Cryptocurrency is the latest currency as a medium of exchange for trading or exchanging a commodity against a product of your choice. Many countries and governments are trying to accept and regularize Cryptocurrency, and many others are trying to ban it altogether. The reason for banning it is to stop promoting crime and unregulated funds exchange. If you are interested in cryptocurrency trading click here so you can get more trading ideas,
The profitability of cryptocurrencies highly relies on their acceptance by the global market and their utility. It will only be profitable if used in the proper manner. Many global industrial chains and companies are now accepting Cryptocurrency to keep up with fast-paced industries and be a part of the trend.
Below is a list that includes some of these companies. Almost all of these will shock you in a way that you won’t be expecting to be a part of this list.
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PayPal
Paypal is the driving force behind all international businesses, especially e-shops and stores. PayPal accepted cryptocurrency payments earlier in 2015. The reason was to attract more businesses rather than customers. Although at that time, Cryptocurrency was not stable enough to get into.
As of today, PayPal offers its users to check out with Cryptocurrency for their payments. It converts Cryptocurrency into standard currency to make the payments. In a press statement, PayPal confirmed that all the transactions are done in Dollars.
Home Depot
The store that fulfills the hardware requirements of the whole United States offers its customers an option of payment using Cryptocurrency. It can enable an individual to build a house by paying through Cryptocurrency.
The procedure is simple. There is an option of payment via Flexa. It takes care of all the conflicts related to Cryptocurrency and does the job.
Starbucks
The most significant source of refreshments and coffee for individuals in the United States and Starbucks residing locations. Starbucks intended to accept direct Cryptocurrency payments, according to various reports.
Later clarifying the conflict, Starbucks referred to a third-party application that will enable the cryptocurrency payment option for your favorite drink at Starbucks. That application is the Bakkt app which is capable of making cryptocurrency payments.
Etsy
It doesn’t offer any direct option for accepting cryptocurrency payments but does not restrict the businesses on its platform from accepting Cryptocurrency.
Any business can offer and accept payment through Cryptocurrency in their payment options list. It will share the seller’s crypto address to process the transactions. There are tutorials for regularizing payments in crypto available on Etsy forums. And a marketplace option that accommodates all the stores accepting Cryptocurrency as payments.
Amazon
It is the biggest retailer on the internet. It accumulates small businesses and promotes them. A large number of people around the world benefit from Amazon, either a customer or a seller. Many earn by running these small businesses and e-shops just by managing them.
Amazon may not accept Cryptocurrency directly to avoid any conflicts, but some accept payments through third-party websites that accept Cryptocurrency like Bitcoin. One of these websites is Purse.io.
Microsoft
Microsoft is known and popular for its software systems. It started accepting cryptocurrency as payments in December 2014, right after PayPal’s acceptance and its integration of Bitcoin in the payment options.
The payments were drawn up to buy digital apps, games, software like Windows, and Xbox provided by the Microsoft store.
CheapAir.com
In the early years after the introduction of cryptocurrencies, CheapAir.com started to accept cryptocurrencies as payments and it became so convenient for all the customers. They offered acceptance of Bitcoin tokens in the payment facilities to book flights, hotels, and lodging.
As the years passed, CheapAir.com now accepts several cryptocurrencies such as BTC, BTC cash, Gemini, USD Coin, Ethereum, and others.
Conclusion
It is noteworthy to mention how cryptocurrencies have maneuvered through the maze of the global finance market and made their path. The trend of accepting Cryptocurrency as one of payment has an increasing gradient. Although many businesses, shops, and companies do not accept Cryptocurrency directly but have collaborated with third-party applications to smooth the process.
We may still have to wait to see more and more businesses and companies get on board the crypto voyage. Until then, an individual should understand Cryptocurrency concepts and trade by trading to get used to it as a payment medium.
