The number of global crypto owners is expected to reach 1 billion by the end of 2022. The global crypto population has increased by +178% in 2021, rising from 106 million in January to 295 million in December. Some companies can accept BTC if you pay for their services via third-party, for instance, a crypto platform or a large exchange, while others make it easy for their customers to pay them directly. A wide range of small businesses around the world have also started accepting Bitcoin.
For instance, Arnhembitcoinstad lists a number of small companies where you can pay with crypto. Merrick Theobald, vice president for marketing at BitPay, said that more restaurants have adopted crypto payments because they are typically fast with next business day settlement and cost little in fees, opening up more potential sales for businesses. ‘High turnover and constantly training employees to take crypto payments may dissuade some restaurants,’ said Theobold, ‘And that’s because employees often lack understanding of how crypto works.
Fans of Starbucks can buy their cup of coffee with BTC by loading the cryptocurrency onto their Starbucks app starting March 2020.
The company started accepting BTC in 2014.
The company ships very real, high-end consumer electronics and home furniture right to shoppers’ doors.
To complete Bitcoin transactions on whole foods, you will use the Flexa platform, which converts Bitcoin into dollars immediately.
Its website has a ‘pay with Bitcoin feature’ at check out, so any customer can easily pay for the goods with the most popular digital currency.
Twitch fans can donate to support streamers using Bitcoin , Ethereum , Litecoin , and Bitcoin Cash .
Businesses to Accept Cryptocurrency Payments — New Players on the Market?
A number of others have announced that they are about to begin working with digital crypto payments.
In late June, Farfetch, the leading global platform for the luxury fashion industry, announced that it’s about to start accepting crypto payments via Farfetch Marketplace later this year. The website will initially accept seven cryptocurrencies including Bitcoin , Ethereum , Binance Coin , among others.
Balenciaga will start accepting Bitcoin and Ethereum as crypto payments, while the official payment solution provider is yet to be confirmed.
Does Amazon Accept Bitcoin?
At the moment, Amazon doesn’t accept Bitcoin or other cryptocurrencies directly. The company’s Chief Executive Officer Andy Jassy said the e-commerce giant is not close to adding cryptocurrency as a payment option to its retail business, in an interview with CNBC in April 2022.
Does Tesla Accept Bitcoin?
From March to May 2021 Tesla accepted Bitcoin as payment. Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the environment. No manufacturers in the UK are offering Bitcoin buying options, however, you can buy cars with Bitcoin from some independent dealers in the UK.
Source: SEAN POLANE | POLANECONSULT.COM