Virtual currency has been on the rise for a couple of years now. More and more companies are accepting Bitcoin and other alternative payment methods. Bitcoin has even been used to pay for real estate.
With the vast majority of people still not owning any bitcoin, it can be tricky to find merchants accepting it as payment. Today, accepting bitcoin for payment is a smart choice for many businesses as it is cheaper than card payments. But what companies do take them?
Keep reading to learn more about the companies that can accept bitcoin for your next purchase.
Top Ten Companies Accepting Bitcoin Payments
The cryptocurrency market has been growing exponentially recently, and Bitcoin is at the forefront of this expansion. Here are some of the companies accepting bitcoins for their digital payments:
- Microsoft
Microsoft is one of the world’s largest companies and has been accepting Bitcoin as payment since 2014. Microsoft started accepting Bitcoin to reach new customers who were not likely to use traditional forms of payment. Microsoft also believes that Bitcoin has the potential to become a global currency.
Since 2014, Microsoft has processed over $1 billion transactions using Bitcoin. They also offer a rewards program for customers who use Bitcoin. The rewards program allows customers to earn bonuses for every dollar they spend using Bitcoin.
- Rakuten
Rakuten, one of the world’s largest e-commerce companies, began accepting Bitcoin as payment in 2015. Rakuten is a Japanese company, but it operates in many countries worldwide.
This move by Rakuten is significant given that bitcoin is still relatively new as a payment method. It demonstrates that there is strong interest in using bitcoin as a way to pay for goods and services.
- Dell
The company was one of the first to start selling computers online and was also one of the first to accept bitcoin as payment. They are a multi-national computer technology company that develops, sells, repairs, and supports computers and related products and services. Customers can use bitcoin to purchase online from the Dell website.
Dell is one of the few big companies to accept bitcoin as payment. While some companies have been slow to catch on to the cryptocurrency trend, Dell has been a leader in adoption. This is likely due to Dell’s cutting-edge and forward-thinking nature.
- PayPal
One of the most popular companies that accept Bitcoin as payment is PayPal. PayPal is a global online payment company that allows customers to make payments with Bitcoin and other digital currencies.
This service is available in over 200 countries and can be used to buy products and services online. PayPal also allows customers to pay for goods and services with Bitcoin in physical stores across the globe.
Although Bitcoin is not accepted as legal tender by most countries, PayPal is one of the few companies that allow customers to use it for both online and offline transactions. This makes it a preferred choice for those who want to use Bitcoin for utilities, online purchases, and payments.
- Starbucks
Starbucks is one of the most prominent companies to accept Bitcoin for online payments. Starbucks customers can use Bitcoin to pay for their coffee, bagels, pastries, and other snacks. It is also possible to spend Bitcoins at Starbucks stores around the world.
Starbucks has received much positive feedback for its decision to accept Bitcoin. Many customers believe shopping and paying for goods is an exciting way.
Additionally, it is possible to save a lot of money by using Bitcoin instead of traditional forms of payment. This may be a significant factor for Americans who have been feeling the effects of these higher fees that the payment processing companies charge. If you want to convert your bitcoin into physical money for purchases, visit this link to learn more.
- Etsy
Etsy is one of the most well-known online retailers accepting Bitcoin payments. They offer a variety of crafts, furniture, and other items sold through their website.
To use Bitcoin as payment on Etsy, you first need to purchase Bitcoin from an exchange. Once you have purchased Bitcoin, you can transfer it to your Etsy account using a payment processor like Bitpay.
Once you have transferred your Bitcoin to your Etsy account, you can select Bitcoin as your payment method on the checkout page. You will then be asked to enter the amount of Bitcoin that you want to pay.
Etsy is one of the busiest platforms for selling products using Bitcoin. They are one of the first mainstream retailers to accept it and offer very competitive prices compared to other online retailers that accept Bitcoin.
- Overstock.com
Overstock.com was one of the first prominent online retailers to start accepting Bitcoin as payment in 2014. This was a huge step forward for Bitcoin and cryptocurrency, showing that Bitcoin could be used as a mainstream form of payment.
Overstock.com has continued to accept Bitcoin as payment and has even started accepting other cryptocurrencies. This is an excellent move by Overstock.com and will help to legitimize Bitcoin and cryptocurrency further.
- Newegg
Newegg is a big budget store that offers various products and services. They accept bitcoin as payment for many items, including computer hardware, video games, and even appliances.
Newegg is a good option for people who want to purchase items using bitcoin. They have a wide selection of products and offer excellent customer service. Plus, their prices are very competitive.
If you’re looking for an online retailer that accepts bitcoin as payment, Newegg is one of the best options out there.
- Home Depot
One of the largest retailers in the United States is Home Depot. They exclusively accept Bitcoin as a form of payment.
This is a big deal for Bitcoin because it shows that big businesses are starting to take it seriously as a form of currency. It also gives consumers more options when paying for goods and services.
Home Depot is the first significant business to adopt Bitcoin as payment. This shows that Bitcoin is here to stay and has the potential to be used by more and more companies.
- CheapAir.com
One of the first companies to accept bitcoin as payment was CheapAir.com. They started accepting bitcoin in early 2013 and have since added other cryptocurrencies.
CheapAir is a website that offers cheap flights to many destinations worldwide. They provide various airlines, including airlines like United Airlines and American Airlines.
CheapAir is helping to bring bitcoin into the mainstream by accepting bitcoin as payment. They are making it easier for people to use this new form of currency, which is growing in popularity daily.
Countries That Accept Bitcoin as a Payment Method
Bitcoin is a unique digital currency in that a central bank does not regulate it. This makes it a popular choice for countries looking for an alternative to traditional currency.
An increasing number of countries are now accepting Bitcoin as a payment method, including the United States, Canada, Japan, and several European nations. This change is mainly due to the growing popularity of Bitcoin as an investment and its perceived benefits as a more efficient and secure alternative to traditional currency.
Russia also uses Bitcoin as an indirect method of avoiding money laundering and terrorism financing. India’s use of Bitcoin also stems from worries about traditional banking practices. There have been cases where traditional banks have frozen bank accounts or imposed harsh penalties for Transactional Credit Cards (TCs), so many countries are innovating payment methods.
Despite these positive factors, there are some challenges with using Bitcoin as the main currency. For example, the volatility of the price of Bitcoin means that there can be large swings in wealth over short periods.
Additionally, there is a small number of high-quality merchants that accept Bitcoin as payment. Until more businesses begin to accept it, it will likely remain a niche payment method.
Learn the Best Places You Can Put Your Bitcoin to Great Use
Bitcoin has been growing in popularity over the past few years, and there are now several companies that accept Bitcoin as payment. While there are some disadvantages to using Bitcoin, overall, it is a very safe and reliable way to pay for goods and services. Hsve you head of Bit Index Ai? Bit Index AI is reportedly an AI-powered cryptocurrency trading robot designed to help traders find the best entry and exit in both markets.
One of the leading benefits for companies that are using Bitcoin is that there is no need for a bank or other third party to process the payment. Also, Bitcoin is that it is not subject to country or currency fluctuations. This makes it a good option for traveling people who want to avoid high banking fees.
So if you want to get your Bitcoins to good use, check out these companies to help you.
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Disclaimer: The views and opinions expressed in this article are those of the authors and do not necessarily reflect those of Geek Vibes Nation. This article is for educational purposes only.
Caroline is doing her graduation in IT from the University of South California but keens to work as a freelance blogger. She loves to write on the latest information about IoT, technology, and business. She has innovative ideas and shares her experience with her readers.