Shopping for Bitcoin: the present and future of the Crypto-currency in trade relations
The Crypto currency has already become so densely integrated into our lives that almost every Internet user knows what it is. But for those who do not know, we will explain.
Crypto currency is a special kind of digital currency, the creation and emission of which is regulated by cryptographic methods based on blocking technology.
The principle of the existence of the crypto currency differs from the classical national and international currencies. It is supported only by the computing power of computers.
Crypto currency is not dependent on the country, it can not be controlled by legal or economic methods - that's why it attracts so many investors.
How Bitcoin became a means of payment
Until 201? Bitcoin and other crypto-currencies could only be invested - it was difficult to buy something directly for them because of the lack of trading infrastructure for crypto-currencies.
In fact, it was a full-fledged means of payment from the very start, but only single entrepreneurs were willing to accept purchases at BTC. And here's why:
Crypto currency was not very stable - its course was accompanied by active and significant fluctuations. At the same time, there was no certainty that it could exist for a long time at all.
There was no adequate legislative basis for taxing purchases for Bitcoin. The tax could have questions. True, this question is still relevant for most modern countries.
It was unclear what to do next with BTC. The money invested in the crypto currency was difficult to put into circulation again.
And few people risked communicating with an untested payment system.
There were isolated cases of payment for services or goods using Bitcoin, but they were the exception to the rules.
In 201? a user laszlo posted on the forum an announcement about the purchase of a pair of pizzas for 1?000 Bitcoins. At that time it was about $ 50. He found a seller who had a deal.
For today this purchase is recognized as the most unsuccessful confirmed deal with the Bitcoins in the history of the crypto currency. With today's course (September, 2018), 1?000 Bitcoins would be worth $ 65 million.
In 2013 Bitcoin was not invested by so many businessmen, and even less connected its business with crypto-currency settlements. But some still relied on him. For example, Richard Branson, owner of a group of Virgin companies, was one of the first to announce that the services of his holding company can now be paid off by the Bitcoins.
Gradually, businessmen began to pay attention to the crypto currency and began investing in it. As early as 201? Bitcoin was noticed by such companies as Microsoft, Dell and eBay. Large business gradually explored the possibilities of crypto currency, but medium and small enterprises did not aspire to introduce new methods of payment.
The situation changed dramatically in 201? when Bitcoin showed just a huge increase - in November 2017 the price for 1 BTC reached almost $ 2?000.
Then many businessmen paid attention to him. Infrastructure Bitcoin was growing, and in the world there appeared more and more opportunities for purchases with the help of crypto currency.
In some countries, legislative bodies have paid attention to Bitcoin. For example, in Japan and the US today, it is a legitimate method of payment, equated to other currencies. But in some other countries, they try to limit it because of fears of too strong influence on the economy. So, for example, in early 201? China started the process of legislative prohibition Bitcoin, which did not have a good effect on his course.
What and where can I buy today for Bitcoin?
The legal status of Crypto-currency and Bitcoin in particular in different countries is very different. It directly depends on this, whether you can pay a crypt, for example, in a restaurant or in an online store.
Bitcoin has the most favorable conditions for the development of commodity infrastructure in the following countries:
The US - in the states Bitcoin is officially considered to be a decentralized virtual currency and is fully equated to the fancy money, for example, dollars or euros. That is, any individual or legal entity has the right to conduct purchases for Bitcoin and use it in any monetary transactions.
Japan - in 2016 a law was passed that considers Bitcoin a legitimate means of payment and fully equates it with other currencies.
Germany - here Bitcoin is not equated to the national currency, but has the status of "private money", with which you can conduct almost any operation.
Switzerland - Parliament of the Confederation legislatively approved Bitcoin as a foreign currency.
Norway - here BTC is recognized as an exchange-traded asset, not a currency. Formally, citizens can freely mignify, save and convert them into another currency, but trading operations are a bit complicated.
In most other countries Bitcoin does not have an official definition on the part of legislation - as in France, India, Ukraine and Russia. There is no direct prohibition on the exchange of BTC, but there are some difficulties with the tax legislation for legal entities.
And some countries, for example, China, legislatively restrict the possibility of exchange and trade Bitcoin.
But we will focus on the possibilities that Bitcoin offers today.
In Japan, payment by Bitcoins is implemented as widely as possible. In the country, approximately 26?000 enterprises that sell goods or services accept Bitcoin as payment. In this case, such enterprises exist in almost all areas of B2B and B2C. Japan is considered the most favorable country for working with the crypto currency.
In the US, the financial scheme involving crypto currency is implemented a little differently. Here there is simply a huge selection of goods and services for individuals, but here the legal entities prefer to pay in more traditional ways.
Here is a short list of what you can easily buy in the US for BTC:
The property. Very common sale and purchase of real estate for Bitcoins in Florida and California. Such transactions have already become the norm and do not cause confusion among developers and agencies.
In particular, an apartment for BTC can be purchased in New York. For example, the company Magnum Real Estate sells apartments and non-residential premises in Manhattan for crypto currency. The thing is that there are a lot of businessmen and investors in New York who invest money in the crypt, so the agencies try to adapt to the market.
But free to buy an apartment for a cue ball is possible only in large megacities. In small towns and small towns most agencies prefer dollars.
Techniques and clothes. The number of online stores that accept payment in Bitcoins is growing steadily. According to different data, there are 1000 to 9000 online stores in the US, where you can buy goods or services for crypto currency.
You can buy absolutely everything: from household appliances to branded clothes. The purchase of goods for crypto currency has become so common that many online boutiques do not even emphasize separately that they work with crypt.
Buyers are simply given a choice from the available payment system, among which there is BTC. Other crypto-currencies are less common, but many online stores have already begun to master, for example, Etherium and Litecoin.
My personal experience:
I myself have a Bitcoin purse, so I pay attention to shops where you can pay them.
It was pleasantly surprised that so many institutions offer such an opportunity. At the same time managers react to questions about Bitcoin quite normal.
According to my observations, about half of online stores, the services of which I often use, can be calculated "jam". It pleases, because I myself actively invest in Bitcoin and follow its development.
Services of restaurants and cafe. In public catering establishments, crypto currency became popular only after the development of secure mobile purses for its storage.
Now, in order to pay for the expense of the restaurant from your crypto-cheater, you just need to scan the QR-code from the check, which you brought the waiter. Everything is as simple and fast as possible.
Mass movement "bitkoinizatsii" cafes and restaurants began only in 201? and today not all have time to connect to it. But the trend is interesting, because it is still gaining momentum.
Best of all Bitcoin accept small local cafes and family restaurants. Many representatives of large networks test this opportunity in individual restaurants and cafes, but they do not yet launch massively.
And what about Russia?
In Russia, there is no formal ban on Bitcoin's turnover, but there are no mechanisms that will make it legal. The "suspended" status of the currency does not give a complete understanding of how to work with it in financial and accounting calculations, how to indicate it in the tax return, and whether it is necessary to do it at all. In general, everything is vague.
Until Russia legislatively determines the status of Bitcoin, the market will not grow. And there will be no normal infrastructure to spend these very Bitcoins. However, this state of affairs is now in the absolute majority of the countries of the world.
There are some entrepreneurs who wedge into the crypto-currency system, but there are very few of them, compared to their number in the US or Japan.
True, there is a separate category of businesses that are trying to change this situation. The project "The Second Passport" is also one of them. Not so long ago we launched a full-fledged support for BTC to pay for our services for individuals, and today we also offer the purchase of the second passport franchise for BTC, the first franchise of the immigration business in the world that can be bought for crypto currency.
On the franchise and the crypto currency:
I'll tell a little about the "Second Passport", so that it would be clear what we got ourselves into. "The second passport" is a global project on emigration, in which 50 countries are already participating.
Specialists of the "Second Passport" make not only documents for relocation and contribute to obtaining a visa, but also help to find a new place: rent an apartment, find a job, adapt to cultural and mental differences. In general, immigration is "turnkey".
We cooperate with more than 500 specialists in 50 countries of the world, which help in solving a wide range of issues related to immigration. We already have a number of branches in the post-Soviet countries, but my goal is to make moving to the country of dreams even more accessible, so we launched a franchise.
Immigration and travel agencies get contacts of all our partners in 50 countries and can work with them directly, and we receive a part of the profit of the franchisee.
How does this relate to the crypto currency? Straight. All because you can buy a franchise including Bitcoins. And more precisely, for one bitcoin.
According to my observations, we are the first immigration franchise in the world, which can be bought for crypto currency. And it's cool!
The future of the Crypto-currency in trade: probable scenarios
Current trends in the development of the Crypto-currency in trade and economic relations already allow making predictive predictions of what will happen to it in 5-10 years.
In some countries that have not yet decided on the status of BTC and other digital currencies, everything will depend on the specific political situation. For example, in Ukraine, two directly opposite laws are currently being developed: one requires the restriction of Bitcoin's turnover, and the other says that it equates to the status of fiat currencies.
While the crypto currency will not be legalized, it will hamper the development of its infrastructure. But it will not stop it completely.
In general, the world trends show that more and more European countries will equate Bitcoin to real currencies. In the EU, for example, a bill has already been adopted that exempts the conversion of BTC from VAT, and this is one of the first steps towards recognizing it equal in status to national currencies.
In the world there are more and more experts who are well versed in the economy of the crypto-currency, as well as investors who invest their money in them. Increasing the volume of the circulation of the crypt is a matter of time, and no legislative restrictions of individual countries will not be able to contain it.
Today, the capitalization of the crypto-currency market reaches $ 200 billion, and it continues to grow. As soon as the Crypto currency market stabilizes and stops fluctuating so much - and it needs to be calculated from 5 to 10 years - then Bitcoin and other digital currencies will become the usual way of paying for goods and services, as today are dollars and rubles.
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