During the week, several major news outlets published articles covering the basics of cryptocurrencies like Bitcoin.
One by CBS news said, “Crypto is not easy to spend.” It may have been true just five years ago, but in 2022 many national chain stores are already accepting Bitcoin.
Here is a list of nine companies that accept bitcoin for payment today.
Contents
- 1 Cryptocurrency payment infrastructure is already here
- 2 9 Companies Accepting Bitcoin in 2022
- 3 Starbuck – Starbucks fans can buy their cup of coffee with bitcoin by loading the cryptocurrency on their Starbucks app – since March 2020. The coffee chain accepts BTC using a platform operated by Bakkt, a depository and exchange of digital assets developed by the company that owns the New York Stock Exchange, in partnership with— Starbucks and Microsoft from 2018.
- 4 Microsoft – Speaking of Microsoft, the software giant from Redmond, Washington also accepts bitcoin for payment for Xbox live, other Microsoft games, Windows apps, and other digital extras. He has done so since 2014.
- 5 Whole Foods (Amazon, Inc.) – Whole Foods started accepting cryptocurrency for groceries in 2019. This came to fruition in 2019 at the same time Crate and Barrel and Nordstrom started accepting crypto, all of this thanks to the work of payment startup, Flexa in partnership with Winklevoss-led crypto exchange Gemini.
- 6 AT&T – Telecommunications company AT&T, a major cellular network operator and provider of cable television and broadband internet, began accepting BTC for payments in 2019 in partnership with BitPay.
- 7 Overstock – In 2014, Overstock.com became the first major retail business in the world to accept bitcoin, shocking the world by announcing that it would gladly accept imaginary internet money that only had value in the mind online tech geeks — and would ship very real, high-end consumer electronics and home furniture directly to shoppers ‘doors.
- 8 Home Deposit – Beginning in 2019, Home Depot began accepting bitcoin for payments, powered by Flexa. A home builder might essentially buy all the materials and tools needed to build a house from the blue chip company Dow Jones using cryptocurrency.
- 9 PayPal – In April 2021, leading fintech payments innovator PayPal began offering support for its various merchants to accept bitcoin for payment when paying using the PayPal button.
- 10 Twitch – Fans of Twitch streams can donate to support streamers using bitcoin, ether (ETH), litecoin (LTC), and bitcoin cash (BCH). A few streamers make more money on Twitch from cryptocurrency donations alone than the average high-income lawyer and doctor.
- 11 Etsy – Leading online merchant company Etsy offers integrations that allow online merchants running their own independent stores to easily accept bitcoin for payments.
Cryptocurrency payment infrastructure is already here
The following paragraph from the CBS Sunday Morning News article makes it sound like using your bitcoin to buy things people buy every day is kind of a big hassle:
“For the moment, you will find it very difficult to do without it! Go to a pet store, bodega or hot dog cart and you will have a hard time buying anything with cryptocurrency. One of the few stores that directly accept bitcoin is the PJ Bernstein Deli in New York.
Most people don’t buy a pet every day or even every year, so that’s okay. And that’s a shame for hot dog stand fans whose vendors aren’t using CashApp yet. (It makes paying with Bitcoin as easy as using Apple Pay or your credit card.)
But some large retail chains and online merchants are accepting Bitcoin for payment as early as 2022 (and some of them have already been doing so for years, even before the pandemic).
These nine S&P500 companies or subsidiaries — all NASDAQ Composite and Dow Jones blue chips — accept bitcoin for payment from their customers. Working with various fintech partners, they offer very simple or completely seamless integration at the point of sale.
9 Companies Accepting Bitcoin in 2022
Starbuck – Starbucks fans can buy their cup of coffee with bitcoin by loading the cryptocurrency on their Starbucks app – since March 2020. The coffee chain accepts BTC using a platform operated by Bakkt, a depository and exchange for digital asset developed by the company that owns the New York Stock Exchange, in partnership with— Starbucks et Microsoft from 2018.
Whole Foods (Amazon, Inc.) – Whole foods began to accept cryptocurrency for groceries in 2019. This came to fruition in 2019 at the same time as Crate and Barrel and Nordstrom started accepting crypto, all thanks to the work of payment startup, Flexa in partnership with the Gemini crypto exchange run by Winklevoss.
AT&T – Telecom company AT&T, a major cellular network operator and provider of cable TV and broadband internet, began accepting BTC for payments in 2019 in partnership with BitPay.
Surstock – In 2014, Overstock.com Has become the first major retail business in the world to accept bitcoin, shocking the world by announcing that it would gladly accept imaginary internet money that only had value in the minds of online tech geeks – and ship consumer electronics and very real, high-end home furnishings direct to buyers’ doors.
Home deposit – As of 2019, Home Depot began to accept bitcoin for payments, powered by Flexa. A home builder might essentially buy all the materials and tools needed to build a house from the blue chip company Dow Jones using cryptocurrency.
Pay Pal – In April 2021, leading fintech payments innovator PayPal started to offer support for its various merchants to accept bitcoin for payment when checking out using the PayPal button.
Tic – Fans of Twitch streams can donate to support streamers using bitcoin, ether (ETH), litecoin (LTC) and bitcoin cash (BCH). A few streamers font more money on Twitch from cryptocurrency donations alone than the average high-income lawyer and doctor.
Etsy – Leading online merchant company Etsy offers integrations that allow online merchants running their own independent stores to easily accept bitcoin for payments.
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