Home News Top 10 Companies That Accept Cryptocurrencies As A Means Of Payment

Top 10 Companies That Accept Cryptocurrencies As A Means Of Payment

2022-06-06 16:42:08
What Are The Top 10 Companies That Accept Crypto As A Means Of Payment?
Imagine in the next ten years, that you can pay for goods or services using cryptocurrency. Using cryptocurrencies as a means of payment is gaining traction globally. Businesses don’t want to be left out of the financial technology revolution currently on. But what will be the fate of companies that accept cryptocurrency as means of payment? Will these companies run at loss or will it be a win-win venture. Some employees are even demanding crypto as a payment option for their salaries, and some companies add crypto as part of the payment options.

The world’s number one cryptocurrency, bitcoin, has been at the forefront of cryptocurrencies being accepted as a means of payment by different organizations. Could it be that bitcoin is mostly accepted because of its great store of value? Although some altcoins such as Ethereum, Dogecoin, and Shiba Inu are also accepted as means of payment, by different companies. So cryptocurrencies are no longer limited to only investments, they can be used just the same way fiat currencies are used. Will this attract more users to a particular company?

List Of Companies That Accept Crypto

Despite the bear market, different companies still make official announcements that they accept cryptocurrency as a payment option for their goods or services. At the time of writing, the Bitcoin price live is trading on a trading pair of BTC/USDT at a price of $30,541.53 and it is up by 2,68%. Due to the volatility of cryptocurrencies, will there be a negative effect on the companies accepting BTC and some altcoins as payment options? If for example, you accept 1 BTC at a price of 1 BTC to $38,000 per BTC for goods or services during the bear market and hold, then during the bull run, you should be in so much. Below is the list of the top 10 companies that accept cryptocurrencies as a means of payment;

1. Microsoft: Microsoft began accepting bitcoin as a means of payment in December 2014. This company was an early adopter of bitcoin and it receives payment to buy games, apps, and other digital content such as Windows Phone and Xbox on the Microsoft store.

2. AT$T: This is the first mobile carrier to start accepting bitcoin as a means of payment.

3. Starbucks: Starbucks started accepting bitcoin as a means of payment in 2020 with the partnership of a third-party digital wallet called Bakkt.

4. Paypal: This is a payment service company that accepts bitcoin. You can buy, sell and hold a select few cryptocurrencies on your PayPal wallet including Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. This service is available for those using U.S and U.K PayPal to also pay for goods and services using cryptocurrencies

5. Tesla: In 2021, Tesla announced that it would use Dogecoin as a means of payment for certain products.

6. Newegg: This online electronic giant retail company located in the United States started accepting cryptocurrencies in 2014.

7. Travala: This is an online travel company that allows its customers to pay for services using cryptocurrencies such as Cardano (ADA) and Bitcoin.

8. Overstock: This is one of the biggest eCommerce platforms in the world that started accepting bitcoin as a means of payment for their products in 2014.

9. Whole foods: This food company of an international chain of food supermarkets accepts bitcoin using the SPEDN app.

10. Etsy: Although Etsy does not accept cryptocurrencies itself, its independent seller on its platform can accept crypto as a means of payment.

However, in the next few years, we may see more companies accepting cryptocurrencies as a means of payment. You can also buy and sell cryptocurrencies on top exchanges like Gate.io. But will these companies accept stable coins or any other cryptos?

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