Bitcoin is being used both as a currency and a commodity in daily life, being a dynamic monetary asset. In 2021, El Salvador declared Bitcoin a legal tender and it has been classified as a commodity by the Securities and Exchange Commission (SEC). Thus, this makes Bitcoin both a medium of exchange and a store of value.
The users can add Bitcoin as a treasury to their wallets as a shield against inflation. In addition to that, it can be used for paying expenses in daily life for retail purposes. Lazlo Hanyecz was the very first person who used Bitcoin to carry out a business transaction almost a decade ago. He used nearly 10,000 bitcoins to buy two pizzas, referred to as crypto pizzas by the crypto industry.
However, in the present era, customers do not have to pay this large amount in order to buy any commodity. Now people have realized the worth and importance of each and every product related to Bitcoin. Bills can be paid using cryptocurrency by the users directly from their crypto wallets or by making an online crypto payment gateway through a payment processor.
Here is a comprehensive guide article for the users explaining how food can be bought using Bitcoins. It will describe all the possible options for the users, including crypto food delivery portals, crypto gift cards, crypto debit cards, etc., that can be used to buy meals using cryptocurrency.
How Can Cryptocurrencies Be Used to Buy Food?
Depending on the needs and interests of the users, Bitcoin can be used to buy food by adopting multiple methods. Here are given the most commonly used ways that can be conveniently used by people to order their meals.
- By using crypto cards
Crypto cards are similar to credit cards and debit cards used in daily life. However, using these cards, the user is allowed to make payments through crypto. Using these cards, the amount of crypto used is deducted from the user’s wallet, and the merchant receives it in the form of fiat on the other end.
The users do not have to look for outlets that accept payments in crypto, and they can conveniently pay their daily bills through crypto. In addition to that, there are several mobile applications offered by different companies dealing with crypto cards. This has made payments through Bitcoin easier for customers present anywhere in the world
- By using crypto gift cards
Using cryptocurrencies, several gift cards can be purchased by customers that can be used for buying food and carrying out delivery services. The bills can be paid in digital currencies later on by redeeming those gift cards.
Crypto gift cards provide participation opportunities to customers and merchants by providing them with sale and purchase facilities. The user can easily choose the company dealing with gift cards according to his needs and requirement from the various options available in the market.
- By crypto food delivery portals
Several food and beverage outlets all across the region are connected to various crypto food delivery sites. This works similarly to an application or website where food is ordered from nearby restaurants. Then the payment is made through crypto using the online platform instead of paying the delivery boy.
How Can Food be Bought Using a Crypto Card?
In the physical world, Bitcoin transactions can be carried out for several items using crypto cards. However, to spend bitcoin on daily life items such as food using the crypto card, here are some simple steps that need to be followed by the users.
- Firstly, in addition to a merchant account, the customer has to set up a digital wallet. There are a number of digital cards that are present in the market. Considering the needs and budget, it is vital to carry out detailed research before choosing one among all the options available.
- The user needs to download the application and fulfill the Know Your Customer (KYC) requirements to sign up. After that, he has to register for the card and create an account with the provider. This will provide access to the user to use his funds in order to buy anything online or at the store.
- In addition to making schedules related to regular deposits in their accounts, the spending limits can also be set up by the user.
Cryptocurrency can be converted to fiat currency using almost all crypto cards. However, it is vital that one should choose a crypto card that suits his trading goals. Some users seek yielding services, while others are interested in getting cash-back rewards.
There are certain cards that operate as purchase reward cards that suit the people who go shopping regularly. These cards help users to earn money as a result of every purchase they make. Moreover, the users can also earn interest over the crypto kept in their wallet using some cards.
It is essential to notice that the card supports multiple coins before choosing a card. Several different cryptocurrencies should be supported by the crypto card that may, include Ether, Litecoin, Bitcoin, etc., and many others.
There are many reputable companies, such as Gemini and BlockFi, that offer crypto credit cards for their customers. On the other hand, there are certain companies that offer debit cards too that utilize cryptocurrencies. These companies may include BitPay, Visa Card, Binance, Block Card, Crypto.com, and Coinbase.
What is a Crypto Gift Card?
A crypto gift card is a money card that contains a prepaid money value associated with it and is often termed a voucher or gift card. The value of money related to the card is usually issued by brands such as Domino’s, Burger King, Roadhouse, Chipotle, Uber Eats, etc. In order to pay for an order within the location of the store or over any retail website, these gift cards can be used instead of cash or credit cards.
Gifts can be utilized at the stores as they are integrated with a PIN code, barcode, or QR system. At the time of payment, the customer has to show the PIN code associated with the gift card to the cashier or scan the QR code or the barcode to complete the transaction.
How Food Can be Bought Using a Crypto Gift Card?
Crypto gift cards contain digital funds that can be utilized at any retail store or restaurant. Using crypto gift cards, customers can conveniently spend their crypto savings. These cards can be used easily and in a straightforward manner for buying food. The customer has to follow some simple steps in order to use the crypto gift card.
- It is essential that one should choose a platform that has had positive reviews from customers in the past. Moreover, look for traders that offer discounts on their platform too.
- After choosing the service provider, the customer must sign up for his account.
- After the user makes the required payment, he receives his gift card.
- The gift can then be redeemed by the customer in the future again visiting the website and putting all the information that is given on the card.
There are certain brands, such as Walmart and Amazon, that allow payments through gift cards but do not allow Bitcoin directly. The users may also use Bitrefill, which will facilitate them in making payments for food now in Bitcoins through a crypto gift card. Bitrefill is a website that operates in 170 different countries, providing its services for over more than 1600 products. These services may include Bitcoin Lightning Network services, prepaid mobile recharge, and gift cards.
Places to Buy Food with Crypto Gift Card
Here are some of the grocery stores, restaurants, and food delivery services that can be accessed by the customers using their crypto gift cards to pay in Bitcoin or any other alternate currency.
- Starbucks Gift Card
The gift card issued by Starbucks can help customers to buy their coffee and enjoy it with their family or friends. The users can buy the menu at the outlet using Bitcoin, dogecoin, Ether, or any other cryptocurrency permitted by the company.
- Chipotle Gift Card
It is a trendy restaurant that deals with fast food. The gift card issued by Chipotle can be used conveniently in order to buy food at any time.
- GrubHub Gift Card
GrubHub is a platform that offers a convenient and fast service to its customers by joining together almost more than 300000 restaurants all across the United States. One can also gift the GrubHub gift card to his family or friends and let them enjoy the meals there.
- Uber Eats Gift Card
The users can enjoy the menu Uber Eats offers by funding their accounts with cryptocurrency. The Uber Eats account allows customers to enjoy food by getting it delivered to their homes conveniently.
- Deliveroo Gift Card
The Deliveroo application is another secure and convenient food delivery service that has been facilitating its customers for a long time. The application also offers a facility for its users categorized as “Our Picks” that contains recommendations by the experts, making it easier for customers to choose a cuisine or meal. Users can pay for their meals using the gift card issued by Deliveroo.
- Walmart Gift Card
Walmart provides an all-in-one opportunity for its customers. The customers can buy snacks, all sorts of kitchen ingredients, and even gadgets required in the kitchen. Walmart gift card helps customers in buying things for preparing the meal all under one roof.
- Rewe Gift Card
Rewe is known among some of the most popular supermarkets located in Germany. A Rewe gift card is an excellent choice for customers as it can help buy products from the considerable collection offered. Moreover, the customers claim to have a convenient online shopping experience and that the prices of their products are pretty reasonable. This gift card can be purchased using Bitcoin or any other cryptocurrency with CoinGate support.
- DoorDash Gift Card
DoorDash gift cards offer several opportunities to their customers. The user has to buy a DoorDash gift card, and he can order any kind of food from the outlets near his location using that voucher. The platform keeps on doing new experiments with its menu, allowing customers to enjoy new things.
- Carrefour Gift Card
Carrefour is enlisted among some of the largest market chains operating all around the globe. The platform sells groceries with the same brand name and offers good quality products and goods to its customers. Carrefour gift cards provide a lot of convenience and comfort to customers allowing them to get all daily life products under one roof.
- Just Eat Gift Card
Just Eat is one of the leading platforms in the United Kingdom. It joins together almost more than 30,000 restaurants that offer fast food to their customers, such as burgers, pizza, sushi, salads, etc. Using the Just Eat gift card, customers can order food from their favorite restaurant and pay the bill in crypto from home.
How to Use Crypto Food Delivery Portals?
Crypto food delivery portals are almost similar to crypto gift cards. Both of them are used to connect the traders to the users, which allows them to utilize crypto services for payments. In addition to that, the procedure of using the crypto food delivery portals is also the same as the crypto gift cards. The user has to sign up after choosing the correct platform and then transfer funds into his wallet.
Moreover, different options are offered to the customers where they can buy food via the crypto delivery portal. Payments can be conveniently made in crypto using the crypto delivery portals when one needs to purchase food through crypto or wants to do the groceries through a crypto credit card to pay in cryptocurrency.
There are platforms all around the globe that allow users to order food directly from restaurants and then make payments in crypto. Some of these platforms include Eats 24/7 in Canada, BiteMyCoin in Australia, Sprigz in the United States, and Hungry? in the United Kingdom. Unlike usual ways of ordering food through restaurants, these platforms provide an alternate way for customers to buy food via crypto.
Ways to Get Food Using Bitcoin
Bitcoin can be used by the holders in multiple ways to get food from restaurants and farms or even order it while sitting at home. Here is how Bitcoin holders can use the currency to buy food.
- While Roaming on Streets
In the United Kingdom, Burger Bear is one of the commonly known street vendors that allows customers to pay in Bitcoin. Similarly, in the United States, Cheese Wizards in Seattle and Peruvian Brothers in Washington DC are some of the popular food truck services that have allowed their customers to pay in Bitcoin lately.
- At the Farms
There is no alternative to the food got directly from the farms. The La Nay Ferme farm offers the residents of Provo, Utah, to buy fruits and vegetables straight from the farms after paying in Bitcoins. It is upon the feasibility of the customers that they purchase their share weekly or pick the fresh fruits and vegetables on their own.
- While Sitting in the House
There are many websites, such as Takeaway.com, that offer customers to order food online and pay in Bitcoins. Similarly, in the United States, the website named Foodler is also providing its online service by joining more than 12,000 restaurants and accepting payment in Bitcoins since the start of April this year.
Is it OK to Buy Food Through Crypto?
No expert or professional in the crypto market gives a direct answer to this question of whether crypto should be used to buy food or not. There are both advantages and disadvantages associated with making food purchases through cryptocurrencies.
As crypto transactions are straightforward and quick, this provides the most significant benefit to the users. Moreover, the history of these transactions can be easily traced as they are recorded over the blockchain. In addition to that, buying meals through crypto also eliminates the requirement of any mediating body, such as a bank. It allows the customer to connect to the trader to make payments directly.
On the other hand, the most significant danger associated with crypto payments is the fear of scams or cybercrimes. Moreover, the volatility of these digital assets also makes it difficult for customers to carry out transactions using crypto. Therefore, it is essential for the customers to carry out research thoroughly about all aspects before shifting to crypto as a medium of payment in daily life.
Conclusion
Bitcoin holds the potential to revolutionize the digital world and even replace fiat money in the upcoming years. This cryptocurrency is slowly and gradually taking over the global economy and providing an alternative to traditional money. Currently, it has enabled people to order food from their favorite restaurants and pay in crypto.
Although it has provided a lot of convenience to customers, at the same time, there are certain risks attached to crypto that must be kept in mind before shifting to crypto payments.
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