Gone are the days when cryptocurrency was confined to the dark web or speculative trading. These currencies have become mainstream and legitimate ways of trading and transferring money in recent years as they have gained acceptance on Wall Street. The expansion of vendors and communities across the world accepting cryptocurrency payments has grown rapidly. Booking flights and buying a Tesla have always been available to those with crypto to spend, but there are so many more options than that available to people. Let's take a look at seven unusual, yet real, ways you can spend your crypto.
A great, more common way to spend your crypto is through the use of online casinos that deal in crypto. With the explosion of the iGaming industry in recent years, many casinos have branched out into the crypto realm to allow players to wager their bets using popular cryptocurrencies. As the widespread nature of the online casino industry has reached all corners of the globe, Australian players, for example, have access to an increasing number of casinos that offer crypto payments in addition to traditional fiat currencies.
Whilst iGaming may seem like a more predictable way to spend your crypto, there are more obscure and ridiculous ways to spend cryptocurrencies. For instance, Virgin Galactic has now started accepting Bitcoin for its suborbital flights. This means you can quite literally leave this earth and shoot for the stars with the help of crypto. A crazy thought, but certainly one that would offer some insane views and a real flex in your friends group.
An equally obscure and indulgent way to spend your crypto is on an additional furry friend. Ever thought your pet is so good that you could do with two of them? Well, in South Korea, biotech companies such as Sooam Biotech will clone your pets and are now accepting crypto payments to do so. It might be expensive, but there’s a price to pay for that sort of companionship.
If you have cryptocurrency to burn through, then getting in touch with companies in Svalbard, Norway, to store your data in secure vaults to create a long-term ‘digital legacy’ that gets buried in the Arctic. They promise to keep your data safe for centuries to come.
If you’d rather live in the here and now more, then perhaps getting in touch with Vanuatu or other such countries that offer citizenship programs for investments is the best way to spend your crypto. This small island in the Pacific offers citizenship for Bitcoin through its approved brokers. It's a great exotic plan B for people who can afford such a luxury.
Whilst cloning your pet or traveling to space are more ridiculous ways of spending your crypto, there are other, much more mundane, yet equally surprising ways to use your cryptocurrencies. As crypto has started to embed itself in the wider economic market, an increasing number of companies are now accepting crypto payments for gift cards for hundreds of different brands. It is usually the more popular crypto assets that are accepted, but with the likes of BitPay (run by Bitcoin), users can now buy all sorts of different gift cards.
Insurance brokers have also gotten involved. Many are now offering an increasing scope for crypto payments. AXA announced in 2021 that they would accept Bitcoin, and Panda also reported in the same year that they would now accept Bitcoin for car insurance. Whilst these are less flashy ways of spending your crypto assets, they are pretty good and surprising, practical methods to spend those digital assets.
