Who Accepts Bitcoin? | Check Out These Places That Accept Bitcoin!

Who Accepts Bitcoin? | Check Out These Places That Accept Bitcoin!

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Bitcoin is the, without doubt, the biggest cryptocurrency. Many major companies around the world are now accepting bitcoin payment for online goods and services (in Denver, you can even use Bitcoin to pay for your parking!) An aggressive campaign led by Coinbase (where $1 million worth of transactions were processed for free) prompted large companies to start accepting bitcoin by using third-party services like Bitpay & Cryptopay. As the trend has been started it appears to be growing, so who accepts Bitcoin? There are some surprising companies and we’ve listed them below. 

Who Accepts Bitcoin?

KFC Canada – The world’s largest chicken franchise – KFC, is allowing customers in Canada to pay for “The Bitcoin Bucket” using bitcoins for a limited time. “The Bitcoin Bucket”, a themed container can be purchased for $20 CAD, and is delivered to customers. The digital currency is accepted only via BitPay – an online payment mode and does not encourage customers to pay crypto at the cash counters.

Overstock.com – This large online retail store sells electronic products at minimal prices due to excess stock. Overstock.com allows customers to buy using bitcoin. It is the first major retailer to accept bitcoins and other major cryptocurrencies.

Subway – Subway in Buenos Aires has begun to accept bitcoin as a payment method. The belief is that accepting bitcoin as a method of payment would increase business.

Microsoft – The tech giant Microsoft is enabling users to create a Microsoft account in which the user can deposit Bitcoin. A well-structured process allows users then, to utilize these funds for purchasing movies, games, and apps in Xbox stores and Windows.

Reddit – Reddit; a community that provides thousands of your favorite things. It allows you to buy premium features with bitcoins.

Virgin Galactic – Bitcoins are taking the place of old conventional currencies at a fast pace. Sir Richard Branson, founder of Virgin Group including Virgin Galactic, Virgin Mobile, Virgin Airline, (and many more) has said that Virgin is accepting bitcoins to reserve tickets for a space travel. Branson feels that Bitcoin is a low-risk option; he has invested in it in the past and encourages others to do so now. Space travel costs 98 bitcoins or 250,000 US Dollars.  

OkCupid – OkCupid, the world’s most popular dating site has started accepting cryptocurrency. By partnering with Coinbase, OkCupid allow users to subscribe with bitcoin. The costs for a “premium subscription” list called the “A-List”, can be up to 0.10 bitcoins or $10 a month.

Namecheap – A domain name registrar and web hosting company with nearly 3 million domains are accepting the digital currency as a method of payment for their services. Namecheap is the first company among numerous domain name registrar companies to accept bitcoins for registering a website, hosting domains, etc.

CheapAir.com – Now, you can spend a little of your cryptocurrency on airline reservations, hotel bookings, and car rentals. CheapAir.com, a travel booking site enables customers to purchase both domestic and international flight tickets with bitcoin. It is the only company to accept bitcoin currency for air travel and customers can pay from their Coinbase wallets.

Expedia.com – The exclusive online travel booking agency Expedia, has partnered with Coinbase to create a bitcoin payment option. Since June 2014, Expedia users have been able to book their hotels with bitcoins. As of now, Expedia is accepting digital currency only for hotel bookings.

Gyft – Gyft, a leading digital gift card retailer offers gift cards in exchange for bitcoin. The association of Gyft with Coinbase ensures that bitcoin payments are made via a Coinbase wallet. Gift cards can be redeemed or used to purchase goods at over 200 retailers.

Newegg.com – Popular online computer hardware and electronics retailer now accepts bitcoin as payment. With bitpay as the digital currency processing partner, Newegg expects to see higher sales in certain product categories.

Wikipedia – Wikipedia, the free online encyclopedia with more than 4,570,000 articles has established a partnership with Coinbase to accept donations in the form of virtual currency. To provide users with an ease of choosing payment options, Wikipedia’s donation page is now flexible to make one-time or recurring donations using bitcoin.

Alza – The biggest and most successful Czech e-retailer store has introduced bitcoin payments for shoppers. In many of its showrooms, bitcoin ATMs are available to facilitate smoother transactions for those paying in bitcoin. It is accepted via BitPay.

The Internet Archive – The internet archive provides free access to web documentation such as music, software applications, games, and so on. It has expressed its interest in accepting digital currencies as donations. This nonprofit organization assures its supporters to use bitcoins to enhance its operations and achieve its mission of providing free and secure services to the public.

PizzaforCoins – Want pizza? Order now and pay using bitcoins at PizzaforCoins. Any pizza joint including Pizza Hut, Dominos or Papa John’s is available with this service. Order now, enjoy your meal and pay with bitcoins. It also accepts more than 50 other cryptocurrencies.

Reeds Jewels, Inc. – At REEDS.com, you can shop exclusive jewelry, watches, and loose diamonds with your bitcoins using a bitcoin wallet like Coinbase. Reeds Jewels has brick-and-mortar stores in 13 states and also offers online shopping. Purchase of loose diamonds is complimented with a free delivery.

Shopify Stores – Looking to spend bitcoins? Shopify – an e-commerce platform, helps merchants to sell their commodities through an online platform similar to eBay. Shopify has recognized digital currency and is integrated with BitPay to simplify the payment process.

Final thoughts…

Many companies are embracing digital currencies by partnering with crypto platforms to transfer digital funds in exchange for goods and services. Though many of the larger companies have started t0 accept bitcoin, so many are still lagging behind and have yet to jump on the band-wagon. The reality is that the future of online shopping is definitely heading towards virtual currencies and the time has come for bitcoin to be a staple payment option when you reach the tills. If you’re not in, you can’t win.

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How to Earn Bitcoin | Earn Bitcoin Playing Games, Mining, Jobs & More!

How to Earn Bitcoin | Earn Bitcoin Playing Games, Mining, Jobs & More!

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Bitcoin With Chart

Bitcoin is the most valuable digital currency in the world. It’s no surprise many people are looking to earn some. When it was first created, 1 Bitcoin technically was worth $0. It is safe to say that it has since grown exponentially as at the time of writing, Bitcoin’s current value is a whopping $8,500 USD per Bitcoin and its market cap? over $300 billion USD. Ever the volatile coin, however, it’s price can skyrocket upward in a day or drop hundred’s of dollars in a day. If you are looking to get your hands on some read on!
how to earn bitcoin

How To Earn Bitcoin

You can, of course, buy it directly from an exchange, but you can also earn it. Earning and buying are two very different terms; to earn Bitcoin, you must perform a series of (usually digital) tasks or jobs and as a compensation for this effort, Bitcoin is paid or earned. Here are a few ways to do it…

Lending Money

Much like how a fixed deposit scheme works, one can lend Bitcoin to others on a peer-to-peer Bitcoin lending platform. A profit of 12-18% on the initial investment is returned, along with the invested amount. This is one of the most popular and easiest methods for earning Bitcoin.

Helping Others

This can be thought of as a form of freelancing! There are several platforms available which allow users to pose questions and obtain answers from other people. A fixed reward is given to anyone who can answer the posed question. One is required to research and find the answer. Bitfortip is one such platform which is mobile and desktop based. On this platform, questions can be formed and answered in 11 different languages.

Earning Bitcoin from Jobs that Pay in Bitcoin

It does not get better than earning Bitcoin as a payment method for a job! Bitcoin is paid out to employees in several fields, so there are several jobs currently out there where you can earn Bitcoin for your services. Examples are; engineering, singing, writing or translating. You can earn bitcoin right away, you just have to look in the right place; several websites which offer bitcoin for your services are Jobs4Bitcoins, bitWAGE, CoinWorker, and Coinality.

Mining

Mining involves the process in which “miners” use their computers to solve cryptographic or mathematical puzzles in an attempt to win Bitcoin. Mining require the “solving” of a huge number of computational problems to unravel a new batch of the prized asset. To generate large sums of profit and achieve massive cooling as well (which is essential for keeping the computers cool), it is better to build or purchase dedicated mining machines. AMD cards and NVidia GPU cards can be used for the ‘at-home’ miner to give their computers any chance of a successful mine. These cards add profit to the mining process as they can be used simultaneously with mining software (if you are not buying mining hardware). Setting up an official mining rig is an expensive process. A more pocket-friendly option is joining a mining pool. In mining pools, the computational power of miners is combined to solve cryptographic puzzles to earn Bitcoin.

Bitcoin Faucets/Playing Games

There are several gaming platforms that allow you to earn bitcoin by playing games. These are called Bitcoin faucets. These websites earn their money from advertising revenue on the site and visitors earn Bitcoin by playing games on the site. No investment is required. The earnable amount playing such games is very small but it is a fun way to kill time and earn something while doing so. Coinbrawl is one such popular platform.

Bitcoin Binary Options

This is a form of trade which likens more to gambling. Bitcoin binary options require you to predict the rise or fall in the value of Bitcoin. There are only two options available and one must choose the ‘rise’ or the ‘fall’. If predicted correctly, a profit is earned. If the prediction incorrectly, the player’s initial investment is lost. This is pretty risky as no one can ever truly know what way Bitcoin is going to go.

Others

There are several websites which offer Bitcoin if you visit them and watch a video or advertisement for example:

    • Ads4btc is one such website. One can earn up to 1000 Satoshi (the unit in which bitcoin is expressed) per click.
    • CoinWorker is another such site. A visitor must sign up and answer certain analytical questions or perform other (usually menial) tasks as well. The pay-out is significantly higher though when in comparison to ads4btc.
    • Freedigitalmoney.com is a website which pays its users with rewards. These rewards are given to users when they buy products using bitcoin.

So there you have it! How to earn Bitcoin. No doubt as time goes on there will be more and more ways to earn Bitcoin. For now though, there are some fun and also practical ways to get your hands on some. Happy earning!

Bitcoin Transaction Fees | Who Decides the Transaction Fee?

Bitcoin Transaction Fees | Who Decides the Transaction Fee?

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To understand Bitcoin transaction fees, it helps to first understand the method of processing transactions. How does it all work!?

Well, it starts with the blockchain and the blocks which store the transaction information (thus making them legitimate). Each block in the Bitcoin network has an artificial size limit of 1 MB and this averages 2020 transactions to fill one block. Also, a new block is mined every 10 minutes – which is 600 seconds. So to calculate an average transaction time the math is straightforward:

Number of Transactions Per Block / Block Time in Seconds

2020 Transactions / 600 Seconds = 3.37 Transactions Per Second

So that means in every ten minutes 2020 transactions can be processed by the network at an average time of 3.37 seconds per transaction. In its formative years, before Bitcoin became so popular, this system allowed for definitely cheaper and faster trading. At most, wait time for a transaction could be the time it takes for the next block to become available – but more often than not your transaction was able to be added to the block in unit time.

However, all that changed as Bitcoins popularity soared. With BTC reaching a good level of adoption its block size limit is frequently reached. Transactions that are not processed are rolled over into the next block but priority is given to transactions that include a higher transaction fee. Herein begins the issue of bidding wars and the result can be astronomical fees; at its peak in 2017 fees were as high as $34 per transaction.

Who Decides Bitcoin Transaction Fees?

Miners are incentivized by the Bitcoin network by two factors: block rewards earned when discovering/”mining” a new block (12 BTC per block), and the transaction fees earned by processing a transaction to a block. 

It makes sense for miners to process transactions with a higher fee, as the process of finding more blocks is very costly, timely and consumes a lot of extra energy. In this way, miners can off-set the cost of mining. But prices are pushed by demand – so those who cannot afford to wait will pay a higher transaction fee to have their transaction confirmed first. This increases the overall free-market average fee and many users are finding it expensive to get a place in the blocks. So simply put, the fees are decided by those who are willing to pay the highest and also the miners who choose to accept higher fee payments. 

What Is The Current Status Of Bitcoin Fees?

At the time of writing, there are more than 143,623 unconfirmed transactions in the mempool – where transactions wait for a miner to process them. This highlights the demand and scalability issue with Bitcoin (remembering an average of 2020 transactions fill a block). The average number of blocks mined per day in January 2018 has been increased to 164 blocks from 144 based on the 10-minute block time target but still it seems it isn’t enough to truly handle demand; users are paying over $30 for a $100 transaction compared to the transaction fees of $0.30 in 2017.

How Can Bitcoin Transaction Fees be Cut Down?

There are ways to help the issue:

    • Transaction Batching: A payment is made to multiple recipients through one on-chain transaction. Examples of this are given by outputs.today and an increased use of batching over the year 2017 is clearly visible.
    • SegWit: SegWit is a soft fork that allowed an increase to the block size limit. The SegWit addressed wallets help to reduce fees by nearly 50% – 70%. Wallets include; Ledger Nano S, Trezor, and Green Address.
    • Custom Transaction Fees: Certain wallets enable users to set custom transaction fees rather than opting for a recommended fee structure. Ledger Nano S and Coinomi are two such examples.
    • Tools: UTXO consolidation and dynamic fee estimation combine two separate transactions into a single transaction.
    • Wait: the network fees fall as the congested network starts to turn people off using Bitcoin. Other coins are proving to have fewer scalability issues and therefore faster processing times and cheaper fees. As more and more people chose other methods/coins to trade in, demand can subside causing transaction fees to fall.

Besides this, off-chain scaling solutions known as Lighting Networks will hit the crypto world in the near future. This network allows fast blockchain payments without having to worry about the block confirmation times. With the proficiency to handle millions of transactions per second, the lighting networks allow remarkably lower fees and curtail the demand on an over-worked network.

Hopefully, you now have an understanding of Bitcoin transaction fees and how they work!

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Buy Stuff with Bitcoin | Which Online Stores Accept CryptoCurrency?

Buy Stuff with Bitcoin | Which Online Stores Accept CryptoCurrency?

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buy stuff with bitcoin

At the time Bitcoin was launched, there were many skeptics who saw BTC merely as a passing trend that would eventually disappear as fast as it appeared.

But this has not happened. Now, nearly a decade later, Bitcoin is still very much with us today and has had a profound impact on the online trade industry.

Who would have thought something that only exists in virtual reality would one-day out-trump gold in its value? However, it has not been without its problems – the words Mt. Gox come to mind.

But with each disaster comes new and improved mechanisms to protect Bitcoin users. Now, nearly a decade on from its inception, Bitcoin is being taken seriously as a mainstream means of transaction. That is good news for all those traders who have been holding on to their supply of Bitcoin until the right moment. Because the value of Bitcoin is sky high compared to fiat currencies, you could make a number of handsome purchases with it before even thinking about mining for more.

While Bitcoin has come a long way since its initial launch back in ’09, it still has a long way to go before reaching the same level of acceptance that most fiat currencies have.

In recent years, there has been a rising number of large corporations that have begun to accept Bitcoin as a legitimate currency for selling their products on the internet. However, the ever-fluctuating value of Bitcoin does not absolutely guarantee a healthy revenue stream for the company.

Anyway, let us take a look at some of those companies that have decided to include Bitcoin as means of conducting business transactions.

1. Overstock.com

It is worth mentioning Ovestock.com right at the top of our list since, in 2014, it became the first retailer on the internet to accept Bitcoin as a means of payment. As a customer, you can use Bitcoin to purchase anything from electronic devices to novelty items for the home. What’s more, it is not just Bitcoin that you can use but other prominent cryptocurrencies such as Ethereum, Monero, Litecoin, Bitcoin Cash, and Dash as well.

According to Bitcoin experts from HowWeTrade: “Overstock is one of the first big brands to accept bitcoin. You can purchase stock images easily using BTC. If you are already using overstock, then make sure you pay with crypto next time.”

2. Expedia

One of the world’s most frequented online travel agencies, Expedia was also among the first major companies to accept Bitcoin as a means of payment. They actually collaborated with Coinbase to make the new payment option available to customers. For now, the only thing you can pay for with Bitcoin at Expedia is a hotel booking. However, it is quite possible that Bitcoin payments will be extended to other services like flight bookings and travel activities.

3. eGifter

While Bitcoin is not a staple means of payment for every company selling products and services, you can instead pay in Bitcoin for their gift cards with eGifter.com. eGifter allows you to buy products from all kinds of popular online stores like Amazon, Sephora, Home Depot, and JCPenny.

Newegg

If you are tech nerd and you like paying for stuff in Bitcoin, you will be glad to know that Newegg now accepts Bitcoin as a payment option. Newegg has managed this by teaming up with BitPay. However, this payment option may not be available for products from other sellers that are sold on Newegg’s site. What’s more, there are quite a few purchases for which Newegg does not accept Bitcoin. They include:

    • Marketplace items

 

    • Newegg Gift Cards (digital)

 

    • Premier memberships

 

    • Pre-orders

 

    • Return shipping labels

 

    • Subscription orders

 

    • Will Call orders

 

Dish

Dish is a satellite TV and internet service provider. It has been accepting payments in Bitcoin since August 2014, making it the first subscribed television provider to do so. It is also one of the largest. The option to pay in Bitcoin has since been made available to customers who want to make a one-time payment on mydish.com. For purposes of trading in Bitcoin, Dish has teamed up with Coinbase to facilitate its transactions with Bitcoin.

While you can now use Bitcoin to fund your Microsoft account, you can only use it to purchase certain things like apps, games, and movies from either the Windows or Xbox store. You cannot use Bitcoin to make purchases from the Microsoft online store. Also, any Bitcoin that is deposited into your Microsoft account cannot be refunded.

Conclusion

These are just a few examples of fairly large corporations that have made Bitcoin a legitimate payment option for customers. But the list continues to grow!

Featured Image: DepositPhotos/ peshkova

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Android Users Get Password Checkup, Ability to Schedule Text Messages, and More

Android Users Get Password Checkup, Ability to Schedule Text Messages, and More

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Google has announced a slew of updates for Android that includes an integrated Password Checkup for devices running Android 9 and above. The feature will inform users if any of their passwords have been previously exposed. The feature was introduced on Google Chrome back in 2019 and is aimed at letting users safeguard their credentials before signing in for services. In addition to Password Checkup, Google is updating Android with an improved Messages app that will let users schedule text messages. Accessibility-focussed TalkBack has also been updated to help the visually challenged and people with low vision. Google Assistant, Google Maps, and Android Auto are also a part of the updates that Google has announced for Android users via a blog post.

With the arrival of Password Checkup, Android users can now look at whether the passwords they are using have been previously compromised or exposed. A pop-up dialogue box will appear once ‘Autofill with Google’ has been enabled that will inform users about keying in an already compromised password. It will also include a link to the Password Manager page to let you review all your saved passwords.

Google has mentioned in a blog post that Password Checkup on Android apps is available on Android 9 and above, for users of ‘Autofill with Google’. This means that you don’t need to wait for any Android update on your device to get the new experience.

You can enable Autofill with Google on your device running a stock Android experience by going to Settings > System > Languages & input > Advanced and then selecting Google from the Autofill service option.

Password Checkup has already been available on Google Chrome and is a part of Google’s password manager that is accessible to all users with a Google account. It was initially provided as a Chrome extension and is designed to look at usernames and passwords that have been exposed during third-party breaches to inform users if they pick any compromised or exposed passwords.

In addition to Password Checkup, Google is rolling out an updated Messages for phones running Android 7 and above with the ability to schedule text messages.

“Just write your message as you normally would, then hold and press the send button to select a date and time to deliver your message,” Google explained in a blog post.

google messages schedule feature image Google Messages Android

Google Messages has been updated with the option to schedule text messages
Photo Credit: Google

Android users have also received an updated TalkBack with more intuitive gestures, a unified menu, and a new reading control menu. These are touted to be the most popularly requested features and are aimed at enhancing the experience for visually challenged users and people with low vision. Users need to download or update the Android Accessibility Suite on their Android devices to get the updated experience.

Google Assistant on Android has also been updated with the ability to work better even when the phone is locked. You need to turn on the Lock Screen Personal Results in the Assistant setting to start using Google Assistant for setting up an alarm or playing a music track — without unlocking your phone. Once the setting is turned on, you can say, “Hey Google, set an alarm” or “Hey Google, play pop music on Spotify” to work with the Assistant when your phone is locked.

Google Maps on Android is also getting a dedicated dark theme to help you save battery while navigating to a destination. You just need to go to Settings > Theme > Always in Dark Theme on Google Maps to enable the dark theme. Similarly, you can switch to a dedicated light theme by going to Settings > Theme > Always in Light Theme.

The updated Google Maps with built-in dark and light themes will roll out to all Android users globally in the coming days.

Google has also upgraded Android Auto with custom wallpapers and the ability to entertain passengers with voice-activated games such as trivia and ‘Jeopardy!’ Android Auto users have also been provided with shortcuts on the launch screen to let them access contacts and even use Google Assistant by tapping on the available icons. Similarly, a split-screen interface has been offered for cars with wider screens with a real-time view of Google Maps and media controls. A privacy screen has also been offered to let you control which content should appear on the screen of your in-car system while driving with others.

The upgraded Android Auto with the list of new features will be available in the coming days on phones based on Android 6.0 and above.


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Facebook launch Smart Glass this year, but without augmented reality

Facebook launch Smart Glass this year, but without augmented reality

Facebook launch Smart Glass this year, but without augmented reality

According to Andrew Bosworth, Facebook’s head of hardware solutions, Facebook’s smart glasses will appear sooner or later in 2021, but they will not have a surge in reality technology. The glasses created in collaboration with Ray-Ban and its parent company Luxottica Group will be connected to mobile devices. However, the digital objects displayed on them will not be linked to actual images (a hallmark of AR).

“These are definitely pluggable specs and they provide a lot of features, but we are very restricted about the functionality they provide,” Bosworth said. – We are happy with them, but we do not want to live up to expectations. We don’t even call it augmented reality; We call it smart glass. ”

Facebook first announced plans to launch AR Glass in 2017 and has since worked on various camera technologies that allow digital images to be brought into the physical world, such as photo filters for smartphone front cameras. . In recent years, Facebook has also invested significant hardware development resources, acquired virtual reality company Oculus, and launched a home video communication tool called Portal. Whistleblower said Facebook has more than 6,000 employees in its virtual reality, augmented reality and hardware departments. It’s a larger Facebook team than the Instagram and WhatsApp apps, which are used by billions of people.

The smart glasses are part of the company’s long-term efforts to build the next great platform. Chief Operating Officer Mark Zuckerberg is a strong supporter of augmented reality and virtual reality. But the first version of Facebook glasses will not achieve augmented reality, that is, the ability to connect physical objects to the physical world. The company has yet to reveal the feature set for future specifications, but they claim they are in line with Facebook’s general philosophy of promoting AR.

For example, Andrew Bosworth mentioned that the glasses would allow you to take a first person video at any time without having to take your smartphone out of your pocket. Let’s see how interesting the Facebook product is. Google also had promising glass goggles, which, in fact, remained in the prototype stage for developers.

Snap previously released several versions of its smart glasses called Spectacles, which allowed for video recording. And Apple is also rumored to be working on its Smart Glass variants.