In fact, in parts of Asia, Bitcoin is already being accepted as payment for utilities. Consumers are able to pay their gas, water and electric bills digitally and directly using Bitcoin, without having to convert into local currency. In Japan, consumers can buy electronics with Bitcoin at the largest electronics stores in the country. Even in the US, some local shops are starting to pop up where Bitcoin is accepted as valid payment.Therefor, bitcoins are increasingly accepted as a popular payment medium in the world