Bitcoin and altcoins are getting closer to people every day. Many online retailers and even well-known brands like Starbucks, Home Depot and Target are adding cryptocurrencies as one of the payment options.
Magnetic eyelash beauty brand Glamnetic recently started accepting payments in Bitcoin, Ethereum (ETH) and Dogecoin (DOGE). To facilitate this process, the company has partnered with electronic payment provider BitPay. To educate people who don't understand much about cryptocurrencies and how the entire industry works, the company creates educational videos on TikTok.
From now on, in Switzerland, you can even get insured for cryptocurrencies. Insurance company AXA accepts payments in bitcoins for various policies, with the exception of life insurance, since the country's legislation does not yet allow this.
More and more companies began to pay their employees salaries in bitcoins
For example, the Sacramento Kings NBA team announced the possibility of paying salaries in bitcoins to franchise employees and even players. People will be able to receive the desired portion of the salary in cryptocurrency.
The Netherlands decided to apply a similar approach. Domino's Pizza employees can now choose to receive a portion of their salary in both euros and bitcoins. What's more, even tips can be paid in BTC.
Cryptocurrency and taxes
In some countries, cryptocurrencies can be used to buy real estate or pay taxes, and many special ATMs for digital currencies are also installed. In the United States alone, an average of 48 ATMs are launched daily.
Also in the US, the possibility of paying taxes in cryptocurrency is being considered. Jackson, Tennessee, is about to accept bitcoin for real estate taxes, and Williston, North Dakota, is already paying utility bills in bitcoin.
El Salvador decided to recognize bitcoin as the official currency, and its citizens will receive free bitcoins after downloading a government-issued cryptocurrency wallet app.
Thus, cryptocurrencies are becoming a part of everyday life. And in just 10 years, they can become an integral part of the global economy, occupying their niche along with the currencies of different countries or even surpassing them as a universal means of payment for goods and services.
How not to miss your chance?
Most people think that entering the cryptocurrency space is as difficult as entering information technology. That you need to understand a special “cryptocurrency” language and invest a lot of money. In fact, this is not rocket science at all!
But do not immediately take out all your savings and rush to buy bitcoins or Ethereum. Of course, you can try investing in cryptocurrency as you would with any other savings account with a bank. Interest will not accumulate, but after a couple of years, the rate may pleasantly surprise you.
If you want to get results faster, then cryptocurrency trading may be the best option for you. However, you must first learn how to do this.