome, a company that sells properties and has a base of operations worldwide.

You can use Bitcoin to purchase foods, clothes, and houses

Using Bitcoin to buy other necessities in the household is gradually ranking up there with using physical cash. To that effect, there are tons of stores online that have now started accepting Bitcoin as a mode of payment. A typical example is MtSocks, an online stock where people buy all kinds of stockings with the use of Bitcoin.

Asides from buying stockings, other stores sell high-end designers and receives Bitcoin in place of cash from their users. Moving from clothes and garments, there are other traveling platforms where you can book your flights and pay for hotels online. These people offer affordable and cheap services compared to other platforms that accept payments in cash. Sometimes, the discount and allow users to enjoy so many benefits.

Moving on, there are now outlets that allow you to pay for your foods using Bitcoin. Even though this is no longer the time where one would pay 10,000 Bitcoin for a pizza, you will be allowed to pay a substantial amount for the food you are ordering.