HSB reports that 36% of US small-medium businesses accept Bitcoin. BTC is gaining popularity due to its decentralised system, which means no single entity can control the currency, making it less vulnerable to inflation and political interference. Its cost-effectiveness is a major advantage, as it eliminates intermediaries and saves processing fees. Bitcoin transactions also settle faster than other payment methods, allowing merchants to ship products immediately after confirmation.
Unlike fiat currency, Bitcoin payments do not require making the transactions more private. However, merchants can view the funds’ wallet address, which can be traced back to the owner, so the BTC transactions are not completely anonymous.
Additionally, Bitcoin is globally available, making it accessible to those without bank accounts. Bitcoin’s decentralised nature, faster transactions, and global accessibility make it a popular choice for consumers and businesses.
We can name the following companies that have already adopted BTC as a payment method.
Twitch has offered subscribers a 10% discount on cryptocurrencies, with the transaction announced on the last day of the week. Users can pay in multiple cryptos, including BTC, ETH, XRP, USDC, and more, using BitPay.
Microsoft, one of the first major US companies to accept digital currency payments in 2014, allows consumers to purchase goods and services on the Microsoft platform using cryptocurrency. This process involves customers depositing Bitcoin into their Microsoft balances, which can be used to purchase games, movies, and software. Cryptocurrency payments are only supported in the Microsoft Store, excluding Xbox Live, and are enabled by BitPay.
The company offers vouchers for major brands like Walmart, Starbucks, Uber Eats, and Target, with an exclusive mobile app for checking gift card amounts and prepaid cards directly within the software, making the process fast and easy.
Burger King has introduced Instpower portable charger kiosks at its Paris branches, enabling digital currency transactions. These devices are linked to digital payment platforms AlchemyPay and Binance Pay. Instpower, the leading power bank charging service, now supports cryptocurrency payments in assets like Bitcoin from customers at over 14,000 global sites.
Pizza Hut has partnered with Cryptobuyer, Inc. to approve digital currency transactions. The company has started an initial BTC satellite hub in Venezuela, installed ATMs, and collaborated with leading companies nationwide. Pizza Hut is also partnering with Binance to accept crypto payments in various currencies, including Bitcoin, Binance coin, Ether, Litecoin, Dash, BUSD, Tether, Dai, and XTP.
The company is among the few major businesses and organisations that use blockchain as a payment method for cell phone invoices. Despite not directly accepting digital currency, AT&T allows customers to pay using Bitcoin via a third-party payment gateway, BitPay.
Bitcoin payments allow users to purchase VPN service subscriptions beyond financial institutions, providing privacy and protection. Membership costs are tied to the same monetary value as investments under different conditions. This VPN service prioritises user confidentiality and safety, facilitating Bitcoin payments without requiring an email ID.
This platform enables users to pay for air travel using cryptocurrencies like BTC, DOGE, ETH, Gemini Exchange, and more. The platform searches for the most affordable flight options and offers suitable hotels and resorts. Users can book flights, hotels, and other accommodations using various cryptocurrencies, ensuring secure and affordable travel.
A leading coffeehouse accepts digital payments like credit cards, debit cards, and mobile banking. It is one of the few established businesses that has adopted digital currency, a relatively new form of monetary exchange.
The company now accepts cryptocurrency as payment at three Berlin locations, marking an experiment using the crypto network. This move has received a positive user response, as the largest global chain, based on restaurant count, has also experimented with Bitcoin for 13 years in Moscow.
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