5 major companies in the world that have started to accept Bitcoin as a means of payment:
Cryptocurrency is becoming a global trend in the financial world. In this bitql.cloud, no one wants to be left behind in this trend. Almost every big name in business is coming forward to accept cryptocurrency as a new era currency. We can see the Bitcoin growth pattern all over the world. How industrialists, local business owners, businessmen and entrepreneurs, and even ordinary people do not want to let this opportunity to own Bitcoins.
Bitcoin has made its way to the trading markets. Now you can use Bitcoins to buy goods and services. So how can companies sit idly by? They too have started to accept Bitcoin as a means of payment. Here we are with the top 5 companies in the world, which accept Bitcoins as payment.
Microsoft is one of the largest companies in the world that accepts bitcoin as a form of payment. 2014 was a year full of Bitcoin scandals, but it was popular for all the wrong reasons. This is also the year that companies like Microsoft started accepting bitcoins as payment. This came as a surprise to some, but is considered one of the most important decisions made by a company like this.
The company accepts cryptocurrencies for games and apps and some digital content available on platforms such as Windows Phone and Xbox. After this decision of Microsoft accepting Bitcoin as a means of payment, a great impact was created in the market. Many other companies are coming and bitcoin as a means of payment.
Whole Foods is a company owned by Amazon but, surprisingly, it has started accepting Bitcoin as payment. It was a surprising decision because Amazon itself does not accept Bitcoins as payment. A payment startup called “Flexa” has teamed up with a digital currency company called “Gemini” to develop technology to facilitate the process of Bitcoin transactions.
This technology worked on the previous method of scanning and paying using Apple Pay and other apps like it. This technology facilitates the conversion of Crypto into other currencies to make payment. So you can easily scan and pay using cryptocurrency with this technology. Whole Foods has been one of the biggest companies to embrace this method.
Paypal is itself a digital payment platform, but after 3 months of Bitcoin acceptance by Microsoft, they too jumped on the trend. Many international media companies have declared Bitcoin as an independent currency that is not controlled by any government, unlike all other traditional currencies. This all happened due to the bitcoin scandal in 2014.
Instead, a giant company like Paypal showed up to accept Bitcoin as payment. This move by PayPal worked in the company’s favor to attract more customers. As Bitcoin transactions were cheaper than other currencies. This was to expand the business and save taxes.
Starbucks is another great company on this list that accepts bitcoin as payment. Who does not know Starbucks, it is a global company and has a very large number of customers. This 2020 company has announced its participation in the Bitcoin revolution. Starbucks does not take Bitcoins directly, but uses a different technology through which Bitcoin is converted into another acceptable currency.
It is a digital payment application that makes this payment possible and does not even take much time. You can instantly pay via Bitcoins at Starbucks by adding Bitcoin to things like gift card balance and frequent flyer miles. This means that Starbucks accepts Bitcoin but does not take it in digital form.
Twitch is another big Amazon-owned company that accepts Bitcoin as payment. This company started using cryptocurrency as a means of payment in 2014, later phased out in 2019, and started again in 2020. Twitch not only accepts Bitcoin, but also other cryptocurrencies like Etheruem and others less used parts.
Twitch is a video streaming platform that also accepts Bitcoin cash with the digital form.
Here are some of the best companies that accept bitcoin payments. But apart from these companies, there are many other big companies, industries and businesses that invest and trade in cryptocurrency.
We cannot deny that cryptocurrencies are becoming popular and offering high returns on investment. Instead of all the scandals and frauds, it’s always safe to invest.