10 Companies That Accept Bitcoin As Payment
As the idea of cryptocurrency becomes more mainstream, we see it being accepted by more and more companies as an alternate payment method. There are plenty of reasons why this option is good for everyone involved, but not every kind of cryptocurrency is accepted by larger companies.
Bitcoin, one of the pioneering cryptos currently on the market, has reached a level of legitimacy that’s causing many large companies to accept it for transactions. If you’re just starting out gathering Bitcoin for yourself, or if you’ve been at it for a while and want to know where you can use it, we can help.
The following are just some of the larger companies that accept Bitcoin as payment, and you might be surprised by some of the places on this list. This compilation isn’t exhaustive, but it does show just how far Bitcoin has come and how far it could go in the future as an effective form of payment for a wide variety of transactions.
AT&T
As the largest telecommunications company in the world, it’s pretty incredible to see AT&T be so quick to adopt Bitcoin as a form of payment for their services. They are the first mobile carrier in the United States to accept Bitcoin through BitPay, allowing customers to pay their bills online using Bitcoin. Considering the number of people who receive a cell phone bill every month, it’s really incredible to see Bitcoin listed as a way to pay for it.
PayPal
Another common option for making payments online is PayPal. While you would traditionally fill up a PayPal wallet with fiat currency, you don’t have to use PayPal like that if you have Bitcoin. PayPal doesn’t just allow you to hold crypto in a wallet; they also allow you to buy and sell crypto using their platform.
Microsoft
A very early adopter of accepting Bitcoin for payments, Microsoft is a familiar company to anyone who uses cryptocurrency. The Microsoft online store accepts Bitcoin payments in lieu of traditional currency for a wide range of products. Xbox products, computer hardware, and software programs are all available for purchase with Bitcoin.
Starbucks
As outrageous as it may sound, you can buy your morning coffee using Bitcoin at Starbucks locations around the world. Starbucks Corporation has partnered with Bakkt, a provider of digital wallets, and you can use one such wallet to pay for your drinks quickly and easily with Bitcoin. This may just be the beginning of crypto’s widespread use for simple, everyday purchases.
Home Depot
If you’re looking to make some improvements to your home, maybe even adding a little more space for some Bitcoin mining equipment, then Home Depot probably has everything you need. Luckily for investors in crypto, Home Depot does take Bitcoin as payment in their stores all over North America. Using a checkout system from Flexa, shoppers can easily use their Bitcoin to pay for the supplies they need.
Twitch
For those who enjoy streaming entertainment rather than traditional television, using Twitch.tv just comes naturally. Although initially wary of adding the ability to use Bitcoin for their services, the option is available for streamers and viewers alike. The next time you want to send a donation to your favorite streamer, make it even easier by using Bitcoin.
Newegg
Anyone into crypto trading or mining will spend a lot of time on their computers, so it’s worth the effort to make sure you have a high-quality system. Newegg is a familiar name for many people who build their own computers or regularly make upgrades to their devices. Now, you can get the upgrades and hardware you need by paying for them with Bitcoin as well as traditional methods.
Rakuten
A more recent addition to the list of online retailers that accept cryptocurrency payments, Rakuten may help you find just what you need if you can’t seem to locate it anywhere else. With some of the more popular online retailers still not accepting Bitcoin just yet, you might have better luck buying what you need from Rakuten.
Overstock
Overstock.com was actually one of the very first online retailers to accept Bitcoin as a legitimate payment method. The site mainly offers furniture you can buy at a discount because they are products that were overstocked—hence the company’s name. It’s a great place to go to start furnishing your home while using your Bitcoin instead of traditional currency.
Etsy
When you need something with a more personal touch, or if you’re looking for niche products that larger retailers just don’t stock very often, Etsy is always a reliable choice. A great source of personalized gifts and unique items, this site gives you the ability to purchase items using your Bitcoin just as easily as if you were to use cash.
Benefits of Paying With Bitcoin
Now that you know quite a few companies that accept Bitcoin as payment, what is the actual benefit of using this feature? Mining and trading cryptocurrency is one thing, but you might be wondering why you would want to make these smaller transactions using Bitcoin rather than traditional currency. There are plenty of reasons you might prefer to use Bitcoin for these kinds of transactions. Here are just a few:
- Anonymity and Privacy—Everything you do online is monitored nowadays. Using crypto offers more privacy through the blockchain and allows you to keep your anonymity should you wish.
- Online Simplicity—Rather than relying on setting up bank accounts or credit cards, cryptocurrency wallets make online transactions extremely simple and much faster than centralized banking.
- Lower Transaction Fees—Cryptocurrency transactions aren’t subject to nearly as many fees or to fees that are as expensive as traditional financial transactions. Using your Bitcoin for these transactions prevents unnecessary fees from draining your account.
Despite being around for a number of years now, cryptocurrency is still slowly becoming accepted by more and more retailers all over the world. When you want to start taking cryptocurrency more seriously or start mining it for yourself, BT-Miners is here to help. We can provide you with all the equipment you’ll need to get started on the right foot.
