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Should You Spend Your Bitcoin? You Can With BitPay Prepaid Mastercard
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February 24, 2022
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1:48Now PlayingCan you buy stuff with crypto? Check out the video to learn more.
Welcome back to Bold TV with David Grasso. Be sure to like, comment, and subscribe to Bold TV for all things Bold.
The answer is a resounding yes, and it's a lot more than you might expect. So, in 2010, a computer programmer spent 10,000 bitcoins for two delivery pizzas, and this was considered one of the first bitcoin transactions, and it was critical in legitimizing cryptocurrency.
That quantity of bitcoin is now valued at roughly $379 million. That was a hefty pizza bill. Today, the simplest way to buy items using cryptocurrency is to convert it into cash. The BitPay card is one option. It's a prepaid Mastercard that allows users to convert bitcoin to fiat currency or whatever currency they use where they live, such as the dollar, peso, pound, and so on.
So you put that money on a card that you can use anyplace. Mastercard debit cards are accepted all across the world. Customers can also withdraw cash from ATMs using their BitPay cards. The BitPay card acts as a link between real and virtual currencies.
Some businesses are now accepting bitcoin directly. They're largely tech sites like Newegg, AT&T, and Microsoft, but this raises the question of whether you should spend your crypto. Last year, crypto values famously fluctuated all over the place.
Bitcoin has hit a new high of $69,000. Bitcoin is currently worth roughly $37,000 at the time of recording. It's easy to see why people would want to put their money to good use while they're still ahead. Many others, on the other hand, may come to regret using their cryptocurrency too soon.
Have you spent any crypto? Let us know what you think in the comments below!
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