Over the past few years, more and more companies have begun to accept payment in cryptocurrency, or at the very least, implementing systems that will make it easier in the future. While complete adoption is still in the works, these steps are a great sign for cryptocurrency.
While many are going the Bitcoin route, some allow you to exchange LTC or Ethereum, and in some cases, a few companies have decided to make their own cryptocurrency for you to use. Here are 11 major companies that accept cryptocurrencies.
It’s no surprise that there is a major tech company on this list. Microsoft began accepting Bitcoin on its Xbox Store back in 2013, but due to volatility, it temporarily paused the option. However, the feature still pops up regularly and is usually tied to how well Bitcoin is trading at the time.
Overstock is widely regarded as the one company that is leading the way in crypto adoption, especially in the United States. The online retailer began accepting Bitcoin all the way back in 2014 and was one of the first major retailers to do so.
Since 2014, they have expanded and now accept multiple kinds of cryptocurrency, such as Ethereum and Litecoin, as well as owning crypto themselves. They have proven to be a company that believes in the growth of crypto but doesn’t use it as a marketing tool.
PayPal is one of the biggest money-processing companies in the world, and in 2020 took the leap to start accepting cryptocurrency as payments. They have also added features that allow people to buy and sell certain cryptos, as well as use their PayPal account as a wallet.
4. Whole Foods
Whole Foods has partnered with Winkelvoss Flexa to create an app that allows you to buy your groceries using Bitcoin or Litecoin. The app also works with other retailers and businesses such as Baskin and Robbins, Jamba Juice, and Gamestop.
Etsy is a massive online platform that connects buyers and sellers across the planet. In 2018 it announced that it would begin accepting a range of cryptocurrencies to be used as payment, including Bitcoin, Ethereum, and Litecoin.
6. Home Depot
Home Depot is the largest hardware and DIY chain in the United States. It began accepting Bitcoin a little while back as payment for everything in its stores and has set up Flexa payment stations that allow fast and easy checkouts no matter what you are buying.
This is a massive step for cryptocurrency as this is essentially allowing you to build or decorate a house using only cryptocurrency, a first for the crypto space.
Twitch is the largest social media platform for gaming and one of the biggest social media platforms in general. It has begun accepting cryptocurrency for subscriptions, ad views, and other services across the platform.
It will also be interesting to see if Twitch starts allowing crypto to be used for donations or if there will be a “stream to earn” platform put in place.
Some companies have diverged slightly, and instead of accepting cryptocurrencies as they are, you can use existing cryptos to buy a company’s token. Amazon is going down this route and will begin rolling out the option to use crypto to buy gift cards that can then be used on their site.
While details are very scarce at the moment, there are big signals coming out of Google that they will begin creating their own crypto token. It is unclear what the token will do or be used for, but it will be very interesting to find out.
Whether you love the idea or not, Meta, formerly known as Facebook, is pushing forward with their Metaverse project. Considering the platform will offer users the chance to buy and sell goods and services, it is more than likely they will create their own tokens that can be purchased with Bitcoin, Ethereum, etc., and be used on the platform.
Walmart is going the easier route by creating a simple Tether token that customers can use to buy products on their website. “WalmartCoin,” as it is rumored to be called, will give more payment options for customers, as well as allow Walmart to start implementing and using the blockchain.