11 Major Companies Accepting Cryptocurrencies



Let's start with the fact that there are around 8,000 cryptocurrencies and about 400 crypto exchanges in the market right now.


Yes, around 8000, and the number is increasing!

Since cryptocurrencies hit the market, they've been in the news almost every day. A currency that was once considered volatile and fringe is now taking the market by storm.

Moreover, the COVID-19 pandemic increased cryptocurrency's value and importance due to its digital usability.

Some giant multinational companies have identified the potential in this digital currency and started accepting payments in cryptocurrencies.


Yes, you read it right!

It means you can now buy a car, book a ride, or even buy groceries with cryptos.


Here are some global companies that allow customers to use cryptocurrencies as an official payment method for their products or services:


#1 - Microsoft

Microsoft has always been working to liftoff the techno world, and they have done so by accepting Bitcoin (for a start, they might start accepting other cryptos too.) for a variety of services, including payments for XboxLive and Skype.

That's not the end!

The company has also launched v1 of ION, a Decentralized Identifier (DID) network on the Bitcoin mainnet. It is one revolutionary innovation where ION uses Bitcoin's blockchain to make digital IDs for authenticating online identity.


#2 - PayPal

Following an announcement in October 2021, PayPal has introduced the service to buy, hold and sell selected cryptocurrencies within the PayPal digital wallet.

Currently, PayPal allows you to buy, sell or hodl Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. You can also track these cryptos through the app.

However, this service is limited to US consumers only. But we can hope that the company would expand it to other countries.


#3 - Overstock

Overstock is a renowned American online trader that sells big-ticket entities at lower costs due to overstocking.


Long before Microsoft and PayPal, Overstock has led the trail by accepting Bitcoin payments since 2014.

In late 2017, Overstock announced partnership integration with ShapeShift, a multi-crypto exchange. What it means is that you cannot only purchase from Overstock, you can also trade cryptocurrencies with the help of ShapeShift.


#4 - Sacramento Kings

One of the most popular names in the NBA (National Basketball Association), the Sacramento Kings, became the first sports franchise to accept cryptocurrency in 2014.


Kings fans can purchase tickets and merchandise with Bitcoin. All the transactions are handled by BitPay, one of the most advanced payment service providers.


In an interview, Vivek Ranadive, a majority owner of the Kings, said that accepting crypto payments is a step closer to allowing fans to go cashless and enjoy their favorite matches.


#5 - Virgin Galactic

Thinking of booking a trip to space with crypto? Yes, you can!


In November 2013, Virgin Galactic accepted the first crypto payment using Bitcoin with a flight attendant in Hawaii.

Virgin Galactic is an American space-flight company owned by British billionaire Richard Branson.

"Virgin Galactic is a company looking into the future, so is Bitcoin, so it makes sense we would offer Bitcoin as a way to pay for your journey to space," said Branson.


#6 - Tesla

Elon Musk, the CEO of Tesla, has a long bumpy ride with crypto payments.

Initially, Musk announced that Tesla, his electric automobile and clean energy company, would accept Bitcoin payments for the vehicle purchase in the USA.

But...

Musk tweeted that Tesla is going to keep a hold on accepting Bitcoin payments. In a recent virtual panel, he said, "Tesla will 'most likely' resume taking Bitcoin payments once the mining rate for the cryptocurrency reaches 50% renewables."

Moreover, he also asked whether Tesla should accept Dogecoin in a Twitter poll. Check the results Here!


#7 - Visa

Credit card company Visa made a move towards digital currencies when Visa released a pilot program that will act like a heart, interconnecting numerous blockchain networks and entitling secure transfer of digital currencies.


Visa partnered with digital asset bank Anchorage and completed the first transaction in October 2021 when Crypto.com sent USDC to Visa's Ethereum address at Anchorage.


#8 - Mastercard

Following the footsteps, Mastercard has also announced in November 2021 that they will allow the partners on its network to enable their customers to purchase, hold and sell cryptos using a digital wallet and reward them with digital currencies under loyalty programs.


This change would allow consumers to earn and spend rewards in digital currency rather than loyalty points.


#9 - AT&T

You can now pay your phone bills using cryptocurrencies!


With AT&T, it's possible!


AT&T (American Telephone and Telegraph) has brought a revolutionary change by bringing cryptocurrencies into the telecommunication world.

In 2019, the world's largest telecommunications company, AT&T, became the first mobile service provider to accept crypto payments. Consumers can select BitPay while checking out the process using Bitcoin and other cryptocurrencies payments.


#10 - Cocacola

Good news for the residents of Australia and New Zealand!


Coca-cola Amatil is the largest bottler and distributor in the Asia Pacific. The good news for consumers is that the company has adopted cryptocurrencies for payments of vending machines.


This means more than 2,000 vending machines in Australia and New Zealand will let consumers buy Coke products using Bitcoin. Customers can scan a QR code and pay in crypto using Sylo Smart Wallet.


Let's hope that Cocacola will expand its services in other countries as well.


#11 - Starbucks

Global coffee giant Starbucks has followed the pack and accepted crypto payments.


Last year, Starbucks had an expansive trial regarding cryptocurrency payments in-app purchases using Bakkt (a digital asset platform). And finally, Starbucks has started accepting Bitcoin payments in El Salvador.


Bakkt also teamed up with Wyndham Hotels & Resorts, Cantaloupe, and Quiznos to let consumers pay through loyalty points, airline rewards, or bitcoin.


Final Words

And the list goes on...


Are you looking for more companies that accept crypto? Explore this post to check 250+ companies that accept bitcoin payments.


There are many other companies like CheapAir, Pavilion Hotels & Resorts, Expedia, Travala.com that have started accepting crypto payments.


Looking at how fast cryptocurrencies are being accepted, the days are not far where every transaction will be cashless yet secure and convenient than the current digital payment methods.

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DISCLAIMER

This article does not constitute any financial advice, and all suggestions/recommendations in this post are for informational purposes only. Elite Cash does not bear any responsibility for your loss. Please consult your financial advisors before investing in cryptocurrencies.