Bitcoin is a type of currency exchanged on the internet. It allows a person-to-person transaction without the bank as an intermediary. Bitcoins are now accepted in every country, although with some retraining terms and regulations. It is the largest digital currency as of today, and it has taken over the crypto market. In this article, we will see about ‘Who Accepts Bitcoin?’.
Who Accepts Bitcoin?
There are major companies nowadays that accept bitcoin as a form of payment. Companies such as Microsoft, Burger King, Overstock, Wikipedia, Subway, Pizza Hut, Twitch, Norwegian Air, Cheap Air, Etsy, Gyft, NewEgg, ExpressVPN, PayPal, Starbucks, AT&T, Miami Dolphins, Whole Foods, Home Depot, etc. There are also some stores and businesses that accept bitcoins as payment. Some of which are Travala, T-Mobile Poland, Save the Children, One Shot Hotels, Foodler, Green Man Gaming, Coupa Cafe, Dream Lover, etc.
Microsoft
If you want to top up your account with Microsoft, bitcoin is an acceptable mode of payment. Bitcoin can also be used to pay for digital content on Microsoft, such as games, Xbox Live, Microsoft apps, Windows phones, etc. Microsoft began accepting bitcoin payments in 2014 but temporarily stopped because of its volatility at that time.
Burger King
Burger King is a fast-food restaurant company and you can now use bitcoin to pay for your orders. Through their delivery service, you get to pay with bitcoin and bitcoin cash. Their outlets in German and Venezuela announced this as far back as 2019.
Wikipedia
As the world’s largest encyclopedia, donations and other financial contributions can be made to the platform through bitcoin. It uses Bitpay as the online payment platform. But as of May 2022, Wikimedia, the foundation that runs Wikipedia, announced to stop accepting bitcoin and other cryptocurrencies because of the environmental impact of bitcoin. Although, a room is left open for possible reversion of this situation as they promise to continue to monitor the situation.
PayPal
PayPal is a digital payment platform, and they top the list of companies that accept bitcoin. The platform also allows buying and selling of cryptocurrency assets. PayPal started accepting bitcoin as a mode of payment in September 2014, similar to the time when Microsoft got on board too.
Newegg
Newegg is a technology retailer in North America and has a reach of over 80 countries across the whole of Europe, Asia, the Middle East, the Pacific, and Latin America. They sell electronic goods, including drones, toys, computer systems, gaming software, etc. It is recognized as one of the best online shopping platforms, with its headquarters in the City of Industry, California. The North American distribution facilities are located throughout Canada and the United States. Newegg adopted the bitcoin mode of payment in 73 countries. They are one of the first companies to accept bitcoin. To pay with bitcoin, you do not need an app to change the bitcoin into cash. The Newegg website already has the pay with the bitcoin icon.
Overstock
This is also an American online store. They retail household furniture, home decoration products such as rugs, carpets, etc., and other household items at discounted prices due to overstocking, hence the name of the store. This store accepts bitcoin as a mode of payment through a platform known as Coinbase. They are the first major retailer to accept bitcoin as a mode of payment since January 2014. They accept other forms of cryptocurrency, not only bitcoin.
AT&T
AT&T is a telecommunication company that offers internet service, streaming services, and data plans to its customers. They are the first mobile carrier in the telecommunication industry to accept bitcoin as a mode of payment. It was implemented in 2019. AT&T accepts bitcoin through the Bitpay platform, as done by Wikipedia. They also accept other forms of cryptocurrency.
Whole Foods
Whole foods use a platform known as Flexa to convert bitcoin to dollars immediately. Using the Flexa app makes it possible to buy Whole Food groceries using bitcoin and other forms of cryptocurrency seamlessly.
Home Depot
This is another store in the United States that makes use of Flexa in accepting bitcoins. Home Depot is a retailer of hardware such as building materials, home improvement products, etc., and they are the largest in The United States. With this option of payment, an entire house can be built using bitcoin.
Advantages of Bitcoin Mode of Payment
- There is a lower transaction fee attached to it, that is, no banking fee.
- Transactions through bitcoin are irreversible, which helps manage cash flow in stores that accept them.
- Bitcoin offers a more secure payment than debit and credit cards. That is, it is impossible to steal another’s identity using bitcoin or any cryptocurrency for that matter.
- It is a flexible mode of payment.
Conclusion
Bitcoin is here to stay, and a lot of people are investing in it. It is so convenient when we have more companies and stores ready to accept bitcoin as a mode of payment for goods and services.
FAQs
- Does Amazon accept bitcoin?
Not directly. You can use Purse.io to buy things with bitcoin on Amazon indirectly.
- Does eBay accept bitcoin?
No. There is no option for bitcoin mode of payment on eBay.
