Digital currencies like Bitcoin reinvented the meaning of digital transactions. Bitcoin was founded as a peer-to-peer electronic cash system that didn't require a middleman to execute transactions. Fast forward 13 years, major companies are beginning to offer Bitcoin as a payment method. Find out which business' accept Bitcoin in this article.
Tesla, the electric car manufacturer accepted Bitcoin as payment starting early 2021. In addition, Elon Musk has been bullish on Bitcoin as the company added BTC tokens to their balance sheet.
Elon Musk suspended buying Tesla using Bitcoin payments in June 2021 due to environmental concerns regarding Bitcoin mining. However, Elon Musk has hinted towards accepting cryptocurrency payments methods that are not damaging to the environment. Recently, the company has announced it will accept payments in the altcoin Dogecoin.
Twitter launched a new tipping function on the platform, where followers can gift money to their preferred Twitter accounts. Twitter users can tip their favorite accounts using Bitcoin over the Lightning Network. In addition, Twitter partnered with Strike, a company that uses Bitcoin's Lighting Network to facilitate faster and cheaper Bitcoin payment transactions. Users, however, cannot pay their Ad spend on Twitter using Bitcoin or other cryptocurrencies.
Microsoft is one of the few early Bitcoin adopters. In 2104, Microsoft became one of the few companies - including the major ones - to allow users to use BTC as payments. As a result, users could use Bitcoin to purchase games and apps on Microsoft platforms such as Windows Phones or Xbox.
Bitcoin payment was restricted for a period before returning in January 2021. Currently, users can use Bitcoin on the Microsoft Store. However, they are unable to purchase games on the Xbox Live interface. Yet, the company has been open to cryptocurrencies, and we could see Bitcoin being more widely accepted.
Takeway.com is a major European food delivery platform based in the Netherlands with subsidiaries in over 14 countries. The company started accepting Bitcoin as a form of payment in 2013 and hasn't broken the payment streak since. Thuisbezorgd also sponsored Arnhem Bitcoin City, an initiative to onboard as many merchants to accept Bitcoin as a form of payment.
VISA is the biggest payment network for FIAT currencies which has amended its market offering to cater to the growing development of digital assets. The company allows its customers users to make Bitcoin purchases using a debit card at over 70 million merchants across the globe. Additionally, Visa is expanding its offer to onboard crypto users to use their digital services.
Visa's Bitcoin solution offers the possibility for customers to link crypto assets to their VISA card and make payments. The company currently partnered with major cryptocurrency platforms such Binance, Crypto.com and lending provider BlockFi.
Shopify is the leading e-commerce website with over 500,000 online stores and growing. Shopify has enabled its users to implement plugins that allow merchants to accept payments in cryptocurrencies, including Bitcoin. Coinbase, the most popular cryptocurrency exchange, developed the Coinbase Commerce API, allowing users to connect to Shopify and accept Bitcoin as a payment method. All funds are then added to their personal or business Coinbase account.
7. Home Depot
Home Depot is America's largest hardware store and accepts Bitcoin through the Flexa integration. In addition, the company legitimized Bitcoin in 2019, catering to the growing subsector of crypto millionaires. This means people who made profits from crypto can buy the necessary materials to build a new home using Bitcoin.
Digital payment processor PayPal started allowing buying and selling Bitcoin and other cryptocurrencies in the U.S. and the U.K in 2021. In addition, PayPal developed a strategy to increase Bitcoin and crypto adoption horizontally across multiple subsidiaries, even allowing Venmo users - PayPal's cash app - to purchase and send Bitcoin between wallets.
PayPal made Bitcoin accessible to its users after enabling the "Checkout With Crypto" for merchants. Thus, over 30 million merchants can now accept cryptocurrency payments directly through PayPal.
Etsy, the DIY and hand-craft e-commerce platform, accepts Bitcoin as a form of payment. Although there is not an integrated system that allows users to pay with BTC directly, sellers on the platform can select Bitcoin as one of the payment methods.
Twitch, the popular video streaming platform, started allowing users in 2020 to make streamer donations using cryptocurrencies, including Bitcoin. In addition, NOWPayments mediate crypto payments on Twitch.
Twitch is the most widely used streaming platform for gamers and other digital activities and is highly popular among the younger population segments. Amazon also owns Twitch, warming up to Bitcoin and other cryptocurrencies indirectly.
11. Amazon (via Purse)
Amazon allows you to buy using Bitcoin indirectly though merchant integration using Purse. This app allows customers to purchase a range of goods such as shoes, electronics and clothing from the largest online retailer using Bitcoin.
If you shop using the Purse Chrome extension, you are entitled to a 15% discount on Amazon products using Bitcoin or Bitcoin Cash.
Crypto payment processing company Moon also allows lightning-enabled wallets to buy at the online store using a browser extension. Moon also facilitates purchases with other companies including Target, Domino's, Etsy, Aliexpress and Ebay.
AT&T is the first major U.S. mobile carrier to accept cryptocurrency payment option for customers through BitPay. The customer can pay in Bitcoin and BitPay verifies the funds and accepts the Bitcoin on behalf of the AT&T.
Dating-focused social networking site Badoo is now allowing its more than 200 million users to pay for premium features using Bitcoin in more than 20 countries. Bitcoin's advantages over other payment methods including its low processing fees and ability to limit charge backs were the contributing factors for accepting Bitcoin payments.
The company was among the first travel agencies to accept Bitcoin payments back in 2013 through Coinbase. Since then, CheapAir has processed cryptocurrency payments worth exceeding $5,000,000. To better serve cryptocurrency users, CheapAir CEO Jeff Klee said that the firm will soon accept Ethereum.
ExpressVPN are a leading service provider of Virtual Private Network's (VPN). It is used to secure your connected device and protect your online traffic against snooping, interference, censorship and hackers. ExpressVPN can act as a proxy, allowing its users to mask or change their location and surf the web anonymously from wherever you want.
Australia's favorite airfare booking and travel business that have rapidly expanded to become one of the world's largest travel agencies. One of its largest subsidiary, Corporate Traveler has announced it is accepting Bitcoin and Bitcoin Cash following increasing demand from clients.
Gyft are a leading digital gift card platform to easily buy, send and redeem gift cards from any device. They were one of the first major companies to accept Bitcoin as payment. Gyft allows Bitcoin payments to shop for hundreds of gift cards. Instant delivery. No fees.
18. JM Bullion
JM Bullion are a leading precious metals online retailer that allow its customers to buy gold, silver and other precious metals with Bitcoin. Those who make purchases using Bitcoin receive a 3% discount. The cryptocurrency payment option is facilitated by Bitpay.
KFC Canada jumped on the bandwagon and announced they will accept Bitcoin in exchange for the “Bitcoin Bucket”. The company processed payment through a third part vendor BitPay allowing customers to pay for their chicken with Bitcoin that has been purchased using a Canadian crypto exchange.
It's no surprise that one of the largest providers of cold-storage hardware wallets allows its customers to purchase using Bitcoin. Ledger are the creators of the first and only certified hardware wallet. Their affiliate program also pays out commissions in Bitcoin.
Namecheap are a service provider for registering, hosting, and managing domains. The company accepts Bitcoin payments to purchase domains, web hosting and SSL certificates for online entrepreneurs and businesses. It made the decision to accept Bitcoin based on public feedback.
A leading tech-focused e-retailer with a global reach into more than 80 countries in Europe, Asia Pacific, Latin America and the Middle East.
Newegg the latest in consumer electronics, entertainment, smart home and gaming products. The website is consistently ranked as one of the best online shopping destinations, and the company regularly earns industry-leading customer service ratings.
Overstock is a popular U.S billion dollar online retailer that sells high quality merchandise at lower prices due to overstocking products. U.S and international customers can shop and buy things using Bitcoin at Overstock.com through a partnership with Coinbase.
Playboy TV announced plans to launch an online payment wallet to support a number of cryptocurrencies across the company's online media, digital and casual gaming business.
You will soon be able to pay for your frappuccinos courtesy of a new partnership with Microsoft. The new digital platform will allow customers to spend Bitcoin at the coffee giant and other cryptocurrencies.
Mocha lovers can order and pay for their coffee on the Starbucks app through the iPayYou application. In addition, the platform automatically converts Bitcoin into USD through the Bitcoin Direct tool.
The famous fresh sandwich franchise, Subway, began accepting Bitcoin in 2013. So now, customers can make Bitcoin payments on several Sunway stores. However, as the company is set up as a franchise, not every store has chosen to accept Bitcoin. Nonetheless, Subways uses NOWPayments as the Bitcoin payment processor and accepts other cryptocurrencies as well.
TradingView is an extremely popular online platform for charting and trading with elements of social network for traders and investors. The website provides various types of traders the tools to share and view trading ideas among each other.
28. USSA Bank
Yes that's right. USSA is one of the only banks in the world that accepts Bitcoin. USSD Bank allows customers to check your account balances, transactions and track your Bitcoin wallet in the one place. The first major bank to invest in an exchange through an integration application with Coinbase.
The Australian travel agency Webjet was the first online travel agency to accept Bitcoin for flight and hotel bookings. Offering a straightforward checkout process to allow customers to make purchases. Webjet has since partnered with Microsoft to create the first blockchain for hotel bookings which will be a world-first.
Bitcoin at its core is often considered incapable of performing day to day transactions with investors buying into crypto for speculative purposes. However, as more companies embrace Bitcoin as an accepted digital payment method, Bitcoin will fulfil its own prophecy of becoming the preferred way of payment, in particular with the Lightning Network.
Third parties such as NOWPayments, Square, and even VISA or Mastercard will make it easier for businesses to accept Bitcoin increasing Bitcoin's odds of attaining mass adoption.
Kevin is the founder and chief editor at HedgewithCrypto that he started in 2019 which has reached over 1.5 million visitors worldwide. He is passionate about cryptocurrency as an emerging technology and is heavily involved in the fast-growing fintech space. An experienced trader growing his portfolio since 2016, he has a strong understanding of investing in the crypto market using exchanges, brokers and derivatives platforms.