Who Accepts Ethereum in 2022?
If you are an investor holding Ethereum and wondering how to spend this valuable digital asset to make purchases online, this article is just for you.
Ethereum went live in 2015, and now it is the second biggest cryptocurrency in terms of market share. It differs from its competitor Bitcoin in various aspects, such as transaction speed, investor aim, and security protocols.
Unlike Bitcoin, Ethereum is very fast. Its ability to confirm transactions is far superior to Bitcoin. The average time Bitcoin takes in receiving one confirmation is 10 minutes whereas Ethereum can do the same in less than a minute.
Moreover, Bitcoin transaction fees keep fluctuating a lot. It touched $50 in December 2017, a ridiculous amount. This resulted in many merchants and businesses closing their doors on Bitcoin as a payment method.
Many have the opinion that Ethereum may become the primary protocol in crypto because of the rise of general decentralized applications (dApps), non-fungible tokens (NFTs), decentralized finance (DeFi) apps, and numerous other protocols that manage to use Ethereum in a creative way.
Also, Ethereum is a decentralized platform where developers can build applications. Ethereum has its currency called Ether, an essential part of it. You can use it to pay for the services and products within this network the same way you can use the conventional currency. Below is a list of places where you can use Ethereum in 2022.
Travala is the world’s leading blockchain-based platform that enables users to make travel bookings with Ethereum. It offers 40% discounts compared to other mainstream platforms hence it has widespread popularity. Also, Travala’s native digital token is AVA, which you can use to make bookings, receive funds, or redeem loyalty rewards.
Plus, Travala also accepts fiat currencies via credit card payments.
You can use this platform to buy gift cards for all popular online stores and services using ETH.
Overstock allows users to purchase items using Ethereum. For shopping on Overstock using Ethereum, you need to go through the website and not the mobile app. You can spend your Ethereum here and have the delivery free to boot.
Snel.com delivers VPS hosting services and accepts Ethereum.
Cryptoart is a digital currency of physical form. Each piece is a hand-assembled limited edition Giclée print with the unique ability to securely store currency like Bitcoin.
6. Chicago Gem Shop
Chicago gem shop allows users to shop gems online with Ethereum.
7. 1000 EcoFarms
This is an online store where you can buy fresh farm products in ETH.
8. Sling TV
You can watch your favorite shows, movies and live sports on Sling TV. New subscribers can sign up for SlingTV and pay with Ethereum.
You can buy luxury watches, high fashion accessories and the latest trends in clothing and use Ethereum at checkout on Jomashop.
10. Dallas Mavericks
Buy tickets and Mavs gear with Ethereum. The Mavs were the first major league sports organization to accept cryptocurrency. The Sacramento Kings (NBA) and Carolina Hurricanes (NHL) are a few of the other sports teams that accept crypto through BitPay.
Ethereum is fast becoming one of the top cryptos used to buy real estate. Pacaso accepts cryptocurrency as a payment option for second-home purchases, making it the first second-home marketplace to enable payment with digital currency.
OpenSea is the world’s largest decentralized marketplace where you can buy NFTs using Ethereum. OpenSea gives you access to NFTs in the fields of art, music, and games. You will also be able to create your own NFTs and set up your profile – for which you would be charged a small fee in Ethereum. You can also choose to buy or sell NFTs using DAI and US dollars.
PayPal is a digital payment system that you can use to settle your online purchases. In March 2021, the company announced that its US-based users could start using cryptocurrencies to make payments. This feature is titled ‘Checkout with Crypto’ and is available for Ethereum, Bitcoin, Litecoin, and Bitcoin Cash.
You can choose Ethereum as your preferred digital currency and complete the payment. Moreover, there are no additional transaction fees charged when using the feature. You can only use the Ethereum coins that you have purchased via PayPal.
BitPay provides cryptocurrency payment services. And as of December 2021, the platform also lets you make real estate investments via Ethereum and other digital tokens.
Outside of private sellers, BitPay has also partnered with real estate groups across the world such as Pacaso and Condo.com.
BitPay also serves as an exchange allowing its users to turn Ethereum into cash to make their mortgage payments. The provider also offers crypto credit cards that you can use to convert your digital assets into US dollars to make purchases. You will be able to manage your card via the BitPay app and track the transaction in real-time.
AT&T is one of the biggest telecommunications companies in the world and the largest provider of mobile telephone services in the US. The company has entered into a partnership with BitPay in order to provide cryptocurrency payment options to its customers. AT&T integrated this feature in 2019 and became the first mobile carrier to accept Ethereum payments.
Currently, there is a multitude of platforms that accept Ethereum as a payment method. With the continuing growth of the Ethereum platform and all the decentralized applications that are made on it, Ethereum should continue to add to the growing number of companies accepting the influential crypto as a payment option.
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