More than 14 percent of Americans use cryptocurrency. Mostly, they use it to avoid the direct use of cash and banks. There are many countries similar to the US that deals with digital currency as it is one of the direct ways of paying instead of using any intermediary sources for payment. It has brought a revolution to the payments or transactions for buying and selling products.
The convenience of transactions is realized by both the companies accepting the cryptocurrency and the buyers. It has increased the use of crypto coins, hereby to explain their emergence and acceptance by different companies are as follows:
Overstock.com
The acceptance of bitcoin by Overstock started in the year 2014. They were aware of the digital currency emergence. As well as, they know the increasing demand for crypto coins in the future. The company holds one of the successful businesses online, it is the first retail company to accept bitcoin in the blockchain.
They have partnered not only with bitcoin but also with the coin base. Customers can pay directly to the company from any part of the world.
Overstock already has a large number of customers who use bitcoin and coin base to pay the company after they place their order. It help the company to sustain even during the covid-19 lockdown when businesses were going down.
Microsoft
Microsoft is one of the largest company of technologies. They are aware of the different advanced computerized and digital hikes in the future.
The company is also an early acceptor of bitcoin since 2014. It was a time when people hardly knew about the operation and benefits of cryptocurrencies.
Microsoft took the initiative to begin the payment methods through Bitcoins. They accepted bitcoins for various apps, games, and other digital criteria. However, it was not an easy time for the business to take the challenges.
There are also news of hacks and losses in the world of cryptocurrency. Microsoft now continues to accept bitcoins in different platforms with strong responses of buyers through the digital currency payment methods.
Whole foods
If you are buying groceries from Wholefoods, you can make easy payments through bitcoins. There is no need of paying through any other payment methods. When they are accepting digital coins. Whole food stands as the supermarket specifically for organic foods. It possesses the SPEDN application that is exclusively for crypto payment methods. People can easily pay through this app and purchase their goods.
The application was made specifically for cryptocurrency users so that they can conveniently pay for their organic food. They accept bitcoins through SPEDN as it is a network of digital payments that enables to provide access to both fiat and cryptocurrency. All the users need to top up their SPEDN account and purchase their goods or groceries.
Starbucks
In 2020, the Starbucks have started accepting crypto payments for their businesses. It has been almost due to the covid-19 that they decided to look for some better as well as different payment options. Blockchain is a revolution that has expressed its necessities during the time of the pandemic. When there was less possibility to pay through cash, it was the bitcoins paid digitally ensured a change in business and payments.
They have a partnership with Bakkt, a digital wallet provider through which customers can directly pay and buy Starbucks products. Customers also have the opportunity to convert the bitcoins into fiat before uploading them to the application.
Dallas Mavericks
In 2019, Dallas Mavericks had announced their partnership with Voyage Digital. They have signed for a partnership of five years. It is an NBA team of Mark Cuban. The best part of their acceptance is that their fans and followers can purchase tickets with bitcoins, Ethereum, Bitcoin Cash. They continue to use this as a part of their payment method with one of the popular cryptocurrency brokerage platforms.
Dallas Mavericks is the first team of the NBA, which is accepting crypto coins. They are used for the process of merchandising and paying for tickets.
These are some of the popular businesses that are accepting cryptocurrency. The Ethereum Code will always remain or exist as it is mostly used currency in the revolutionary digital payment methods. It can be expected that many companies will slowly use digital money methods as the top companies stand as a model of inspiration.
