Although altcoins are expanding their growth, BTC is the most-used payment method for companies and small merchants. In this article, we walk you through the companies that accept Bitcoin and explain how to buy and spend your BTC as well.
Bitcoin (BTC) is by far the most popular crypto coin of all. More and more people are investing in digital currency, and it is rapidly becoming a widely accepted payment method. The payment technology is developing and companies are starting to accept Bitcoin. But, where can you use Bitcoin as a method of payment?
Microsoft is one of the early adopters of BTC, as they started accepting payments with Bitcoin in 2014. Users could buy games and applications with digital currencies, but digital coins were far from usual back then, so Microsoft stopped accepting BTC in 2016 and once again in 2018 due to high volatility. We’re eight years into the future, and now it’s way more usual and trustworthy to pay with digital currencies, like Bitcoin.
Streaming video platform Twitch also started accepting payments in Bitcoin in 2014, but they silently stopped in 2019. Although there are a lot of pros to using BTC as a payment method, it’s not stable enough for everyone. One year later, they brought the payment option back. Next to Bitcoin, this platform also accepts Ether (ETH) and less popular digital currencies like PAX, USDP and Binance USD (BUSD).
Supermarkt company Whole Foods made it possible for clients to pay with Bitcoin, just like Home Depot. The technology behind the store concept converts digital coins directly into USD, with the same technology as the other Amazon companies.
Whole Foods is not only accepting BTC as a payment method in their shop but also upgraded to the Spedn application so that users can buy food groceries by using Bitcoin and Litecoin (LTC), among others.
Among the stores that accept Bitcoin is one of the largest hardware store chains in the United States, Home Depot. Customers can pay in the most well-known digital currency, but the currency gets converted into U.S. dollars immediately, as Home Depot only wants USD on their balance sheets. This means that you can build and rebuild your whole home as a customer while only spending Bitcoin.
Another early starter is Wikimedia, the company behind the famous open-source encyclopedia Wikipedia. They also started to accept Bitcoin in 2014 to allow people to pay for donations. This would have been number two on this list, but after May 2022, they no longer accept cryptocurrency donations.
Wikimedia has several arguments like concerns about the environment, the risk of scams and the fact that only 0.08% of the total amount of donations was received in crypto. The company announced that they stop the crypto donations option for now, but will follow developments closely. As security and stability increase, there is the possibility that BTC will once again become an accepted form of payment.
Popular sports brand Benfica, officially Sport Lisboa e Benfica, accepts Bitcoin payments from customers. Users can buy everything from merchandise to tickets for games and pay with their digital assets.
Fans can purchase their goods with BTC, Ether and the UTRUST token. By accepting cryptocurrencies as a payment method, they attract tech-savvy supporters and make it easy for them to buy sporting goods from abroad.
Gift Card Company Gyft enables users to buy, send and redeem their online gift cards for retailers and platforms like Starbucks, Amazon and Sony Playstation. As a user, you can execute every transaction with Bitcoin and all of that without any additional fees.
When you’re on the site, it’s as easy as it gets. You choose the desired gift card, select BTC as the preferred payment method and then use your crypto wallet to send the payment.
Save the children
Save the Children is the biggest and first international NGO that started accepting donations in Bitcoin and other cryptocurrencies in 2013. With the slogan “HODLhope,” they strive for the right for kids to be healthy, educated and protected.
Lastly, Overstock is one of the Bitcoin vendors that accepts the digital currency as a payment option and holds BTC. Overstock is a tech-driven online retailer that’s visualizing dream homes for all.
Richard Branson, founder of Virgin Airlines, has always been an innovator, so no surprise there. His companies, Virgin Airlines and Virgin Mobile, make it possible for users to pay in Bitcoin. Besides that, users could even pay for space travel with this cryptocurrency.
Bitcoin and other digital currencies are often described as the finance of the future. To team up with the future of travel only seems logical. For 16 BTC, you can buy yourself a trip with Virgin Galactic, which will take you to an altitude of more than 50 miles
If anyone was going to beat Microsoft to the punch, it makes sense that it would be the company that blazed the trail for modern digital payments. Microsoft began accepting bitcoin in December 2014 — three months after PayPal got on board in September.
Back then, bitcoin was trading as XBT instead of BTC. As a testament to how unfamiliar the concept was then, CNN described bitcoin as “an independent, government-less currency.” PayPal’s move was intended to draw businesses, not consumers, to its platform. The draw was that bitcoin’s transaction fees were far lower than the profit-killing 2%-3% charge that businesses were paying for credit card transactions.
Etsy itself doesn’t have a platform for accepting bitcoin as payment sitewide, but the independent sellers who populate its platform can accept cryptocurrency in their individual shops if they choose to employ a workaround. It’s up to the seller to add an “other” payment method option at checkout. When buyers click that option, they’ll be able to message the buyer with their payment preferences — bitcoin, in this case. The seller then responds with a bitcoin address to complete the transaction.
In March 2020, 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 cryptocurrency as cash. You can’t pay for your frappuccinos with bitcoin at the register, but you can add bitcoin — along with things like gift card balances and frequent-flyer miles — to the Starbucks app and pay that way. The 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.
Online electronics giant Newegg accepts bitcoin — and it has gone all in. Unlike some of the others that require you to convert cryptocurrency to cash through an app or third-party service, Newegg just lets you pay outright. For shoppers who are buying through a computer, all they have to do is choose “Pay With Bitcoin” and go through the motions of shipping. For shoppers making purchases with their phones, Newegg will send a QR code to scan.
These are 14 businesses that accepts payments with BTC.