In recent years, the use of cryptocurrencies as a form of payment has become increasingly popular. From large companies like Microsoft and AT&T to small businesses like Etsy providers and Burger King outlets, more and more businesses are accepting bitcoin and other cryptocurrencies as payment for their goods and services. In this article, we'll take a look at some of the most popular companies that accept cryptocurrencies, as well as some tips on how to use them. One of the most well-known companies that accept cryptocurrencies is Microsoft. The company allows customers to top up their Microsoft account with bitcoin.
AT&T is another major company that has recently started accepting cryptocurrency payments via BitPay. Burger King outlets in Venezuela have also announced a partnership with Cryptobuyer to accept cryptocurrencies as a form of payment. KFC Canada also made headlines when they announced that they would be accepting Bitcoin for a limited time in exchange for the “Bitcoin Bucket”. The company processed the payment via BitPay and the deposit had to be delivered directly to the customer's home address. Overstock, a famous US online retailer, has also partnered with Coinbase to allow Bitcoin payments for its online orders. A US online travel agency, established in 1989, began accepting Bitcoin through Coinbase and later switched its payment processor to BTCPayServer.
PayPal's move intended to attract businesses, not consumers, to its platform. The appeal was that bitcoin's transaction fees were much lower than the 2% to 3% charge that killed profits companies paid for credit card transactions. While the initial venture into cryptocurrencies allowed merchants to accept bitcoin payments from customers, PayPal has only recently allowed customers to pay with cryptocurrencies in the same way they do with other payment methods, using the PayPal wallet. Whole Foods is owned by Amazon, but Amazon does not accept bitcoin for purchases made through the world's largest online retailer for now. You can buy or redeem an Amazon gift card with a wallet such as BitPay along with a Coinbase account. The Etsy Community Forum has a special page dedicated to bitcoin, with tutorials explaining how sellers can advertise that they accept bitcoins and how to make the process go smoothly.
There is also a “Bitcoin Acceptance” page on the Etsy site that makes it easy for buyers to find Bitcoin-friendly merchants. Online electronics giant Newegg accepts bitcoin and has done everything. Unlike some of the others that require you to convert cryptocurrencies into cash through a third-party application or service, Newegg only allows you to pay directly. For buyers buying through a computer, all they have to do is choose “Pay with Bitcoin” and make the shipping moves. For shoppers who make purchases with their phones, Newegg will send a QR code to be scanned. For anyone who wants to start harvesting bitcoins on their own, Newegg also sells cryptocurrency mining starter kits.
Retailers have to present dollar balances no matter what form of payment they accept, which for a long time was a big obstacle for companies that wanted to accept bitcoin but didn't know how to do it. Flexa converts bitcoin into dollars instantly, giving both parties what they want. The buyer can spend his bitcoins when he buys his Ryobi paint and tools, and Home Depot gets the green dollars he needs in return. Twitch is the 800-pound gorilla on the block of the video streaming platform. Like Whole Foods, Twitch is owned by Amazon. Also like Whole Foods, it now accepts cryptocurrencies and not just bitcoin.
Users can pay in bitcoins, but also in bitcoin cash and ether, as well as in lesser-used currencies such as BUSD, PAX, GUSD, USDC and XRP. Online Electronics Giant Newegg Accepts Bitcoin and They've Done It All. Unlike some of the others that require you to convert crypto into cash through a third-party app or service, Newegg only allows you to pay directly. For buyers buying through a computer, all they have to do is choose “Pay with Bitcoin” and make the shipping moves. For anyone who wants to start harvesting Bitcoins on their own, Newegg also sells starter kits for cryptocurrency mining. Overstock is currently leading the way in the field of purchases and cryptocurrencies.
Overstock goes as far as accepting multiple types of cryptocurrencies, not just bitcoins. Next time you need household items or furniture, be sure to go support Overstock. Home Depot is the largest hardware store chain in the United States. The acceptance of Home Depot is huge because it means that you can essentially build your entire house by buying materials with Bitcoin. Home Depot accepts Bitcoin payments through Flexa payment systems installed in its stores. This makes it a breeze to pay with Bitcoin, as Gemini's partnership with Flexa has eliminated all the friction that traditionally involves Bitcoin payments. You can easily receive a credit to your Namecheap account by sending Bitcoin.
Whole Foods Partners with Winklevoss' Flexa Expense App 'Spedn'. With the Spedn app, you can buy all your whole foods with Bitcoin, Litecoin or the Gemini dollar without problems. However, the Spedn app doesn't just limit you to whole foods. Regal Cinemas, Gamestop, Jamba Juice and Baskin Robbins are among the many other traders who are now willing to make the leap into accepting cryptocurrencies as payment.
