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Cryptocurrencies have been gaining interest and traction, particularly with big companies beginning to accept crypto as payment. While a vast number of organizations still don’t accept digital currencies, many are starting to use them as valid forms of payment. In this article, we’ll go over some of the major corporations that accept cryptocurrencies. Start your trading journey by using a reputable trading platform like LimmerCoin.
PayPal
PayPal was ahead of its time when it started accepting Bitcoin three months before Microsoft in September 2014. While Bitcoin (trading then as XBT instead of BTC) was described by CNN as “an independent, government-less currency” and not yet widely adopted among consumers, businesses saw the appeal. The crypto’s transaction fees were significantly lower than the 2%-3% charged for credit card transactions – a major draw to companies looking to save on costs. In this way, PayPal drew more merchants to their platform.
Whole Foods
In May 2019, Flexa and Gemini took a major step forward in the development of cryptocurrency payments. Through their joint platform, large retailers such as Whole Foods were able to integrate digital wallet systems like Apple Pay with Flexa’s technology which converts Bitcoins into dollars instantly. This groundbreaking venture brought forth huge opportunities for mainstream cryptocurrency utilization by customers everywhere.
Starbucks
Starbucks said in March 2020 it was going to join the Bitcoin movement before the onset of the pandemic. You can make use of the Starbucks app to buy your goods, though you do not need to spend on them. This upgrade has been made possible through a third-party electronic wallet application known as Bakkt which transforms Bitcoin into US dollars and also makes payments attainable as well as immediate.
Home Depot
The Home Depot is likewise with the Winklevoss/Flexa method that helped Whole Foods to recognize Bitcoin payments without needing to invest in costly innovations. Flexa immediately transforms Bitcoin into US dollars, and that is precisely what buyers as well as businesses need. Home Depot receives the cash they need in return for the painting as well as tools, as well as the purchaser can invest their Bitcoins on the investment.
Etsy
The platform for taking Bitcoin payments isn’t presently on Etsy, however, in case they choose to do so, independent merchants can accept Crypto in their shops. If an alternative is supplied for employing an alternative payment method, that’s up towards the seller. Buyers can then email their customers with their payment choice, in this instance, it is going to be Bitcoin. The buyer replies to the transaction using a Bitcoin address. There is an area on the Etsy Community discussion board devoted to Bitcoin, in which you will get directions regarding how to promote your acceptance of Bitcoin and precisely how to create the transaction sleek and simple.
Newegg
Newegg is different from some other internet stores, as they do not need you to purchase Crypto via an app or third-party service. For customers that happen to be purchasing by way of a PC, they just select “Pay with Bitcoin” and go through the steps of payment. Newegg additionally offers buyers a QR code which they could check on their cell phones. Newegg additionally provides Cryptocurrency mining starter kits for people that wish to start mining Bitcoins.
