Back to Blog
February 19, 2024

Which Cryptos Can Be Used for Payments?

Ever found yourself wondering which of your beloved digital coins you can actually spend? Today, we’re diving deep into the world of crypto payments. Let’s get our digital wallets ready and explore!

1. Bitcoin (BTC) – The Pioneer

The journey began with Bitcoin, the first cryptocurrency created by the mysterious Satoshi Nakamoto. This pioneering digital currency is no longer just a store of value but also a widely accepted payment option, from online stores to cafes. In this evolution, the Lightning Network has emerged as a scaling solution for Bitcoin, enabling faster and more cost-effective transactions by establishing payment channels off the main blockchain. Through the use of smart contracts, it facilitates instant exchanges between users.

2. Ethereum (ETH) – More than Just Money

Although Ethereum's primary function is not to be a payment currency, its versatility allows you to spend ETH in many places. Moreover, with the rise of decentralized finance (DeFi) and NFTs, Ethereum has solidified its position in the cryptocurrency spotlight. As a result, many merchants, especially in the technology and art sectors, willingly accept ETH as a means of payment. Despite the Ethereum network's merge, it is important to note that gas fees can still be high, impacting the cost of transactions.

3. Litecoin (LTC) – The Silver to Bitcoin’s Gold

Often referred to as the silver to Bitcoin's gold, Litecoin offers quicker transaction confirmation times. It's a popular choice for merchants who want speedier payments without compromising on the decentralization aspect.

4. Bitcoin Cash (BCH) – The Speedy Offshoot

A direct fork of Bitcoin, Bitcoin Cash was born out of the need for faster transactions and lower fees. If you’re looking for Bitcoin-like properties but with quicker transactions, BCH might be your go-to for spending.

5. Ripple (XRP) – Bridging the Banking Gap

Though often mired in regulatory debates, XRP has a strong use-case: facilitating real-time global payments for banks. While its primary use might not be for your everyday purchase, there are outlets, especially online, where XRP can be spent directly.

6. Dash (DASH) – The Privacy-focused Alternative

As the name suggests, Dash is all about speed. Combining this with its focus on privacy, Dash offers an attractive option for those who prioritize both efficiency and discretion in their transactions.

7. Monero (XMR) – Total Privacy

For the utmost privacy, Monero stands out. Transactions are confidential and untraceable, making it a preferred choice for users who prioritize anonymity. Though this means not every merchant accepts it, there are niche outlets that value the privacy it offers.

8. Tezos (XTZ) – The Self-Amending Blockchain

Tezos, with its self-amending blockchain, provides a unique platform for decentralized applications and smart contracts. While not as widely accepted as some other cryptocurrencies, Tezos is making strides in various industries.

9. Solana (SOL) – High Performance and Scalability

Solana, known for its high-performance blockchain, is gaining popularity for decentralized applications and crypto payments. With rapid transaction speeds and scalability, Solana is positioning itself as a versatile choice for users and developers.

Why Not All Cryptos Are Spendable?

With over 10,000 cryptos and counting, you might wonder: why can’t I spend them all? Here's the thing – not all cryptos are designed to be used as currency. Some serve as a platform for decentralized apps, while others might represent a stake in a project or offer specific utility within a system.

For a cryptocurrency to be used for payments, it needs:

Lyzi – Making Crypto Spending Easier Than Ever

Now, imagine a world where you don't have to worry about which crypto to spend. A place where all your digital assets are beautifully aggregated, ready for you to use securely and simply. This is where Lyzi steps in.

Lyzi is more than just another crypto wallet. It’s an all-in-one solution for the modern crypto user:

🔗 Unified Wallets: With Lyzi, there's no need to jump between multiple wallets. Aggregate all your crypto assets in one place.

🛡️ Safety First: Lyzi ensures top-notch security protocols to keep your funds safe from prying eyes and malicious threats.

⚙️ Smooth Transactions: With an intuitive interface, making payments becomes a breeze. Whether you’re a newbie or a seasoned crypto veteran, Lyzi’s user-centric design ensures a seamless experience.

🌐 All-in-One Ecosystem: Lyzi isn't just about spending. It’s a holistic crypto ecosystem, offering tools to manage, exchange, and even invest your digital assets.

In a world teeming with cryptocurrencies, the real power comes from being able to use them effectively. Lyzi is paving the way, ensuring that your digital wealth isn’t just hoarded but is put to use in your day-to-day life.


Cryptocurrencies have come a long way from being just an intriguing concept to becoming a significant part of our financial ecosystem. While not all cryptos are designed for spending, a good chunk offers incredible utility as a medium of exchange.

But with numerous wallets and a plethora of cryptos, the real challenge is in managing and using them efficiently. That’s where platforms like Lyzi come into play, streamlining our crypto experiences and making digital spending as simple as tapping your card at a cafe.

So, the next time you sip on that latte, remember: the future of spending might just be a tap away, with crypto leading the charge. Happy spending!

What you can read next...

How to file your crypto tax declaration in France?

The tax declaration period is often a source of stress for many, especially for cryptocurrency holders who must navigate the tax complexities associated with these digital assets. In France...

What is Shiba : A comprehensive guide

In the world of cryptocurrency, Shiba Inu (SHIB) has emerged as a popular digital asset with a growing community of enthusiasts. Often referred to as the "Dogecoin Killer"...

What is XRP?

With the rapidly evolving landscape of cryptocurrencies, it is crucial to understand the different options available in the market. Among these, XRP holds a prominent place as...

Our Community

Join our Zealy & Discord

Earn rewards on Zealy, come chat with our community on Discord