10 big companies already accepting Bitcoin as a payment method

10 Big Companies Already Accepting Bitcoin As A Payment Method 10 Big Companies Already Accepting Bitcoin As A Payment Method

Cryptocurrencies are not the future but the present. Just look at how many companies, multinational corporations, and simple stores are gearing up to accept cryptocurrency payments.

One of the recurring criticisms of cryptocurrencies is that they are only sometimes used as currency for everyday purchases. However, although they have yet to be fully regulated in many states, the cryptocurrency phenomenon is too big to ignore.

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That’s why companies want to innovate and push toward the spread of crypto payments. And we’re not talking about specific niches, but rather popular brands and services that are part of our everyday lives, as well as online platforms like Bovada crypto casino games or other gambling and video game sites.

Here is a list of ten companies that accept Bitcoin and cryptocurrencies as payment methods.

Mastercard

Mastercard has long enabled cryptocurrency payments through its platform through partnerships with major industry players such as MetaMask and MoonPay. Indeed, the company has recognized the usefulness of cryptocurrencies as real coins.

During the final months of 2022, the leading payment circuit company formed partnerships with eight Web3 startups to make crypto more accessible. These include the Hi mobile banking app, with which it will launch the first debit card that can be customized with its NFTs.

Visa

Mastercard’s competitor has also, in recent years, devoted its energies to cryptocurrency-themed projects. Since 2020, Visa has been working with various exchanges to allow users to pay in Bitcoin and other cryptos through debit cards that use Visa as their payment circuit.

Young Platform is also designing its card to take full advantage of the potential of cryptocurrencies as a payment system. These examples of companies accepting Bitcoin describe a growing trend in popular services that are part of everyday life. The card launch is scheduled for late 2023; soon, we will need to sign up for the waiting list.

Gucci

Do you dream of buying luxurious clothing with Bitcoin? In Gucci’s U.S. stores, from August 2022, you can pay in different cryptos. To be precise, Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dogecoin, Shiba Inu, ApeCoin (the token of the Bored Apes Yacht Club), and five different stablecoins are accepted.

Microsoft

Among the early adopters of blockchain technology is Microsoft, which has been accepting payments in Bitcoin since 2014. Anyone can use cryptocurrency for Microsoft services like Skype or Xbox Live.

Tesla

Elon Musk, CEO of Tesla, was among the first entrepreneurs to show interest in Bitcoin. For a time, it was possible to buy electric cars using crypto. Then he reconsidered, temporarily blocking payments in Bitcoin until renewable sources fully power mining operations.

Despite this, purchasing some Tesla accessories in Dogecoin (DOGE) is still possible.

Amazon

Although paying directly in crypto on the world’s largest e-commerce is impossible, Amazon is looking for blockchain experts to join its team. Will we see this new feature soon? We can still buy crypto through various debit cards or convert our cryptocurrencies into Amazon vouchers through third-party sites.

PayPal

The payments giant introduced in 2021 the ability to buy, sell and store specific cryptocurrencies directly from its app. However, the feature remained restricted to users residing in the United States.

In December 2022, there was a breakthrough: announcing the collaboration between PayPal and MetaMask. Thanks to this partnership, logging into your dedicated PayPal area with your MetaMask wallet and buying crypto directly from your account in one step will also be possible.

Twitch

Twitch, the world’s most widely used streaming platform, accepts Bitcoin and other cryptocurrencies for donations and subscriptions. Through memberships or subs, you can support your favorite creators monthly by paying with many cryptos: from Bitcoin to Ethereum, Dogecoin to Litecoin.

McDonald’s

At McDonald’s in Lugano (Switzerland), you can buy your Crispy McBacon with Bitcoin and stablecoin Tether (USDT). These payments are part of the “Plan B” initiative involving the capital of Canton Ticino in October 2022.

This project aims to increase cryptocurrency adoption in the Swiss city. Payments at McDonald’s in Lugano are processed on Bitcoin’s Layer-2 blockchain, the Lighting Network.

Starbucks

We close the list of 10 companies that allow you to pay in Bitcoin like we would end a lunch, namely with an excellent coffee to be paid strictly in crypto. Indeed, in Starbucks’ American coffee shops, you can buy espressos and frappuccinos in cryptocurrency directly from the app, thanks to a partnership with Bakkt.

Stores where you can pay with Bitcoin

The companies on this list are not the only ones accepting Bitcoin and cryptocurrencies as payment methods, but they are probably the most well-known globally. Year after year, many other businesses of different sizes and operating in various sectors have adopted cryptos.

These include physical stores located in crypto-friendly countries. Some practical examples? Some Burger King stores in Venezuela, the U.S. Miami Dolphin and Dallas Mavericks teams, and Coca-Cola vending machines in Australia and New Zealand.

 

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