Basic necessities and luxury goods, equipment and applications, space flights, and tuition fees – more and more institutions in the world are starting to accept cryptocurrencies as a payment method on a par with fiat currencies.
From a predominant investment tool, Bitcoin and other digital assets turn into a full-fledged means of payment. And, although their legal status is not determined in most countries, nevertheless, both market giants and small trading companies accept payment in the form of cryptocurrency.
In this article, we take a closer look at the companies that have had enough guts to be the first to embrace Bitcoin (BTC) and other digital coins as a payment option.
It is the first major mobile operator in the United States, which provides customers with the opportunity to pay for the services with digital coins. The payments are made through the service bitpay.com.
In December 2014, Microsoft started accepting Bitcoin payment, so that users could pay for products in the digital content store. This opportunity was very pleased with the fans of games on Xbox. However, Microsoft also got into scandals related to the option of content purchase using cryptocurrency.
In the same 2014, an unexpected message appeared on the company’s website claiming that the use of Bitcoin (BTC) in the Microsoft account was being discontinued. A few hours later, the company’s management apologized and announced that it was posted by mistake.
Something similar happened again in January 2018: the opportunity to make Bitcoin payments was suspended for several days, but now it is functioning as usual. It seems that Microsoft is seriously concerned about crypto volatility, but the IT giant is not ready to abandon digital money yet.
One of the first companies that started accepting Bitcoin payments was Overstock. It is an American retailer, which sells household goods and electronics. In 2014, it allowed users to pay with crypto for some goods. The BTC prices in the store are pegged to the national currency – American Dollar (USD – during payment, coins are withdrawn from the client’s wallet at the current exchange rate.
The food segment is one of the major areas of consumption in the modern world, which also keeps pace with changes in payment systems. Many businesses actively start accepting Bitcoin as a payment method, in addition to bank cards and cash. There are also big names here:
- The famous Pizza Hut chain, for example, has started accepting Bitcoin (BTC) in Venezuela.
- Starbucks began accepting cryptocurrency payments at its coffee shops in the United States. With the help of Speed app technology, orders can be paid not only with cash or a credit card but also with Bitcoin.
- Subway – one of the well-known businesses in the industry that has also been accepting cryptocurrencies for several years. Moreover, customers paying with digital currency can get a discount of up to 15%.
- Burger King is trying not to lag too far behind competitors. Now you can have lunch at the restaurants of the chain and pay for it not with cash or bank card, but with your crypto.
- Moreover, in addition to Burger King and other companies that accept Bitcoin, KFC also implemented the option of Bitcoin payment to its business. However, currently, only residents of Canada can use this option, but the company is thinking about expanding this feature in other countries.
However, the list does not end there either: in addition to smaller local businesses that also accept cryptocurrencies, many large companies arrange special offers for crypto enthusiasts. For example, in the USA, if you place an order at Domino’s pizza and pay for it with digital currency, you can get a discount.
If you want to spend your Bitcoin (BTC) on a domain purchase, visit Namecheap.com. This platform sells the most popular top-level domains.
Unstoppable Domains (unstoppabledomains.com) sells domains with a blockchain, such as .crypto, for a one-time fee. After the purchase, this domain will be yours forever, and it does not need to be renewed. Unlike a regular domain, the user needs special plugins or browsers to interact with blockchain websites.
It is an online retailer that also has begun accepting Bitcoin as payment. You can buy absolutely everything with cryptocurrency, starting from all sorts of trinkets and ending with computers and household appliances.
An online retailer that sells products by such well-known brands as Walmart, Samsung, Groupon, Overstock, Godaddy, and many others. In fact, the store does not accept Bitcoin as payment, but for each purchase, the customer can get some digital coins.
This popular app allows customers to get some crypto coins as a cashback for making purchases at favorite retailers. The resource offers its customers to get Bitcoin as a reward for making purchases with a credit card instead of:
- miles for planes;
- usual bonus points;
- other monetary rewards.
Moreover, the Fold App is convenient to use on mobile phones due to its native user-friendly interface.
What if the store does not accept Bitcoin payments? For example, Amazon. In this case, the e-commerce service Purse.io comes to the rescue. The platform works simply – the user selects the desired product and adds it to the shopping cart on Purse. Another person who needs Bitcoins agrees to purchase the goods for fiat currency, receiving your virtual coins in return.
As a result, you get a product, the store – real money, and a third party – several units of Bitcoin. The exchange is beneficial to all parties due to a lower commission than on a traditional exchange platform. In addition, such services can negotiate with direct sellers on more favorable terms and discounts.
It seems that the benefits are obvious to everyone. However, this process has its drawbacks. Firstly, the service does not display the entire range of products presented on Amazon. Secondly, it is impossible to view other users’ reviews about the product or leave your own.
Gift Card Services
On the website Gyft.com you can purchase gift cards with cryptocurrency to almost 200 online stores and other websites that sell services, including such companies as Starbucks, Delta Airlines, eBay, Walmart, and Nike, Apple, Hotels.com, Uber, Adidas, etc.
This platform is extremely similar to Gyft.com. The resource provides customers with an opportunity to buy gift cards for more than 140 merchants using Bitcoin as payment.
Bitrefill is a mobile account replenishment service that allows users to buy vouchers and gift cards directly not only with Bitcoin but also with other cryptocurrencies;
The well-known computer manufacturer Dell has been using digital currency for payments since mid-2014. The Coinbase cryptocurrency exchange is used for making payments in the business. The company has a great variety of goods that customers can buy with Bitcoin: laptops, desktop PCs, network equipment, projectors, and much more.
It is the largest Hardware Store Chain in the United States. At Home Depot you can essentially build your entire house by purchasing materials using BTC. The business accepts Bitcoin payments via Flexa’s checkout systems installed in its stores.
Virtual money continues entering into more and more aspects of human life. Now, you are able to spend digital currency on goods at the stadium during the game or tickets to future games at the sports club’s website. Currently, Dallas Mavericks and Miami Dolphins are great supporters of cryptos, and a new payment option is available during their games.
Cell Phone Carriers
In addition to the major US & UK cellular network provider, AT&T, which we described above, Virgin Mobile also joined the list of companies supporting Bitcoin payments.
Dish, a provider of satellite TV and Internet services. It began offering Bitcoin payment options back in 2014. You can purchase a one-time subscription at their website. Previously, they used an integration with Coinbase to accept payments in BTC, and now they have switched to Bitpay as a transaction processing service.
The Latvian airline AirBaltic is one of the first companies in the transport industry that started to accept Bitcoin as a payment for basic tariff plans, except for flights to Malaysia, Japan, Lebanon, Russia, China, India.
If you decide to go on vacation, go to Expedia. It is an online travel agency that can help you to book flights and hotels using your digital currency.
Cheapair.com is one more business that started accepting Bitcoin for a flight booking.
The oldest airline company in Europe, LOT.com has announced that it is ready to take you anywhere you want to. The business accepts Bitcoin as a form of payment for its services.
Travala.com – a platform that makes it possible to pay for travel using crypto coins from your digital wallet. On the platform, you can book hotels all over the world and flights to almost any corner of the planet.
BTCTrip – the online flight and hotel booking service. It is one of the first companies that has started to accept Bitcoin in its industry. Moreover, it is possible to pay for the services of the business with Litecoin and Dogecoin cryptocurrency.
An interesting idea of how you can spend Satoshi: Virgin Galactic (virgingalactic.com), the brainchild of the legendary Richard Branson’s empire, aims to make everyday space tourism a reality. Since the company is futuristic in nature, it is not surprising that you can buy its products with BTC.
You can also buy a room in a hotel for crypto, not in a simple hotel, but in the well-known Howard Johnson chain (wyndhamhotels.com). It will not be difficult to find a chain hotel in the city where you are going to come.
Holiday Inn – the hotel (Brooklyn) provides an opportunity to book rooms with Bitcoin by phone, online, or on the spot.
One Shot Hotels – the Spanish hotel chain that allows you to pay with BTC for the room at any hotel of the company.
TravelbyBit – an online travel booking platform that is focused on hotel and flight booking. You can use Bitcoin as a payment method.
Greitai is a popular search engine for flights, hotels, and cars. You can book all these things using not only Bitcoin as a payment method, but also more than 20 altcoins available on the company’s website.
Bitcoin.Travel provides an opportunity to book flights, hotels, rentals, cars, tours, and other events and plan your trips by paying bills with Bitcoin from your virtual wallet.
Webjet is one more company with the BTC payment option enabled. On the platform, you can book everything you need for a great holiday: tickets, hotels, cruises, car rent.
Universities are also trying to keep up with the times. Now, you can pay for tuition with Bitcoin in educational institutions of Germany, Cyprus, the United States, Switzerland, and other countries.
One of the first to implement new technology was the Swiss University of Lucerne, which began accepting cryptocurrency as a payment for tuition at an art and science school in 2017. The operator of such payments was the famous Swiss company Bitcoin Suisse AG. According to the heads of educational institutions, this is a very convenient option for mutual settlements, which frees many foreign students from exchanging their national currency into USD.
The European School of Management in Berlin (esmt.berlin) accepts Bitcoin since 2017.
In addition, the cryptocurrency payment option is available at Cyprus University of Nicosia (unic.ac.cy), as well as at the famous Cambridge University (cam.ac.uk) and King’s College in New York (kcl.ac.uk).
What Banks Accept Bitcoin Transactions
Banks do not want to lose a share of profits from crypto enthusiasts. For instance, the German Fidor Bank will be happy to charge you a commission for buying or selling Bitcoins.
The oldest bank in the United States and the world’s largest depository bank, Bank of New York Mellon, will store and conduct operations with cryptocurrency in the interests of its customers. Currently, the company is developing an app that will allow conducting transactions with digital money from your wallet in the same way as it happens with traditional assets.
There are some more banks and payment services that aren’t opposed to Bitcoin merchants:
- Goldman Sachs;
- Royal Bank of Canada;
Beauty and Health
The well-known cosmetic brand Lush produces eco-friendly products. But still, the main advantage here is that they accept BTC payments directly on the website of the branch in the UK.
Schmidts‘ collection of natural deodorants and other personal care products allows you to use cryptocurrencies as a means of payment for their products.
At the supplier of medical devices Premier Medical Inc., you can easily pay with digital coins for medical products.
Adelline is a Korean cosmetics company that supplies products around the world, it also accepts cryptocurrency.
The company Shiny Leaf from Las Vegas produces goods for skin and hair care, as well as a number of products for the body — BitcoinSV is among the various payment methods.
Twitch is a platform for online streaming in real time. In simple words, this is a site where anyone can start conducting their own broadcast. To a greater extent, Twitch specializes in computer games and esports tournaments. On the site, it is possible to pay for subscriptions using Bitcoin.
If you have Bitcoin that you want to spend on a good cause, you can transfer Satoshi to charity. This opportunity is offered by:
- The charitable organization UNICEF (unicef.org.uk).
- Save the Children project for children in poor regions (savethechildren.org).
- The “Water” project (thewaterproject.org), which provides clean water to communities in sub-Saharan Africa.
- American Cancer Society (cancer.org).
- The American Red Cross accepts Bitcoin via bitpay.com.
- Royal National Lifeboat Institute (rnli.org) is a marine rescue organization; the first British company to accept donations in Bitcoins.
Wikipedia Foundation is a non-profit organization that develops and distributes multilingual educational content. Currently, it is possible to make a donation not only in fiat currency but also in digital ones.
Wikileaks is an international non-profit organization that publishes classified information and news provided by anonymous sources; The cryptocurrency donations are accepted on the resource.
What Stores Accept Bitcoin
Store.bitcoin.com is an online store where you can look for a cap, a T-shirt, and other useful things with the symbols of Bitcoin. The business accepts Bitcoin payments only.
Lanieri.com – another resource that offers users to buy a lot of interesting things with crypto, including shirts, trousers, and other Italian-made clothes. This service is similar to Overstock. The only great difference is that Lanieri company will even repair the clothes for free or offer a full refund if something does not fit you.
OpenBazaar – a decentralized marketplace, where all goods can be purchased only with Bitcoin. On the site, sellers interact directly with buyers. You can buy anything you want: from hand-made products to food, appliances, clothing, art objects. In the future, in addition to Bitcoin, other altcoins will be available for payment here, one of which may be Monero.
Showroomprive.com – a European company that started to accept Bitcoin through the Paymium cryptocurrency exchange. The business assortment includes clothing, cosmetics, and accessories.
Nowadays, Bitcoin is often criticized. Skeptics try to find a replacement for it, but none of the altcoins has surpassed the patriarch of cryptocurrencies. Payment in the BTC ecosystem is one of the most promising analogs of international bank transfers.
The number of countries loyal to crypto is steadily growing. In addition, large international companies have come to the defense of Bitcoin and altcoins. Therefore, it is safe to assume that in the near future the number of companies that accept Bitcoin and other digital assets on a par with fiat currencies will grow significantly. And it will be much easier to spend crypto coins on anything you can imagine.
Frequently Asked Questions
Is It Smart to Buy Bitcoin?
Some experts believe that there’s a poor chance of Bitcoin going significantly higher in the coming weeks. On the contrary, they claim that Bitcoin is likely to crash in the near future. However, it is known that crypto rates change unpredictably, and, due to this fact investors-to-be should always follow the news, do not take unreasonable risks, and DYOR (do your own research).
How Do I Convert Bitcoins to Cash?
You can convert Bitcoin to cash at a Bitcoin ATM or through an instant crypto exchange Changelly. Our platform always provides you with the best rates, along with a variety of payment methods (credit/debit card, bank transfers, Apple Pay). Our Customer Service is always ready to help you, in case of any questions!
Can I Transfer Bitcoin to My Bank Account?
It is not possible to withdraw Bitcoin to your bank account directly. You can either sell tokens to somebody who then transfers money to your bank account, or you can sell them at an instant crypto exchange Changelly and withdraw Bitcoin from there.
Does Amazon Accept Bitcoin?
So far, one of the world’s largest retailers, Amazon, does not accept Bitcoin directly. However, customers have found a way to get around this. They sell gift cards for Bitcoins. On the Internet, you can find such sellers and buy gift cards, and then you can use these cards to purchase goods on Amazon.
Does Walmart Accept Bitcoin?
No, Walmart does not accept Bitcoin as a payment option.