Kelly Robertson
We are all reading about Bitcoin’s meteoric rise but that’s just one piece of the puzzle. The second, arguably more important piece, deals with its acceptance. After all, what’s cryptocurrency good for if you have a limited number of merchants accepting it as a valid payment method.
So we are always glad to learn that some major company decided to take the “crypto route” and allow its customers to pay with their bitcoins, ether and other digital currencies. And guess who’s joining the game?
Craigslist cryptocurrency payment option coming soon
The popular US-based classified ads platforms has perhaps inadvertently given a sneak peak of its intention to allow sellers to accept cryptocurrencies as an official payment method.
As you can see from the screenshot below — which was discovered by a member of an online Bitcoin community on December 8th and which we’ve got from CoinTelegraph — the new “Cryptocurrency Ok” option may be soon added to the site.
It is, however, unclear when will Craigslist introduce that option, but from what we can tell — that could happen sooner rather than later. Perhaps they want first to test it out with a limited audience and only later roll it out across the site.
Craigslist is the 106th most popular website according to Alexa, so their decision to add support for cryptocurrency is important, and could play an important role in the wider community and their efforts to bring digital currencies to the mainstream users.
The number of merchants accepting Bitcoin keeps growing…
And the fact that the cryptocurrency has experienced a meteoric growth certainly has something to do with that.
Beyond digital products and services, you can now buy computers and other physical goods with your Bitcoin. For instance, founders of Aston Plasza and Residences, a $335 million apartment complex in Dubai, have recently announced they will sell their apartments, starting at $133,918, in Bitcoin.
“Being a designer for 21 years, it’s a real passion of mine as the design side, and it’s great to be partnering up together as well to launch this. And this is the first major global development where you can purchase in Bitcoin,” Aston Plaza and Residences founder Michelle Mone said. “Previously there’s been an apartment here and there’s been a house here and there, but never a £250 million development, so it’s really exciting to be involved in.”
…but the number of transactions isn’t growing
This is because Bitcoin continues to evolve into the premier store of value and safe haven asset. Today, most people would rather buy and hold their Bitcoin than spend it. They have seen their digital assets grow and can’t but imagine it growing even more.
Everyone knows this rally won’t last forever, but no one can predict when it will end. We thought it will hit $5,000 by the end of this year, but we obviously missed the mark. And this time ’round, we’re glad we did.
