While many Bitcoin investors prefer to hold their coin, others enjoy using it to purchase products and services. Over the years, more companies have taken bitcoin a step further by integrating it into their businesses, providing their customers with the option of making the payment with their coin. The days of bitcoin serving more as a store of value may be coming to an end, but there is still a long journey ahead.
Digital currency is being talked about more often in the media, tech spaces and finance, and is becoming well known to the public than ever before. In addition to this increasing publicity, there is also an increasing number of companies accepting bitcoin as a form of payment of products and services which is further strengthening digital currencies’ position in the financial world. But, with companies like satoshipoint.io leading the charge of integrating bitcoin transactions to our daily lives through their bitcoin ATM services, it may not be a long journey after all.
There are different kinds of digital currencies that businesses can accept as a method of payment. But as of today, not all businesses accept bitcoin. In this article, we are going to explore 6 big companies that accept bitcoin payment.
Overstock began accepting cryptocurrencies as a form of payment for the goods they sell in 2017. They are not just accepting bitcoin, but Litecoin, Ethereum, Monero, and Dash as well.
Overstock utilizes Shapeshift in completing transactions. Shapeshift is a digital asset exchange tool that converts currencies through blockchain technology in a matter of seconds without an account set up.
Expedia is a world-leading travel website where you can find the best flight deals and booking flights and other things as well. They currently accept cryptocurrency (Bitcoin) as a form of payment for their services. The downside of using the cryptocurrency payment option with Expedia is that you cannot cancel a transaction once it has begun.
Subway is another big company that has added cryptocurrency to its payment method. They have joined the league of companies that accept bitcoin by allowing bitcoins to be exchanged for meal items. It is not yet certain whether they will be adding other coins such as Litecoin, Ethereum, Tether, and others.
PayPal accepts bitcoin as a form of payment. They facilitate payment through processors such as BitPay, Coinbase, and GoCoin. PayPal is one of the first companies to accept bitcoin payment for transactions completed through its platform. It is one of the safest and secure systems for online transactions worldwide.
There is a high chance that they might accept other cryptocurrencies in the future.
The leading e-commerce platform is also part of the cryptocurrency wave. And the best part is that you can set up your online shop through Shopify and accept bitcoin payments. The e-commerce giants began accepting bitcoin as early as 2013. Shopify plans to extend this feature to other cryptocurrencies as well.
As of today, they only accept bitcoin, but this might change in the nearest future.
Microsoft was one of the first companies to accept bitcoin since as far back as 2014. But they later announced that they will stop accepting only to reverse the decision a few hours later. In 2016, the company made a similar decision, which was overturned as well. The reason for this back and forth by Microsoft has been attributed to the volatility of the cryptocurrency market.