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Home›Racing Car Setup›How to buy ideas online with cryptocurrency

How to buy ideas online with cryptocurrency

By Brent Suarez
May 26, 2021
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It can be difficult to determine whether bitcoin will rise or fall, but one thing we do know is that with a little creativity, consumers can buy an idea online with a cryptocurrency. Buying an idea might sound like a huge topic, but hear us out on this one. While there are more comprehensive listings available, this listing will highlight the unique diversity available in buying ideas, whether it’s an idea for a new vehicle or an invention.

Buy new vehicle ideas with concept cars

A concept car is a prototype that brands create to showcase a new style, new technology, or new idea for a motor vehicle. Some examples include:

  • Mercedes EQ Silver Arrow: A concept car idea that was inspired by its ancestors to create a 208-inch-long single-seater vehicle with an expandable rear.
  • Audi PB18 e-Tron: An innovative vehicle designed to run on electricity while maintaining the dynamics of the open wheel racing car.
  • Ferrari F80 Supercar Concept: A two-seater car that delivers 1,200 hp while retaining the classic Ferrari red frame.

Since these vehicles are considered luxury goods, they are often difficult to purchase. However, CryptoExchange.com has created a cryptocurrency marketplace that allows people to buy sports cars with Bitcoin. Once users find a concept car they like, they can add it to their virtual shopping cart. Depending on the cost of the vehicle, users also have the option to check with the platform’s secure deposit services.

Buy invention ideas

Alternatively, you might be looking to buy an idea for an invention. Unfortunately, there aren’t any big ideas platforms that accept bitcoin yet. But transactions are still possible. Buyers can use a platform called IdeaConnection to browse through expert “ideas” until they find a concept that might be worth paying for. While the platform does not directly accept bitcoin, users can agree directly with the seller and engage with a cryptocurrency escrow service to facilitate the transaction. Escrow services protect the rights of the buyer by acting as a neutral third party. Buyers can transfer funds to the middleman rather than directly to the seller. Several idea centers are also available to connect buyers with sellers. Any peer-to-peer transaction can become a bitcoin exchange as long as both parties accept this payment method.

Buy the services of an employee to generate an idea

Users can also decide to hire a worker who accepts bitcoin to develop an idea for them. Cryptojobslist has over 2,148 cryptocurrency jobs open and many enthusiastic employees. Buyers looking for an idea may decide to offer a temporary job to get expert help.

Buy marketing ideas

Rankworks is a digital marketing agency and industry leader in web design that recently announced that it will accept bitcoin payments. For those looking for ideas for their search engine optimization (SEO) strategies, Facebook Ads campaigns or concepts for social media can contact the agency.

Complete the transaction

Once you’ve located the platform on which to buy an idea, you might be wondering what the checkout process looks like. Buyers will need to send money to a seller’s bitcoin address, a combination of 34 digits of upper and lower case letters and random numbers. When a buyer sends cryptocurrency to someone else, your wallet creates this transaction output, which goes to the person you’re sending the coin to. The cryptocurrency network will record the transaction with your address as the input. The network will indicate the seller’s address as the transaction output.

If users engage with a cryptocurrency escrow service, they can choose to add the service at checkout or engage with the provider separately. Creating an account will require a username and password. Depending on the exchange, Know Your Client (KYC) compliance may also be a requirement. The Buyer and the Seller will determine the details of their transactions, including the type of payment. Then the escrow provider will hold the buyer’s funds until they receive the idea. Once the buyer receives the idea and indicates that they are satisfied with the outcome, the escrow agent will deposit the funds into the seller’s account.

Conclusion

While buying an idea online with cryptocurrency might take a bit of creativity, there are many platforms that support these transactions. As cryptocurrency continues to gain adoption, buyers can expect the variety of offerings to increase.

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