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6 Companies Where You Can Pay With Crypto

In the 12 years since its inception, Bitcoin (BTC) has promised a settlement revolution: the ability to transfer money without the involvement of a bank. To name just a few implications, it showed that the billions of people without bank accounts (who cannot use standard financial services) could be liberated from the shackles of money.

Since then, a great deal has happened. Currently, there are more than 11,000 cryptocurrencies and over 400 cryptocurrency exchanges. About 14 percent of American adults own bitcoin, and there are many more plans to acquire it shortly. In addition, El Salvador just legalized Bitcoin.

However, various issues, such as environmental concerns, volatility, and transaction fees, have prevented the widespread use of cryptocurrency as a payment method. However, seven of the world’s largest corporations do accept crypto payments.

1.     Overstock:

Overstock.com led the way for Microsoft and PayPal in the early stages of bitcoin adoption. In 2018, CNN reported that Overstock was “usually a crypto corporation today,” an overestimation based on the online merchant’s substantial investment in blockchain innovation. That was true even then. Overstock was already one of the most important e-commerce platforms when it started before COVID’s involvement in the project. As early as January 2014, Overstock became the first major retailer to accept Bitcoin as a form of payment, but it does not currently accept Bitcoin on its mobile website.

2. Microsoft:

Since 2014, Microsoft has allowed the usage of Bitcoin in its online Xbox Store. Because of the instability, they temporarily paused accepting it but are now accepting it again only for the Xbox installment plan.

Expense Gates has made numerous comments about Bitcoin, including the following: “Bitcoin is much better than money.”

3. Coingate:

Over 1,000 Gift Cards may be purchased with Bitcoin (BTC) and other cryptocurrencies through Coingate. It’s possible to buy gift cards for Amazon.com, eBay, and Xbox using not just Bitcoin but also Litecoin (LTC), Ethereum (ETH), and other cryptocurrencies. In only a few clicks, you’d be able to transact with digital currencies worldwide.

Coingate’s quick shipping and worldwide shopping options are two more perks. The Coingate platform allows users to invest in the areas of their choice.

4. Whole Foods:

One dam broke in the crypto world in May of this year with the signing of an agreement between the Winklevoss twin-owned digital currency company, Gemini. Flexa was a settlements start-up. It was easy for big businesses to add Flexa right into the digital scanners they already used to take phone-based payments through Apple Pay and other electronic purses.

The partnership made this possible. Because of the new technology, bitcoins were quickly converted into dollars so that people could buy things quickly. Whole Foods was one of the first large retailers to adopt new technology. Amazon owns Whole Foods, but the world’s largest online retailer does not now accept Bitcoin for purchases.

The fast-food chain Burger King According to local media reports, Burger King restaurants in Venezuela have teamed up with Cryptobuyer to take cryptocurrency as a form of payment for their meals. Customers can use Bitcoin, Dash, Litecoin, Ethereum, and Tether to pay for goods and services at the store.

On September 3, 2019, Hamburger King’s German branch began accepting Bitcoin on its website and mobile application. However, this was more of a marketing ploy than anything else, as it does not allow you to acquire a physical store. You can use the Lieferservice shipment option, which works with restaurants all around the country, to order delivery and pay with Bitcoins or Bitcoin Cash.

5. Home Depot:

The largest chain of equipment stores in the United States is Home Depot.

Home Depot’s endorsement is significant since it implies that you can buy everything you need to build a house with Bitcoin. Flexa’s check-out processes, which are already in place at Residence Depot locations, are used to approve Bitcoin settlements. It makes it simple to pay with Bitcoin because Gemini’s partnership with Flexa has eliminated all of the traditional snags associated with this payment method.

6. Dallas Mavericks:

The NBA franchise owned by billionaire crypto enthusiast Mark Cuban has approved crypto settlements for more than two years. Bitcoin, Bitcoin Cash, Ethereum, USD Coin, Gemini Bucks, Binance USD (BUSD), and Dogecoin are all accepted forms of payment for Mavs tickets and merchandise.

The addition of Dogecoin to its crypto-list was the most recent. “Often in business, you have to do pleasurable things and also ideally generate a lot of PR,” said Cuban of the decision to authorize Dogecoin. The Mavericks also use BitPay to process cryptocurrency payments.

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