What companies accept bitcoin as payment? List of 20 Major Companies
Over the years, Bitcoin has dominated in the cryptocurrency market and has swept the world. As the current leading and most popular digital currency, Bitcoin has been widely accepted as a legal source of funds by many companies. For example, you can now use cryptocurrencies to recharge your Microsoft account. However, Microsoft is not the only company today to accept cryptocurrencies. Let's introduce which companies have accepted Bitcoin as payment and transaction methods.
Bitcoin as a payment method
Who accepts the user's Bitcoin payment and how to use digital coins to pay.
Bitcoin (BTC) is by far the most popular crypto coin. More and more people have begun to invest in digital currencies, and it is rapidly becoming a widely accepted payment method. Payment technology is developing, and the company is starting to accept Bitcoin. But where can you use Bitcoin as a payment method?
Although the altcoin is expanding, BTC is the most commonly used payment method for companies and small merchants.
Why do online stores use Bitcoin as a payment method?
As consumers and online stores aware of their potential, other cryptocurrencies such as Bitcoin and Ethereum are becoming more and more widely accepted. On May 4, 2022, the market value of Bitcoin alone exceeded US $ 740 billion. The market value of Ethereum is $ 344 billion.
Goldman Sachs predicts that the digital economy is an opportunity worth $ 8 trillion. As the market continues to grow, online stores that accept Bitcoin and other cryptocurrencies are preparing to enter the market.
Accept Bitcoin positioning your company as industry leaders and let your business appear in front of new potential customers. But now use Bitcoin has great advantages.
Reduce transaction costs
Because cryptocurrencies do not depend on third -party banking institutions, the cost of each transaction can be greatly reduced. Merchant credit cards, bank cards, PayPal and other payment processing services charge 2.9% or more fees.
You can completely avoid the handling fee by saving bitcoin into your personal wallet directly. You can also choose to use third -party services such as Coinbase. Their maximum cost is 1%, and the minimum can be as low as 0%, depending on the transaction amount.
Due to the built -in security of the blockchain, Bitcoin transactions are safer than credit cards or other digital transactions. Advanced encryption technology can securely store and transmit data, so only expected receivers can receive, read and process information.
Enter a larger market
At present, more than 19,000 cryptocurrencies are available, and this number is growing every day. Morgan Stanley recently reported that Bitcoin is in the point where the digital and physical world is more widely used.
Due to the low cost of encryption, merchants are promoting this growth, but consumers are also looking for how to use their cryptocurrency outside the digital world.
Bitcoin and other cryptocurrencies do not need to deal with foreign currency exchange. Consumers from anywhere in the world can shop on e -commerce websites, no matter where they are.
Easily converted to legal currency
Bitcoin transactions can maintain digitization, and can also be converted into US dollars, euros or pounds through third -party processors such as Coinbase, BitPay, Bitcoin ATM, Bitcoin Exchange or Coingate. The exchange rate is not affected by the economic behavior of the state or bank.
Bitcoin's exchange rate is based on demand. Bitcoin's anonymous creator Satoshi Nakomoto restricted Bitcoin output to 21 million. So far, 18.74 million pieces have been mined. As scarcity increases, demand will increase.
Although this will bring some fluctuations, this also means that you can hold bitcoin until it is more favorable to change it.
The company that accepts Bitcoin
This is a list of the largest places that accepts Bitcoin, such as Microsoft and WHOLE FOODS.
First of all, we must look at the company that accepts Bitcoin. There were some early adopters, but most of them recently accepted the payment of this digital currency. These big companies are companies you can pay through Bitcoin:
1. American Telegraph Corporation (New York Stock Exchange code: T)
Among the top 15 major companies that accept Bitcoin as a payment method are AT & T Inc. (New York Stock Exchange code: T). AT & T Inc. (New York Stock Exchange code: T) is the world's largest telecommunications company. AT & T Inc. (New York Stock Exchange code: T) accepts Bitcoin online billing payment through cryptocurrency payment processor Bitpay, and announced the decision in 2019, becoming the first American in the United States to provide users with encryption to users Main mobile operators of currency payment options.
2. Microsoft (Nasdaq's stock code: MSFT)
Microsoft Corporation (Nasdaq: MSFT) is one of the largest software companies in the world and is considered one of the five major technology companies in the United States. Microsoft (Nasdaq's stock code: MSFT) began receiving Bitcoin payment in its online store in 2014.
3. Bayerische Motoren Werke Ag
BMW is one of the largest automakers in the world. This German car manufacturer is famous for its luxury cars and luxury motorcycles. Some BMW dealers in the UK have accepted Bitcoin as a payment method for new cars or used cars.
4. Jiahebao Company (New York Stock Exchange code: HD)
The Home Depot, Inc. (New York Stock Exchange: HD) is the largest home decoration retailer in the United States and one of the largest companies in the world. The Home DEPOT, Inc. (New York Stock Exchange code: HD) has nearly 500,000 employees. In addition to Mexico and Canada, it also conducts business in all states in the United States and has 70 distribution centers across the United States. The Flexa store's checkout system allows to pay through Bitcoin.
5. Starbucks (Nasdaq's stock code: SBUX)
Starbucks (Nasdaq's stock code: SBUX) is one of the world's largest coffee chain stores. It has nearly 34,000 stores in 80 countries/regions, of which nearly half of them are located in the United States. Starbucks (Nasdaq's stock code: SBUX) is said to be behind the scenes of the rise of the second wave of coffee culture, providing various types of snacks and beverages. Starbucks (Nasdaq's stock code: SBUX) has established a partnership with digital wallet provider Bakkt, allowing customers to pay through Bitcoin.
6. Beibao Holdings Company (Nasdaq Stock Code: PYPL)
PayPal Holdings, Inc. (Nasdaq's stock code: PYPL) operate online payment system, and currently conducts business in dozens of countries around the world. PayPal Holdings, Inc. (Nasdaq's stock code: pypl) allows you to buy, sell or hold cryptocurrencies.
7. Virgin Group
Virgin Airlines Virgin Airlines and Virgin Mobile have accepted Bitcoin as service payment.
8. Whole Foods Market Inc. (Nasdaq's stock code: WFM)
Whole Foods Market Inc. (Nasdaq's stock code: WFM) is Amazon's subsidiary, Amazon is one of the world's largest retailers. Whole Foods Market Inc. (Nasdaq's stock code: WFM) you can also use Bitcoin and other cryptocurrencies in the United States and Britain.
9. Lotte Company
Since 2021, this Japanese online retailer has been allowed to pay through Bitcoin.
10. delicious! Brand Company (New York Stock Exchange code: YUM)
Yousheng! Brands, Inc. (New York Stock Exchange: YUM) is a fast -food company, which has some of the most famous fast food brands such as KFC, Tacha and Pizza Hut. Pizza Hut, one of the biggest brands of Yum! Brands, Inc. (New York Stock Exchange: YUM) announced at the end of 2020 that it will accept Bitcoin payment at Venezuela.
11. Restaurant Brands International Inc. (New York Stock Exchange code: QSR)
Restaurant Brands International Inc. (New York Stock Exchange: QSR) is the owner of the Burger King. In addition, there is a widely popular Canadian coffee chain Tim Hortons. The merger of the two companies is worth $ 12.5 billion. The Burger King in Germany has begun to accept Bitcoin payment.
12. Norwegian Airlines
Norwegian Airlines is Norway's largest airline. The company invested in a Norwegst Currency Exchange to pave the way for the payment method of receiving cryptocurrencies as its service.
13. OverStock.com, Inc. (Nasdaq stock code: OSTK)
OverStock.com, Inc. (Nasdaq's stock code: OSTK) is an American retailer that sells mainly furniture. OverStock.com, Inc. (Nasdaq's stock code: OSTK) became the world's first large retailer in the world to accept Bitcoin as a payment method. However, Bitcoin payment accounts for less than 1%of the company's daily cash intake.
14. ETSY, Inc. (Nasdaq's stock code: ETSY)
Etsy, Inc. (Nasdaq's stock code: Etsy) is an American e -commerce company. Etsy, Inc. (Nasdaq's stock code: ETSY) has more than 100 million pieces of goods on the market. Etsy, Inc. (Nasdaq's stock code: Etsy) has many different products that can be purchased through Bitcoin.
15. Coca -Cola AMATIL Co., Ltd.
As one of the biggest distributors of Coca -Cola, the Coca -Cola AMATIL announced in June 2020 that its automatic vending machine will also accept cryptocurrencies as a payment method.
Several Subway branches accepted (or the past acceptance, and the current state is unknown) Bitcoin as the method of pay for their sandwiches.
Another pioneer is Wikimedia, which is the company behind the well -known open source encyclopedia. They also accepted Bitcoin in 2014 to allow people to pay donations. This was the second place on the list, but after May 2022, they no longer accept cryptocurrency donations.
There are several arguments in Wiki media, such as concerns about the environment, risk of fraud, and only 0.08% of the total donation. The total amount of donations is received through cryptocurrencies. The company announced that they temporarily stopped encrypted donation options, but they would closely pay close attention to the development of the situation. With the improvement of security and stability, BTC may once again become an acceptable payment method.
Finally, OverStock is one of the Bitcoin suppliers who accept digital currency as a payment option and hold BTC. OverStock is a technical -driven online retailer that is committed to creating a dream home for everyone.
This is already the fifth consecutive year of this large e -commerce company not only accepts Bitcoin, but also all cryptocurrencies, including Ethereum, Litecoin, Dash (DASH) and Bitcoin Cash (BCH).
19. Home Depot
Among the stores that accept Bitcoin, there is one of the largest hardware chain stores in the United States Home Depot. Customers can use the most famous digital currency to pay, but the currency will be immediately converted to the US dollar because the Home DEPOT's balance sheet only needs the dollar. This means that you can build and rebuild your entire home as a customer, and only cost Bitcoin.
20. WHOLE FOODS
Supermarket company WHOLE FOODS allows customers to pay with Bitcoin, just like Home Depot. The technology behind the store concept transforms digital coins directly to the US dollar, using the same technology as other Amazon.
Whole Foods not only accepts Bitcoin as a payment method for its stores, but also upgrades to SpEDN applications so that users can use Bitcoin and Litecoin (LTC) to buy food grocery.
The above content introduces 20 well -known companies and brands that currently accept Bitcoin payment. However, there are more lists that are not on the above list, because more and more companies accept Bitcoin payment. If you are considering using cryptocurrency payment, please pay attention to the potential tax effect. As far as the US State Taxation Agency is concerned, when you spend your cryptocurrency, you are selling it. Therefore, you may need to pay capital for the transaction -and you need to track these purchase behaviors carefully.