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Paying with bitcoin is now possible: understand!

Bitcoin payments are becoming more popular, so see here how they work, advantages and disadvantages of this type of operation and some places that accept this cryptocurrency as payment.

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Bitcoin payments: convenience and innovation are already part of stores and restaurants in Portugal

imagem com moedas de biitcoin douradas no centro
Learn how to pay with bitcoins. Source: Pexels.

Investing in cryptocurrencies has become increasingly acceptable around the world. This is because, despite being considered high-risk negotiations, many people already buy and sell these digital currencies with a long-term investment vision. And the best of all is that it is now possible to make payments with cryptocurrencies, especially Bitcoin. So, if you are thinking about investing or already investing in this crypto, see here how to pay with bitcoin.

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How to pay with bitcoin?

If you invest in cryptocurrencies, you must already be aware that yet another advantage is emerging in front of your eyes. If you haven't invested yet, perhaps now is the time to start thinking about it.

In Portugal, many stores, including restaurants, already accept Bitcoin as a form of payment. 

If before Bitcoin was just a mere long-term investment, with a lot of skepticism involved, today the asset is already useful in routine transactions.

And not only that, some athletes, employees of large companies and politicians already choose to receive part or all of their salaries in cryptocurrencies.

And even if you don't receive your salary in crypto assets yet, you can convert from digital wallets.

Despite being a volatile and still vulnerable market, this acceptance of receiving or paying in Bitcoin or another currency has pressured companies to rethink their ways of receiving payments from their customers.

In Lisbon, for example, there is already a ramen restaurant that accepts payment in cryptocurrency. So, just have the asset in your digital wallet. In turn, the restaurant has software that converts currency into cryptocurrency in real time.

Finally, bill payment is made using a generated QR Code. Simple, practical and fast. Innovation and convenience end up being attractive to companies and the public.

Currently, this same restaurant payment process in Lisbon can be found in the hotel and retail sector.

You can even pay a law firm's fees with Bitcoin.

Understand more about how paying with bitcoin works

But, see, understanding the risks is also fundamental, in addition to the gains. Because you need to have cryptocurrencies and an active digital wallet to make payments. Binance brokerage, for example, provides a card, while others may allow the use of QR Code for payments.

This all involves research, understanding the market and your own risk tolerance. 

Furthermore, you need to know which companies and stores accept this type of transaction, in addition to choosing the best broker for your digital assets.

For this, there are search sites like CoinMap.org, which show you businesses that already accept Bitcoin according to your geographic location.

Once you have the right wallet, which suits your needs, budget and profile, it is important to search for places that accept payment in Bitcoin, whether by card or QR Code.

In Portugal, there are already more than 55 establishments, including restaurants, hotels and shops. Xiaomi is one of them. Through a partnership with a fintech, the technological device brand already accepts Bitcoin as a form of payment.

Benefits 

  • Bitcoin payments are agility;
  • Many product and service establishments accept Bitcoin as a form of payment;
  • In addition to having it as a long-term investment, accepting Bitcoin as payment allows you to use it routinely.

Disadvantages

  • Even though it is not illegal, this alternative payment method is not regulated, which means that the entities involved are not under supervision;
  • The cryptocurrency market is still extremely volatile and susceptible to scams. 

What can I pay with bitcoin and cryptocurrencies in Portugal?

Imagem com fundo preto e 3 criptomoedas ao centro
It is now possible to pay for meals and hotels with bitcoins. Source: Pexels.

After analyzing the risks, and being aware of market volatility, making payments with cryptoactives can be a good alternative, especially for those who already invest.

See now everything you can pay with Bitcoin and other cryptocurrencies in Portugal.

Meals

As previously mentioned, there are restaurants in Portugal that already accept Bitcoin and other cryptocurrencies as a form of bill payment.

You can enjoy ramen in Lisbon, or even a barbecue in the city of Porto.

These restaurants accept QR Code or broker card. But it is important to make sure first what type of technology they have available at the establishment.

Hotels

As a way of attracting tourists, the Portuguese hotel chain is taking a step forward. In other words, there is no shortage of innovation.

To this end, it aligns its services with the acceptance of cryptocurrencies as a form of payment. So, if you are Portuguese, you can enjoy the benefits of this type of convenience in your own country.

Electronic products

Currently, Xiaomi is one of the biggest names in electronic devices in the world, especially cell phones.

And in Portugal, you can now access the online store and purchase your new device using your Bitcoins. Not only that, but the Chinese company also accepts other cryptocurrencies such as Ether.

So, if you need an electronic device, accessing online stores in this field can be a good idea if you already invest in cryptocurrencies.

Gift cards

Finally, you can also purchase gift cards through Bitcoin. This type of service is very useful especially when you want to buy from Amazon or iTunes, for example.

So, if you haven't invested in bitcoins yet, but want to start, see below how to join the eToro brokerage! This way, you will start buying and selling cryptocurrencies and will officially be a person who invests in crypto!

Logotipo corretora eToro fundo verde letra E com chifres de touro

How to join the eToro broker?

So see how simple and quick it is to join the eToro broker and start trading your assets with confidence and security.

About the author  /  Aline Augusto

My name is Aline Mesquita, I'm a writer here on the blog, where I write about finance in general, as well as other topics. I have been working with content creation for 10 years, with a postgraduate degree in Project Management, with expertise in SEO practices, in addition to studying finance, market trends and cryptocurrencies.

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