In the ever-evolving digital world, cryptocurrencies are reshaping many industries. From tech companies to entertainment and food, digital coins are becoming a regular payment method, so that crypto-enthusiasts can finally bring their virtual currencies into the real world. Of course, the most accepted currency remains the leader, Bitcoin, but some companies want to fully embrace the digital world, offering consumers the opportunity to pay with altcoins as well. It’s truly incredible how the digital world is continuously expanding, collaborating with well-known companies worldwide and enabling an alternative payment solution for the ones who want to stand apart from traditional banking systems. This initiative promotes financial inclusion, as over 2 million people all over the world don’t have access to financial services and prefer to digitalize their funds. Cryptocurrency technology enables fast transactions and an overall secure landscape, and it prioritizes the privacy of users. In this article, you can find 9 globally known companies that embrace the power of digital coins:
Microsoft
Microsoft embracing the crypto world was no surprise, as it’s one of the biggest companies in the world, and it is trying to hop on the latest trends to expand its horizons. The tech company allows customers to purchase digital products in the Xbox and Windows stores, including apps, games, and other digital services. The cryptocurrency Microsoft accepts is Bitcoin, as the company found the currency to be the most trustworthy coin on the Web3 market. So, if you have not yet integrated the popular currency into your e-wallet, consider the coin your go-for this year, and compare Bitcoin price and ETH to figure out which one is the most promising.
PayPal
Nowadays, PayPal allows traders to buy, sell, and hold directly from the app. You can open a digital wallet to store your crypto safely and transfer from the exchange platform you usually use to hold your digital currency to use crypto as a regular payment method for services. The ease of operations, user-friendly interface, and speed made Paypal’s innovation gain significant popularity among investors who want to leverage their online experience.
Starbucks
Starbucks announced in 2022 that it’s going to integrate crypto payments later that year, enabling customers to purchase their favorite lattes with digital coins. Customers can load their cards with Bitcoin within the Starbucks app so that they can pay indirectly with the digital coin in physical stores. The business announced its partnership with a crypto platform in 2018, and through the process, customers can also convert their digital coins into US dollars. Starbucks utilizes a POS blockchain mechanism powered by Polygon; it is also an environmentally friendly way to engage consumers with the Web3 experience.
Tesla
Since Elon Musk is one of the most relevant figures representing the crypto world, Tesla accepts Dogecoin to purchase green vehicles. It requires just a few clicks, as you have to look for the Dogecoin symbol next to the order for eligible products.
The transaction is fast, and in just a minute, you can receive confirmation of your placed order. Back in 2021, there were some environmental concerns regarding the adoption of digital coins, but nowadays, since crypto technology is finding new ways to address the eco-problems, Dogecoin is back.
Shopify
The popular and versatile e-commerce platform is the perfect place for any business all over the world. The company allows merchants to accept cryptocurrencies as payments. The platform accepts over 20 cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin. Merchants can enable the additional payment method from the payment page settings. However, they might still be charged third-party transaction fees for this kind of gateway.
Overstock
Overstock.com is one of the major retailers in the e-commerce world, and it provides a wide range of products, from home décor to electronics. It is the favorite shop in the crypto community because the items have all been available to be purchased with Bitcoin since 2014. The platform has also made some considerable investments in blockchain technology, supporting the cryptocurrency world’s development and initiatives.
Subway
The popular fast-food chain enables consumers to pay for their meals with Bitcoin. Subway is testing the Lightning Network, the layer-2 Bitcoin solution that brings the popular coin into the real world. It also offers discounts for crypto enthusiasts who choose this payment method. For some time, the company experienced crypto in Moscow 15 years ago and now proceeds with other countries, such as Germany. The initiative is growing on social media, and hashtag #usingbitcoin is a popular way to encourage the audience to embrace the web3 technology for daily payments as well.
Twitch
Twitch is a streaming platform that gamers and entertainers use to communicate with their audience. They can receive monetary donations, and now streamers can also accept Bitcoin, Bitcoin Cash, Litecoin, and XRP by opening a digital wallet where they can safely store their digital coins. The rise of crypto in online communities comes with multiple benefits, as transactions are fast, fees are low, and users are provided with enhanced privacy and security.
The integration of digital assets is just the beginning, as we can expect some decentralized streaming platforms in the near future, bringing content creation to the next level.
Whole Foods
By purchasing a Whole Foods gift card with Bitcoin, you can shop in the store that sells natural and organic foods. The card has a value of $100, containing and unique code that is delivered via email. They can be purchased at Crypto Refills for the United States with multiple package options.
The Bottom Line
Cryptocurrencies are taking over the world, and more and more companies every year embrace Web3, enabling traders to bring digital coins into the real world. Paying with crypto is beneficial for both parties, as Customers can benefit from significant discounts, and the companies win the market with a future-oriented vision and cost-saving practices. Understandably, Bitcoin remains the top choice for the integration of crypto as an alternative payment, but businesses are slowly expanding their horizons, giving a chance to popular altcoins as well.
