Where can you spend your bitcoins?

Bitcoin rollercoaster
As bitcoin prices and popularity reach record highs (inching close to $1,000 per BTC on Tuesday), more and more merchants are willing to accept it as a form of payment.

What are these magical institutions that accept bitcoins?

For starters, there's a university in Cyprus …

University of Nicosia (UNic)

University of Nicosia

University of Nicosia | Screen capture from UNic website

UNic earned its claim to fame last week by becoming the first university to accept the digital currency as payment for tuition and other fees.

“We are acutely aware that digital currency is an inevitable technical development that will lead to significant innovation,” said Dr. Christos Vlachos, the University’s CFO said.

Space flights!

Virgin Galactic

Virgin Galactic | Creative Commons image by Jeff Foust

Feel like going to space? Virgin Galactic will gladly take your bitcoins as payment, the founder of the space airline announced last week, calling the currency "a brilliantly conceived idea."

Businesses in Vancouver, BC

Indian food
India Gate restaurant in Vancouver started accepting bitcoins in May this year. Owner Gurmeet Gupta told Vancouver Courier that it allows him to avoid charges associated with credit and debit card purchases. There are a variety of other business in Vancouver that also accept the cyrpto-currency, including a Waves Coffee shop and a fitness studio.

Black Friday deals

Black Friday shopping
More than 200 retailers are participating in BitcoinBlackFriday, an online deal site that allows consumers to spend their bitcoins on deals for everything from Christmas trees to travel packages.

Pay for rent … in Lithuania

Dubrovnik
According to the Guardian, you can rent a room in Druskininkai, Lithuania. Or an apartment in Dubrovnik, Croatia or Rio de Janeiro, Brazil. The possibilities are endless.

Dental work

Dental work
The Penny Meadow Dental Practice in Ashton, UK also accepts bitcoins, according to the Guardian.