Top businesses accepting Cryptocurrency as payment option

bitcoin trading

Cryptocurrency is slowly becoming common and acceptable in several parts of the world if not all. It is gradually being acknowledged not only for its unique feature of being solely digital but also for its purpose of serving as a cashless payment method in selected financial transactions.

Digital currency or cryptocurrency is defined by Investopedia as a virtual currency that uses cryptography or encryption for security. It is “difficult to counterfeit because of this security feature.”

As of press time, there is an estimated number of 2,300 cryptocurrencies available in over 19,400 markets as per the data presented by Coin Market Cap. With this growing number of cryptocurrencies, businesses and industries are starting not only to hold digital coins, sell and buy bitcoins with cash along with other virtual coins, but are now also accepting cryptocurrencies as payment methods in exchange with their products and services.

Here’s a list of the major businesses that will accept your cryptos as payment, for you to checkout!

Gyft

This company is known to be the second digital gift card platform that accepts Bitcoin as payment. Gift cards are considered a very common, convenient, and valuable option for cryptocurrency holders. These gift cards with over 200 retailers are within the categories of restaurants, travel, apparel, health and beauty, accessories, entertainment, electronics, gaming, and many more.

Its retailers include Sephora, Whole Foods Market, Target, Walmart, Starbucks Coffee, Apple’s App Store, and iTunes, eBay, Dunkin’ Donuts, The Home Depot, Lowe’s, Macy’s, Nike, Southwest Airlines, and hundreds more.

Microsoft

Microsoft Corporation is a multinational company based in the United States, which is known to develop, manufacture, license, support, and sell computer software, consumer electronics, personal computers, and other services related.

Bitcoins can be deposited into your Microsoft account, which can be used to buy games, applications, and movies that can be found in the Xbox and Windows stores. Microsoft is not yet accepting bitcoins as payment for the products in their Microsoft online store.

Shopify Stores

This website’s mission is “to make commerce better for everyone ever since.” It allows businesses to build and sell their products online, in retail stores, and on the go. It is similar to eBay or Etsy that grant merchants to create their own online stores to sell their products or goods.

Shopify merchants, which are over 75,000 in number have received the choice to start accepting bitcoin payments, in 2013.

Newegg

One of the popular electronic retail giants known as Newegg is now accepting Bitcoins as payment. This website partnered with BitPay as its processing partner for payment transactions for virtual currency. 

In terms of purchases, Newegg does not accept bitcoin for will-call orders, digital Newegg gift cards, marketplace items, subscription orders, pre-orders, premier memberships, and return shipping labels. For these products and services, you can explore Newegg’s available payment methods, which include Visa, MasterCard, Paypal, American Express, and many more.

Citibank

While this might be strange for others, there are banks accepting bitcoin and other cryptocurrencies across the world despite the fact that most of the disagreements and resistance come from this institution.

One of the many banks that do is Citibank. Founded in 1812 in New York, Citibank tried exploring the distributed ledger technology in 2015 and adopted its very own digital coin dubbed as Citicoin.

Investors can invest in cryptocurrencies through Digital Asset Receipts (DAR) that would allow them to buy cryptocurrencies with “insurance, protection, transaction monitoring, and other systems that are required by the financial regulators of the US.”

CheapAir

For those who are up for travel and adventure, CheapAir is one of the airlines that accept cryptocurrencies like Bitcoin, Litecoin, Bitcoin Cash, and Dash for flight and hotel accommodation bookings.

Launched in 1989, this company started accepting digital currencies in 2018 and was considered to be the first-ever online travel agency to allow virtual coins as payment.

Rakuten

This Japan-based e-commerce firm updated its Rakuten Pay mobile application with an added feature of supporting cryptocurrency payments aside from the traditional fiat. They have started accepting cryptos in 2015 through a bitcoin payment processor known as Bitnet.

Just this year, it was reported that Rakuten has also started accepting account registrations for its very own and new cryptocurrency exchange dubbed as Rakuten Wallet.

Virgin Galactic

For those who are up for an out of this world adventure, brace yourself for this. The world’s first-ever commercial spaceline known as Virgin Galactic is now accepting cryptocurrency in exchange for an exciting and extraordinary space flight experience.

Overstock.com

This huge online retailer started accepting bitcoins in 2014. The wide variety of products that they are selling gives the customers a good option on where to spend their bitcoins. You can buy almost everything like gadgets and furniture among the many categories. Overstock also accepts other cryptos like Ethereum, Litecoin, Monero, Bitcoin Cash, and Dash.

Zynga

In 2014, the social gaming giant Zynga has announced that bitcoins will be accepted for in-app payment in certain games through the payment processor BitPay. Zynga is known for its famous games, including FarmVille, Zynga Poker, 1010! and others. 

These are just some of the hundreds or thousands of businesses today that accept bitcoins and other cryptocurrencies. If you are just new to the world of crypto, make sure to learn the must-knows of the specific cryptocurrency you are about to buy.

There are numerous cryptocurrency platforms that also offer free bitcoin wallet for newbies. 

It’s better to scout for a good crypto exchange platform where you can start your deal and the thrill of being a crypto enthusiast.

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