Breaking Boundaries: Find Which Companies Accept Cryptocurrency
By 2023, it will be a status symbol for your business to test the status quo and embrace Bitcoin, which will make your business a symbol of success. Companies have benefited from early adopters by keeping up with the times, regardless of whether they were doing it for marketing purposes.
In an era when credit cards are used increasingly less and less online, you should know that some major companies are now accepting Bitcoin as means of payment. There is a great deal of interest in Bitcoin and other cryptocurrencies among businesses that want to differentiate themselves from the competition in 2023
- Tesla, the electric vehicle manufacturer, was one of the first major companies to accept Bitcoin.
- Microsoft, the tech giant, allows customers to use Bitcoin to add funds to their Microsoft accounts.
- Over 18000 businesses around the world have already accepted cryptocurrencies.
Which Companies Accept Cryptocurrency
Among the biggest companies in the world today, there is a number that have offered bitcoins as payment for their products or services. There are a few popular ones we’ve discussed below, so let’s have a look at them;
It is one of the largest US companies with a market capitalization of $1 trillion, after Apple or Amazon. Entirely accepted the bitcoin transactions. The Microsoft Store makes it easy for platform users to purchase needed products.
Whether buying a downloadable movie, a digital game for Xbox, or an app, buying Bitcoin is easy. The tech giant has a Bitcoin payment gateway but no refunds. All that aside, this is good progress.
Microsoft accepted Bitcoin for use in online Xbox stores in 2014. We temporarily suspended acceptance due to volatility but are now retaking it with Xbox Store credit only. Bill Gates commented on Bitcoin many times or said things like “Bitcoin is better than currency.”
Overstock is one of the big companies that started accepting cryptocurrency payments. The company accepts payments using Litecoin, Ethereum, Dash, Monero, and Bitcoin Cash. Also, Overstock is now the leader in shopping and cryptocurrency.
Overstock has gone far as to accept multiple types of cryptocurrencies or not just Bitcoin. Furthermore, Overstock not only accepts Bitcoin but also holds Bitcoin. These are types of providers that serve the Bitcoin community in the best possible way. We are working on and not just using Bitcoin as a marketing play. Select Bitcoin as your payment method during the checkout process.
A deal between Starbucks, and third-party payment app Bakkt lets you pay for your morning coffee using cryptocurrency. The Bakkt app allows you to buy, sell and trade cryptocurrencies and pay with Bitcoin at many of his Bakkt partners, such as Starbucks.
Alongside Cantaloupe, Wyndham Hotels & Resorts, Bakkt recently partnered with Quiznos to accept Bitcoin, loyalty points, and airline rewards.
Starbucks initially disappointed the Bitcoin world when it rushed to report that it would start accepting in-store Bitcoin payments in 2019. However, Starbucks later revealed that the report was wrong on several fronts: First, it does not directly accept bitcoin payments. Instead, they have partnered with futures exchange Bakkt or secondly, will not accept Bitcoin payments until mid-2020 when the Bakkt app launches.
Shopify is one of the most important companies to enter the cryptocurrency world. The online shopping giant allows crypto fans to place and pay orders using crypto. In 2013, the company launched a way for customers to pay with Bitcoin. Since then, customers have been able to pay with Bitcoin on all of the company’s websites.
All you have to do is find out if a business selling on the platform accepts Bitcoin as a payment method. In this case, the merchant decides which type of payment to use. So before you buy anything check if the company you want to buy or from accepts Bitcoin payments.
In February 2021, Tesla announced it had bought $1.5 billion worth of Bitcoin. The company also said, would accept digital currency purchase popular electric vehicles, it did until changed its mind on May 13, 2021.
While it is currently not possible to buy a Tesla with Bitcoin, Musk said he would resume buying Bitcoin on June 14, 2021, once Bitcoin mining is powered by at least 50% renewable energy. Announced. With all miners leaving China, renewable energy is slowly becoming a bigger part of the Bitcoin mining landscape.
Coincards lets you buy gift cards with Bitcoin from over 140 merchants. You can also pay for telephone cards with coin cards. Furthermore, CoinCards are very useful if the store you want to shop at does not support Bitcoin with gift cards or services like CoinCards.
Most people accept Bitcoin. Because it’s CoinCards to buy gift cards. Your identity remains hidden. So you can shop at supported retailers even in stores or without revealing your identity. CoinCards has a US site (for US brands) or a Canadian site (for Canadian brands).
Internationally victorious restaurant Burger King conducted its first cryptocurrency test in 2017. The company’s Russian subsidiary issued his WhooperCoin token on his Waves blockchain, which was given to customers with each purchase. Although the project failed, other Burger King locations in the Netherlands, Germany, Venezuela, and Brazil began accepting Bitcoin payments.
You can buy big bucks in bitcoin via virtual debit cards. Recently, Burger King started partnering with another cryptocurrency payment processor, Cryptobuyer and now has Ethereum, Litecoin, and Dash. And so on, accepting 6 different cryptocurrencies in Venezuela.
Another major player in the fast food industry and KFC started accepting Bitcoin as payment in 2018. It all started at KFC Canada. For a limited time, customers could pay for Bitcoin buckets of fried chicken. The price was over $27. Buckets were delivered directly to people’s home addresses or transactions processed through BitPay.
However, at this time, it needs to be clarified if the giant still accepts Bitcoin as an optional payment method, although other Brands and Inc. companies like Yum! Pizza Hut has allowed Bitcoin payments. But limited to some regions, such as Venezuela, where the Venezuelan Bolivar has lost almost all its value.
Twitch has become one of the best, most used streaming platforms, especially before or after the pandemic. Seeing the potential of the organization, owners have allowed cryptocurrency transactions via BitPay, from Bitcoin and Ethereum to Dogecoin and Litecoin.
This method benefits streamers as can accept crypto donations, and support their channel. Accepting crypto donations allows streamers to reach a wider audience, provide multiple options for people with different types of coins, or have the ability to invest, and liquidate those coins. Remittance acceptance is done through NOWPayments.
Norwegian AIR is a prominent Norwegian low-cost airline planning to offer bitcoin payments. They have already set up a crypto exchange plan that allows customers to purchase tickets through their payment infrastructure. However, the company ran into problems after significant cost reductions, so it may be some time before Bitcoin payment options are fully developed.
The company created Norwegian Block Exchange (NBX) to launch exchanges in other countries. The platform should integrate with the company’s existing rewards program to allow customers to earn points by trading on sales.
Express VPN is currently known as the best online security and privacy service. He is also one of the few companies to state Bitcoin payment options explicitly. Customers must only provide their email addresses, and sign up for these transactions or without other important information. The company allows bitcoin transactions through its BitPay but also accepts other e-wallets.
Express VPN has also proven many cryptocurrencies that people can pay with Ethereum, XRP, USDC, PAX, GUSD stablecoins, etc. The company has accepting Bitcoin payments since 2014.
Amazon, the largest online retailer today, does not accept Bitcoin directly, but Purse.io allows you to shop for anything on-site and pay with Bitcoin. The site connects people who have bitcoin and want to buy from Amazon with those who want to receive bitcoin in exchange for fulfilling orders.
At the Cloud Next conference in October 2022, Google announced it would start accepting cryptocurrency payments for cloud services in early 2023 in partnership with Coinbase. The financial terms of the deal were not disclosed.
If you look closely, you can spend Bitcoin anywhere these days (but you have to pay taxes) if you don’t interact directly with retailers through third-party gift card buyers. Some of these methods are a little unconventional but they make bitcoin more convenient today, and easier to adopt tomorrow. Around the world, there are already over 18000 businesses that accept cryptocurrencies as payment.
The rise of cryptocurrencies has had a significant impact on many sectors. As more and more people worldwide use digital currencies or many industries are gradually adding cryptocurrency payment gateways to take advantage of the ever-growing cryptocurrency fan base.