About a month ago I wrote about my decision to take the plunge and ditch my bank account to go all Bitcoin. I got a bunch of responses, mostly either telling me I’m crazy or wishing they were hardcore enough to quit banking cold-turkey like I did. Among the dozens of questions I received was the big one, likely the very issue holding back cryptocurrency lovers and central banking haters alike from dumping the banks for good: how do you pay for stuff if very few places take Bitcoin these days?
Now, there are some places that take Bitcoin directly, especially in New Hampshire. Purse.io allows you to buy anything off of Amazon.com for 5% or more off with Bitcoin, which covers an enormous spectrum of stuff, including some groceries and gas cards, meaning you can fill your car up on Bitcoin. For most of the rest there are gift card services that take Bitcoin for instant gift cards you can use at chains all over the country. For everything else there’s Bitcoin debit cards. [Read more…]