Who is accepting bitcoin

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Brokers Top Broker Picks. Robo Advisor and Crypto Picks. Mortgages Top Picks. Insurances Auto Insurance. Loans Top Picks. Thinking about taking out a loan? Knowledge Knowledge Section. Recent Articles. More online stores are opening up to accepting Bitcoin as a form of payment from their customers. There are many other small e-commerce stores that accept cryptocurrency for purchases. Some industries even have custom cryptocurrencies, which serve like means of payment between parties.

The use of cryptocurrency is on the rise as it has many benefits, such as security, speed, minimal transaction fees, easy to store and manage and relevance in the digital era. Expedia teamed up with Coinbase in implementing the world's largest travel booking agency found online. Since mid , users have been able to make hotel bookings using the Bitcoin payment option. Expedia currently accepts Bitcoins for hotel bookings only, but are expected to expand to include flight bookings and other activities.

Microsoft users can use Bitcoin to purchase games, movies and apps in the Windows and Xbox stores, as well as the Microsoft online stores. Since , Virgin Galactic, a commercial space flight venture owned by Entrepreneur Sir Richard Branson, that includes companies such as Virgin Mobile and Virgin Airline, accepts purchases using Bitcoin. You can even pay for space travel with Bitcoin. By that time — before COVID boosted Overstock to its current status as one of the hottest e-commerce platforms in the world — it was already a Bitcoin veteran.

In January — a full nine months before PayPal took the plunge in September of that same year and nearly a year before Microsoft — Overstock became the first major retailer to accept Bitcoin as payment. In May , a cryptocurrency dam broke when a payments startup called Flexa joined forces with Gemini, a digital currency company owned by the Facebook-famous Winklevoss twins.

The technology instantly converted Bitcoins into dollars for seamless purchases. One of the first of those big retailers to adopt the technology was Whole Foods. The seller then responds with a Bitcoin address to complete the transaction. The Etsy Community forum has a special page dedicated to Bitcoin with tutorials that explain how sellers can advertise that they accept Bitcoin and how to make the process go smoothly.

In March , just as masks began covering faces across America and the world, Starbucks announced it was joining the Bitcoin revolution — kind of. Like Etsy, Starbucks dipped its toes in the water instead of diving right into accepting crypto as cash.

That upgrade was made possible by a third-party digital wallet app called Bakkt that converts Bitcoin to dollars to make payments not just possible, but instantaneous. Unlike some of the others that require you to convert crypto to cash through an app or third-party service, Newegg just lets you pay outright. For shoppers making purchases with their phones, Newegg will send a QR code to scan. Flexa converts Bitcoin to dollars instantaneously, which gives both parties what they want.

The buyer gets to spend their Bitcoins when they buy their paint and Ryobi tools, and Home Depot gets the green dollars they require in exchange. As part of a global Bitcoin rollout, the company started with Rakuten. Rakuten made it possible by integrating the Bitnet payment processing platform into its own marketplaces. It has since developed Rakuten Wallet, which has expanded to support altcoins like Bitcoin Cash and Ethereum.

Users can now charge their Rakuten Cash balance using crypto assets. Twitch is the pound gorilla on the streaming video platform block. Like Whole Foods, Twitch is owned by Amazon. Lush was one of the first global companies to adapt to the use of cryptocurrencies, fully embracing them in when the handmade cosmetics company started to allow Bitcoin payments for orders on its website through a partnership with Bitpay. This content is not available in your region.

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