I have been using the relatively new network at to blog and connect with people. It's based on blockchain technology…
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Need some fuel? Pay with Bitcoin!
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That's right, the things you can buy with Bitcoin are expanding! Did you know that you can purchase gasoline with…
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Need some fuel? Pay with Bitcoin!
3 minutes ago
jrcornel74 in bitcoin
That's right, the things you can buy with Bitcoin are expanding!
Did you know that you can purchase gasoline with Bitcoin, at least in some parts of the country?
Texas based oil and gas data company, Oilfield Intel LLC announced a few years ago that they would accept Bitcoin at their retail gas station. This marked the first in the industry to do so.
Then a few months later, the Cosmic Market in Greeley Colorado announced that they would be accepting Bitcoin at their retail gas station and also manually in their convenience store as well.
Those were exciting developments but haven't spurred much adoption up to this point.
The real exciting news comes from an inventor...
Andy Schroder invented a new way of purchasing fuel via Bitcoin.
He designed and built a fuel machine that allows customers to scan a QR code and send Bitcoin instead of using more traditional means of payment to fill up their vehicle.
If this were to catch on, it could change the entire way we as consumers obtain commodities that we use every day.
Schroder hopes to adapt his design to incorporate the new Lightning off-chain payments technology, which would allow for real time micro-payments which could take his payment idea mainstream. 