Bitcoin is a digital currency that has taken the world by storm. While some people are still unsure about what it is and how it works, many businesses have already started accepting it as a form of payment. In this blog post, we will look at some of the top companies that are currently accepting Bitcoin payments.
Let’s take a look at these companies.
Microsoft is an American Corporation that makes software and hardware to computer systems. Microsoft was one of the first companies to start accepting Bitcoin as a payment method by integrating their Windows and Xbox stores with Bitcoin, allowing people who use Bitcoin can purchase games, movies and apps within their programs.
If you’re a beginner and looking for an exchange platform, you must create your account on the Bitcoin Up website.
A cryptocurrency (or cryptocurrency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and control the creation of additional currency units. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.
The one that started it all. PayPal has been a trendsetter across many industries, and Bitcoin would be no exception. The company’s co-Founder Peter Thiel has already publicly stated his interest in accepting Bitcoin via his Founder’s Founders Fund. Being so large and established, if Paypal were to accept Bitcoins, it could singlehandedly cause an explosion of buying power and legitimacy for Bitcoin as a global currency or payment method.
The popular coffee chain has yet to announce it is accepting Bitcoin officially. Still, according to some reports and plenty of speculation, it may be the largest retailer in the entire world (in terms of annual revenue) and the most highly valued public company on Earth that does so.
Its mobile payment application already supports Paypal, Apple Pay and several other cryptocurrencies. The coffee giant recently posted a job listing for a Cryptocurrency Exchange Program Lead, leading many to believe they were gearing up for such an announcement.
In late 2017, Amazon started accepting Bitcoin to access their services on their subscription-based model. They limited this to “Streaming Partners”, as they do not want to deal with the volatility of BTC prices. This was a big win for the cryptocurrency market.
It allowed almost anyone to use bitcoin and avoid fees associated with transferring money through traditional banks and payment platforms such as PayPal.
Tesla has stated that bitcoin payments will be accepted in the future. They did not mention a specific date. They may be working on their private blockchain or protocol to facilitate this, though nothing is certain. According to Tesla’s official website, it is possible to purchase an electric car directly from the manufacturer with bitcoin.
However, this requires first buying a Model S or Model X at full price and then applying for an activation code to purchase a vehicle using bitcoin as payment.
The Bottom Line
Bitcoin’s digital currency system has been gaining popularity over the past few years as more people become aware of its benefits. One such benefit is its acceptance of payments for goods and services at various places across the globe.