In the fifteen years since cryptocurrencies were launched, they have experienced some truly impressive highs and some catastrophic lows, but we appear to be at a point in time where businesses are beginning to accept the most popular cryptocurrencies as a genuine alternative to fiat currencies.
The many benefits of a decentralised currency have helped the likes of Bitcoin, Ethereum, and Tethera achieve a level of trust among consumers and businesses.
While crypto is still viewed as a volatile digital asset, it is much more than just an investment opportunity for the tech-savvy.
As the UK’s biggest and most cosmopolitan city, London has embraced cryptocurrencies in a way that leaves others trailing in its wake. Take a look at some of the best ways that you can use crypto in London below.
Accommodation
There are always a lot of factors that go into booking accommodation in London, including amenities, location, availability, and budget. Most hotels will only accept traditional payment methods, but there are some options available to crypto users.
As one of the world’s leading hotel chains, Radisson is a great option for travellers who want to use cryptocurrencies for booking a hotel room. Alternatively, those looking for a budget trip can consider Clink78.
Clink78 is a youth hostel located in the heart of London and just 10 minutes from King’s Cross Station. The former Victorian courthouse is an interesting location, while Clink261 is another option on Grays Inn Road.
Entertainment
Every year millions of people visit London for its great variety of things to see and do. The world-famous public transport system that includes state-of-the-art red busses and the Tube gets visitors and locals all over the city, but it can take a bit of time to get around.
Turning your travel into an entertaining trip can be easier than you would think thanks to Bitcoin casino operators. Mobile device users will be able to access the latest casino technology on the move and will have the opportunity to potentially add to their spending money if their gambling session is successful.
When you get to your destination, there is also a good chance that you will be able to use your cryptocurrency there as well with the likes of Dadiani Fine Art Gallery in Mayfair accepting a selection of top cryptocurrencies.
Theatregoers can also enjoy tickets to the latest shows via London Theatre Direct which became the first ticket agency in the world to accept Bitcoin back in 2014.
Travel
As we already mentioned, London is famous for its underground train network and fleet of red busses that help visitors and commuters get around the city. Another transportation method that London is known for is its black cabs.
One man who spotted a gap in the market for crypto customers is the Crypto Cabbie Dave Jenkins who runs the Bitcoin Black Cab. This allows customers to travel around the city and pay using Bitcoin.
Travelling to and from London by air or rail is also possible with cryptocurrencies, with a selection of travel sites accepting this form of payment. Travala.com and Alternative Airlines are just two options available to those looking to visit London.
Food and Drink
One thing that London is not short on is restaurants, bars, cafes, and other locations where consumers can eat and drink until their hearts are content. This great selection of competing businesses is great news for the public with an extensive choice of themes and cuisines, it also means that there are lots of different payment options too.
BrewDog’s unique bars provide connoisseurs with a selection of craft beers and a great menu. There are a few London locations to choose from including Seven Dials, Chancery Lane, and Shoreditch.
For a more laid-back atmosphere, you might want to visit the Sawmill Cafe and Bakery on West Ham Lane. Enjoy their signature Sawmill coffee blend, full English Breakfasts, and a selection of great sweet and savoury snacks.
If you crave a simple menu with burgers, fries, and milkshakes, Crypto Burgers is the place for you. Located in West Kensington, this affordable option specialises in catering to crypto users and their Bitcoin Burger is to die for.
These are just a few of the options available, and a deeper dive will reveal great locations like Nincomsoup and The Pembury Tavern among others that all accept cryptocurrencies.
Shopping
Whether you want to explore the winding sidestreets for one-of-a-kind boutiques, hit the high streets for affordable fashion, or shop high-end fashion brands, London has it all.
Some stores offer consumers the opportunity of paying using cryptocurrency including Off White and Philipp Plein of Mayfair. The more discerning shopper might also want to visit Artefact London for a bespoke tailoring experience.
Other huge brands that now accept crypto and can be found in London include Gucci, Balenciaga, TAG Heuer, and Ralph Lauren.
Join the Property Market
If you ever want to surprise yourself with how crazy the property market in the UK can be, just search for flats and houses in London. The prices are enough to scare most regular workers away, but there will be some that want to live in this exciting city, and that can afford it.
Buying property with Bitcoin won’t be for everyone, but it could be an option available to those lucky enough to invest early. The first house sold for Bitcoin took place in 2017, and while the list of properties available for crypto sales is relatively limited, more homeowners could be open to negotiations.
Buyers can either find homeowners that will accept crypto, or use a third party to buy your crypto for cash which can then be used.
Conclusion
Our list of shopping, travel, crypto gambling, and fine dining are just some of the options available to crypto users in London and is likely to keep growing. Cosmetics shops, tattoo parlours, electronics stores, and leisure activities can also be paid for using cryptocurrencies, making London a prime location for people who have backed cryptocurrencies.
