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Bitcoin is booming. What emerged as a whitepaper has become one of the most popular cryptocurrencies on the planet. Wide accessibility, decentralized nature, and transaction speed are the primary reasons behind its rapid adoption.
Like the internet and social media, Bitcoin benefits from “network effects,” where more adoption increases its value and the incentive for additional take-up.
In recent years, Bitcoin has grown to become a payment method for over 15,000 businesses worldwide.
Blockware Intelligence, a research arm for Blockware Solutions, recently published a report that forecasts the global adoption of Bitcoin. According to them, “Bitcoin adoption will break past 10% in the year 2030.”
Another survey by Gemini revealed over 95% of crypto users have heard of Bitcoin. That’s not all. About 87% of former and current crypto users owned Bitcoin. If we talk in numbers, over 46 million Americans own Bitcoin.
Microsoft first started accepting Bitcoins in 2014. However, they paused it for a while in 2018, stating it was an “unstable currency.” Later on, they resumed it back after a few days and have been accepting Bitcoin ever since.
A leading eCommerce company, Etsy has over 100 million products listed on its marketplace. Sellers have the option to enable Bitcoin payments. If they have enabled crypto payments, you can buy products from Etsy via Bitcoin.
In Twitch, you can pay via crypto by selecting BitPay at checkout. Connect your preferred wallet, select Bitcoin, and complete your payment. If you are a Twitch creator, you can also accept crypto by integrating a payment gateway into your account.
You can pay with Bitcoin at Home Depot, one of the largest hardware store chains in the United States. While they don’t directly accept Bitcoins, but you can purchase Home Depot gift cards with Bitcoin via websites like Bitrefill.
eGifter is a gift card marketplace that allows you to buy gift cards from over 300 brands with Bitcoins. They accept a wide range of cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Bitcoin SV, and XRP for most transactions.
Sling TV is an app-based TV service allowing users to stream live television and on-demand content over the internet. Subscribers can pay in Bitcoin via their preferred crypto wallet app. Sling accepts Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and other popular cryptocurrencies.
Planet Express is an international shipping company based out of California. They ship products to customers from across the globe. They started accepting Bitcoins as soon as they launched in 2017. As of today, they have started accepting other cryptocurrencies as well, along with Bitcoins.
Bitrefill is one of the most popular gift card websites that allows you to buy gift cards from over 750 retailers with Bitcoin. You can buy gift cards for a wide range of products and services from Doordash to Uber and Airbnb. Users can swap their Bitcoins for gift cards in just a few clicks.
In May 2019, AT&T became the first mobile carrier to accept payment in cryptocurrency. Customers can pay in Bitcoin through BitPay whenever they log into their accounts via the web or the myAT&T app.
In January 2020, Burger King outlets in Venezuela partnered with Cryptobuyer to accept crypto payments. Customers can pay with Bitcoin and a few popular cryptocurrencies. Their German branch also started accepting Bitcoin earlier in 2019. However, due to the fluctuations in the price of Bitcoin, Burger King no longer accepts crypto payments. If you still want to trade Bitcoins for a burger, you can buy a Burger King gift card via Bitrefill or Coingate.
KFC Canada ran a Bitcoin campaign in 2018 where they offered a bucket of fried chicken in a Bitcoin-themed container. As of today, KFC has stopped accepting Bitcoin payments. However, if you want to buy your favorite meals through Bitcoin, you can grab a KFC gift card from Bitrefill or Coingate.
Overstock was one of the few early adopters of Bitcoin. They started accepting Bitcoin and all major Alt-coins through ShapeShift — a cryptocurrency exchange firm. Overstock is one of the few companies that not only accept Bitcoins but also issue refunds in digital currencies.
Venezuela-based Pizza Hut outlets started accepting Bitcoin and Ethereum along with other cryptocurrencies in November 2020. They partnered with Cryptobuyer to enable seamless crypto payments from their Point-of-sale solution.
One of the earliest Bitcoin adopters, Sir Richard Branson, declared that his commercial space flight venture, Virgin Galactic, will accept Bitcoins. In a blog, he mentioned that a female flight attendant from Hawaii had already bought a Virgin Galactic ticket via Bitcoins. He adds, “We expect many more to follow in her footsteps. All of our future astronauts are pioneers in their own right, and this is one more way to be forward-thinking,“. As of now, you can use Bitcoins for Virgin Mobile and Virgin Airlines.
Norwegian Air Shuttle (Norwegian), Scandinavia’s second-largest airline, accepts Bitcoin through Norwegian Block Exchange (NBX) — a crypto exchange platform set up by Bjørn Kjos — founder and CEO of Norwegian Air Shuttle.
One of the most popular domain registrars, Namecheap, started accepting Bitcoin payments back in 2013. You can register domains, buy hosting plans, and avail all their services with Bitcoins.
Established in 1989, CheapAir is an American online travel agency that allows users to book flights, hotels, and cars with just a few clicks. Alike many other early Bitcoin adopters, CheapAir has been accepting cryptocurrencies since 2013. They use BTCPay Server for processing payments. Along with Bitcoin, they accept Bitcoin Cash, Ethereum, Dogecoin, Gemini, Litecoin, USD Coin, Paxos Standard, BUSD, Dai, Shiba Inu, and Wrapped BTC.
Gyft allows you to buy gift cards from over 200 brands with cryptocurrencies. You can purchase a wide range of gift cards from Walmart to Starbucks and Domino’s via Bitcoin. These gift cards can be used on the merchant’s website — even if they don’t accept Bitcoins directly.
One of the most popular online marketplaces, NewEgg, accepts all the major cryptocurrencies, including Bitcoin, Litecoin, Dogecoin, Ethereum, and many more. They have been accepting digital currencies since 2014. To pay with crypto at NewEgg, simply select BitPay at checkout, choose your currency, and pay via QR or directly from your wallet.
The Internet Archive is a 501(c)(3) non-profit organization building a giant collection of digital assets like websites, software applications, music, audiovisual and print materials. They accept donations in Bitcoin, Ethereum, Filecoin, XRP, and other popular cryptocurrencies.
The Pirate Bay, also known as TPB, is a search engine for entertainment media and software programs. It was launched by the Swedish think tank Piratbyrån in 2003. The platform allows users to search, download, and contribute magnet links and torrent files, facilitating peer-to-peer file sharing among torrent users. You can contribute to The Pirate Bay through Bitcoin. They have released a Bitcoin address to public — you can direct your donations to that address.
Based out of New Zealand, MEGA is a cloud storage company offering file hosting services through web and mobile applications. They have been accepting and holding Bitcoin since 2014. You can pay for any of their services with Bitcoin.
ExpressVPN is a leading Virtual Private Network service provider, having servers in 94 countries around the world. They support Bitcoin payments through some of the most popular wallets, including BitPay, Coinbase, Metamask, and many more.
American fast-food restaurant chain Quiznos has partnered with Bakkt to accept Bitcoins in-store. Users can pay for their food with their preferred Bitcoin wallet. As of now, the company is still testing crypto payments and has started accepting them in only a few selected outlets. If everything goes well, they will release Bitcoin payments to the masses.
Being the oldest and most popular cryptocurrency, Bitcoin has the potential to transform our traditional financial system. It’s widely available, highly secure, and has a predictable supply. Here are a few reasons why you should use Bitcoin as a means to exchange value:
The Bitcoin network is spread globally across millions of nodes and users. Thus, you don’t have to rely on any one entity to ensure your funds’ security. No one can take control of your funds or freeze them, and it is almost impossible to destroy the Bitcoin network.
Inflation is one of the biggest flaws of traditional currencies. The million dollars you own today may not be worth that much 5 years from now if the bank decides to print a lot of money. However, Bitcoin has a limited supply and is generated through software. This makes Bitcoin inflation-proof. No one can create more Bitcoins and dilute the value of your money.
You can transfer Bitcoins from one continent to another in a matter of minutes. What’s more, Bitcoin transactions are irrevocable. This minimizes the chances of fraudulent chargebacks and makes your transactions fraud-proof.
Bitcoin can be an alternative to banks for the unbanked. It can reach anywhere in the world. To transact Bitcoins, you only need a smartphone and internet access. You can sign up with any Bitcoin wallet provider to send and receive Bitcoins anywhere in the world.
Anyone can track all the transactions associated with a Bitcoin wallet address through a Blockchain Explorer. However, it’s almost impossible to associate your real-world identity with any Bitcoin address. This makes Bitcoin private and anonymous.
Thousands of global and local businesses have started accepting Bitcoin as a standard payment method. That’s primarily because it has all the characteristics of fiat currency: Bitcoin can store value, is widely accessible, and cannot be inflated. Cryptocurrencies like Bitcoin have the potential to become the future of money.
The day isn’t far when Bitcoin will become a standard payment method across the world. If you don’t have a Bitcoin wallet yet, Sign up with Speed today. It is a secure, robust, and reliable Bitcoin wallet that facilitates lightning-fast transactions for free. There are no platform charges or transaction fees levied on payments. You can send and receive Bitcoin payments anywhere, anytime, with Speed Wallet.
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Speed is a leading Bitcoin payment processor for individuals & businesses. Accept Bitcoin payments in your online or offline store, instantly over the Lightning Network or on-chain, at no setup cost.
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© 2024 by SPEED1 - FZCO (License Number: 33198)
