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Bitcoin Black Friday: How to use virtual currency to buy real gifts


“As holiday deal-hunters pack the stores on Black Friday, a new breed of tech-savvy shopper will be at home, anonymously buying gifts with bitcoin.

Yes, the digital currency, the price of which broke above $1,000 for the first time on Wednesday, can be spent on many things besides black market drugs and other contraband, with which it’s been notoriously associated.

If you’re really feeling flush, you can use bitcoin to book that special someone a trip to space on Virgin Galactic. If that’s outside your budget, you can check out the first Bitcoin Black Friday where hundreds of merchants, as well as charities, will offer discounts on everything from warm alpaca socks to sticky caramels to a Motorola Moto X smartphone under the Christmas tree via a bitcoin community-sponsored website. In fact, you can use the peer-to-peer digital currency to even buy a Christmas tree.”

Via NBC News – link