The Rise of Cryptocurrency Spending This Holiday Season

Are We Ready for a Crypto Christmas?

Ah, the holiday season! A time for family, friends, and the exuberant spirit of spending — but this year, there’s a twist. Cryptocurrency adoption is creeping, like a cat burglar, into mainstream culture, and this holiday season, it’s ready to crash your party. Major players like PayPal are waving the digital currency flag, and crypto holders are just waiting to unwrap their shiny (virtual) coins.

Cryptocurrency Users: The Lavish Spenders

If you thought your Uncle Jerry was the king of overspending on presents, wait until you see cryptocurrency users. According to a recent report from Forrester in collaboration with BitPay, these crypto enthusiasts are not just dipping their toes into festive spending; they’re diving in headfirst. With an average order value sitting pretty at $450, compared to about $200 for non-crypto users, they’re out to show the world who’s boss this holiday season.

Black Friday: A Crypto Carnival

Mark your calendars, folks, because Black Friday is no longer just for your average bargain hunter. Merrick Theobald from BitPay hints that with a rising Bitcoin price and enticing holiday deals, Black Friday will be a bonanza for digital currency users. Retailers across the board are tempting shoppers with exclusive Bitcoin discounts. Jewelry, electronics — they’re all jumping on the bandwagon (or sleigh!) to accept crypto payments.

• Ace Jewelers offers a whopping 20% off for BitPay users with the code “BF2020BitP@y.”
• Newegg Australia and Hong Kong are dishing out discounts for online purchases made with crypto.
• Even Cointelegraph has upped the ante with a 20% discount on its Bitcoin-themed merchandise!

Get Bitcoin Back While You Shop

If you’re going to splurge, why not earn some Bitcoin back while you’re at it? Lolli, a site that gives you Bitcoin rewards for shopping, is ramping things up this Black Friday. They’ve teamed up with over a thousand retailers to offer up to 30% back in Bitcoin. Alex Adelman, the CEO, indicated that retailers are even bumping up their rewards for the occasion!

International Flavor: Dash Deals Galore

We’re not stopping domestically, though! Down in Venezuela, Church’s Chicken is throwing in a unique offer for Dash users. With the Black Friday spirit alive, they provided combo meals only available for those courageous enough to use Dash. It’s like a fast-food fiesta, and they pulled in 800 customers who jumped on the chance!

New Year, New Wallets? Don’t Forget the Discounts!

To cap off this crypto fest, wallet providers are also getting in on Black Friday. Ledger is handing out 40% discounts on their Nano hardware wallets. After all, a wise shopper secures their funds as they snag Holiday deals. Plus, NFT enthusiasts can scoop up collectible digital artwork at 50% off. It’s the right time to dive into the crypto ocean.