As cryptocurrency has become mainstream, more and more crypto owners are emerging daily. As a result, the decentralized nature of such currency is no longer appealing only to tech enthusiasts but to other discerning individuals. Naturally, many are interested in spending their money beyond just investing, with expenditure on material goods gaining the most appeal. While every day retailers have yet to adopt crypto-friendly payment methods, there are a number of luxury brands where you can spend your coins.
Before delving into the luxury items you can purchase with cryptocurrency, it is essential to note that you can spend your earnings in other ways. For one, several online crypto casinos offer players the juiciest bonuses, smoothest customer support, and fresh new games. These allow players to gamble with cryptocurrency, which can also help maintain anonymity and increase security, with many great options available (source: https://99bitcoins.com/best-bitcoin-casino/). Additionally, crypto owners can also use the currency for charity donations, traveling, gift card purchasing, and traditional video games.
Moving on to those luxury items, have you ever considered driving your wealth? That is correct, many dealerships accept cryptocurrency payments, especially for luxury car brands such as Tesla, Lamborghini, Ferrari, Bentley, and Rolls-Royce. There are even dedicated dealerships that cater directly to crypto owners, such as Post Oak Motor Cars and BitCars. An added benefit of this approach is bypassing traditional banking hurdles while still ensuring your privacy. Moreover, you can drive your vehicle off the lot the same day, as crypto payments are instant, so there is no waiting time as with traditional banks.
Similarly, platforms such as Bithome and RealOpen have opened up a new market to crypto owners in the form of real estate. This means cryptocurrency can now be used to buy high-end or luxury properties worldwide. In terms of convenience, purchasing a property with crypto means less admin for the buyer as there are reduced fees, enhanced privacy, and fast closings. This trend is especially flourishing in European countries and locations known for luxury, such as Miami and Dubai. For crypto owners who would rather purchase real estate with fiat currency, most services allow for crypto-to-fiat conversions.
Purchasing high-end watches with crypto is possible for those not looking to commit to a car or property but wanting smaller luxury products. Retailers such as BitDials and Kronos 360 have opened up a new market to crypto owners, wherein they can buy luxury brands such as Rolex, Audemars Piguet, and Patek Philippe. These high-value timepieces can be delivered to your door, as these platforms stand as the world’s first crypto-only online luxury platforms. Not only can you get your favorite coveted brand, but you are also offered timeliness and convenience.
Finally, for art enthusiasts, art houses such as Sotheby’s and Galeries Bartoux have begun accepting crypto payments. Of course, this marks an intersection between crypto and the art world, as owners can purchase digital and physical pieces. This creates an investment opportunity and gives crypto owners reselling prowess in a digital age. Such developments indicate a shift in how luxury brands and retailers are evolving, prioritizing ease and discretion. Looking forward could see the emergence of more luxury retailers capitalizing on such a niche market, alongside the enticement of new crypto investors.
