You can use Bitcoins to purchase things from people who accept Bitcoin as a form of payment.
You might be thinking ,why should I care? well its all about the Money! if places like subway are accepting Bitcoins you know its time to wise up. As these coins are digital, they can be transferred over the internet with minimal or no fees or currency transaction costs. Basically you can think of bitcoins like tokens that can be used for peer to peer barter. Obviously the peers need to be willing to part with their services or goods in exchange for Bitcoins, with the confidence that the same can be used to acquire products or services from other suppliers.
Emerging Usage Initially, it was only accepted by very tech-savvy websites. Unfortunately, early on some of these were less than reputable by nature, which led to some bad press about Bitcoins. However Bitcoin is fast becoming mainstream , everyone has at least heard of Bitcoins, even if they do not fully understand it. The more main stream it becomes the more real world applications emerge.
Today an ever increasing number of online stores are starting to accept Bitcoins.
This includes some of the major gift-card retailers, which means you can (in a sense) use Bitcoins to pay for items from any number of stores that don’t directly take the currency. There are now ATMs that will dispense local cash converted from Bitcoin accounts.You can find them in many countries. The first ATM was launched in Canada in October in 2013, and more recently the first such ATM in Australia was launched in Sydney.
Bitcoin debit cards are widely available and accepted
There are also a number of apps that allow websites to accept donations or tips in Bitcoin from. You can even apply and obtain Bitcoin debit cards tied to your bitcoin wallet.
• On March 21, 2013, the market capitalization of Bitcoin rose to $1 Billion and in April 2013, the value went beyond $100 across MtGox as well as other exchanges.(MtGox is now defunct)
• From pizza to space travel? Yes, from November 22, 2013 onwards you can buy a seat on Virgin Galactic the space travel offshoot owned by Richard Branson , using Bitcoins. In fact the list of goods and services you can buy with bitcoins could conceivable outpace traditional forms of payment everywhere worldwide, this is truly mind-boggling. Just take a look at sites likes https://spendbitcoins.com/places/
Its no wonder Governments world wide have begun to take notice of the fact, that here is an alternative currency they cannot control!