A a platform called Bitrefill has made moves to allow users to pay for Netflix and Airbnb. So, this means you can pay your Netflix March 2019 subscription with crypto.
If you plan to take a vacation or renew your Netflix March 2019 subscription, this platform aims to make it easier. Bitrefill is a flexible platform that allows users to purchase such services with cryptocurrency. It works in 170 countries with at least 1,800 businesses. The platform has introduced a new service so its users can purchase Netflix and Airbnb gift cards.
These Airbnb cards from Bitrefil are gift cards that the platform facilitates purchases using cryptocurrencies like Ether, Bitcoin and Litecoin as well as other digital currencies. Presently, the gift card can only be redeemed by people residing in the U.S. they can only use a U.S based payment system. However, this won’t continue for long as additional support will be available for other countries in the future. The cards are valid for 28 nights at most, and they come in different denominations such as $25, $50 and $100.
Dash, Dogecoin and Lightning will also be used on the Bitrefill
Bitrefill released a statement about the integration of Netflix in a blog post. It reads,
“Great news — We’re excited to roll out support for a highly requested service: Netflix! Subscriptions with the world’s largest streaming service can now be purchased and renewed with Bitcoin, Lightning, Ethereum, Litecoin, Dash, and Dogecoin.”
This service for Netflix is only available for European Netflix users or U.S Netflix users. The gift cards are available in small and large denominations such as $25, $30 and $50. This only applies to U.S users. European customers can purchase gift cards in €15, €25, or €50.
Will this increase crypto adoption?
It may not be ideal to have to purchase a gift card to pay in crypto, but it is definitely a start for the crypto industry. There are several available services today that let crypto users spend crypto while helping the crypto community to gain extra support.
With time, more people will want to try out a stress-free method that allows them to use such services while in foreign countries. It can be difficult to use your local bank, and a crypto solution could be the best option in the circumstances.
Crypto Adoption Could Reduce Demand for US Dollar
Huobi Group CEO Leon Li met with senior Argentinian finance officials this week to discuss the role of blockchain and crypto in the country’s economy, according to a press release shared with Cointelegraph on March 29.
In a meeting in Beijing, Argentina’s Deputy Minister of Finance, Felix Martin Soto, claimed that the government should address crypto and blockchain tech as a way to promote Argentina’s financial inclusion and reduce state costs.
Soto, who leads Argentina’s international financial relations, explained that half of the country’s population does not have bank accounts and operate cash transactions by converting their savings to United States dollars.
Soto stated that he believes that promoting crypto industry in the country will help to reduce its demand for USD, which will eventually contribute to stabilizing the local market and attracting global investment.
In a delegation meeting that also included Argentina’s Director-General of the Bilateral External Finance Bureau, Javier Matias Mana, the parties also discussed a potential expansion of Chinese exchange Huobi to Argentina. Soto elaborated:
“We would like to learn how to participate in cryptocurrency and blockchain industry from Huobi. […] Through tokenization on Huobi’s platform, for example, Argentina’s plentiful agricultural, mineral and energy resources could be well financed by global investors.”
The finance official concluded that “[w]ith Huobi’s expertise in blockchain and cryptocurrency, Argentina can accelerate its pace to digital assets era.”
The news has followed a recent meeting between Argentina’s president, Mauricio Macri, and crypto investor and entrepreneur Tim Draper. The notorious crypto bull told the president that the legalization of Bitcoin (BTC) would improve the economic situation in the country. According to Draper, crypto and blockchain adoption in the country can disrupt major problems in Argentina’s economy, including the devaluation of the Argentine peso and the associated brain drain.
Founded in China in 2013, Huobi is a major global crypto exchange, currently ranked 12th largest globally by adjusted daily trading volume. Despite a massive bear market in 2018, the exchange recently reported a 100 percent growth in trading volume in 2018 over 2017.
However, recently, Huobi announced that Huobi’s Australian subsidiary will be operated by a team at Huobi Global’s Singapore headquarters due to poor market conditions and associated recent staff redundancies at Huobi Australia. Source: CoinTelegraph
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Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.
