Top 5 Companies Using Bitcoin for Payments

Elon Musk ushered in the wave of institutional adoption of bitcoin in early 2021. Famous companies accepting bitcoin since 2014 have massively contributed to the institutional adoption of bitcoin. Undeniably, Elon Musk’s addition of bitcoin in Tesla motors added a lot to the credibility and usefulness of bitcoin as a monetary system. Yet companies like Microsoft and PayPal were already using it. Also we have to know the top 5 bitcoin IRA companies because everyone has to think about the future.

Microsoft launched bitcoin as a payment method in 2014, and since then it has expanded to the majority of its products (arguably due to the revenue generated from bitcoin mining). Microsoft accepts payments via bitcoin, but they are only accepted through a partnership with Bitpay. Another example is PayPal, which also started using bitcoin in 2014.

Paypal and Microsoft weren’t the only ones using bitcoin in 2014; they have also helped other notable companies use it for payments. These companies include Xapo, Expedia, Amazon, and Overstock. Let’s first look at the top five companies using bitcoin for payments.

1. Overstock

Overstock was one of the first companies to start using bitcoin in 2014. Since then, they have become one of the most popular bitcoin retailers among consumers due to their diverse and attractive items.

The company uses Bitpay as its payment processor, an American company founded in 2011. To show its support for bitcoin, Overstock has partnered with Coinbase accept payment in bitcoin as well as other altcoins like litecoin and dogecoin.

Overstock also owns a large wealth management company called “crypto.com”. He developed new technology and a private digital currency called “primecoin” that an individual could use for real-world payments. In addition to accepting the purchase of bitcoins on their main site, the Overstock market also offers an exciting variety of art, clothing, and jewelry.

2.Microsoft

The largest company in the world, Microsoft, accepted bitcoins early on, making it a global leader in bitcoin adoption and continues to be today through its partnerships with Bitpay and Coinbase.

In 2017, Microsoft officially decided to take bitcoin payments as their official payment method, and today it is used by more than half of their products in the company. Microsoft also has its virtual currency called “Microsoft points”.

Microsoft has partnered with many bitcoin ATMs in many countries, including Canada and the United States. Its partnership with Bitpay has allowed it to accept bitcoin payments from over a hundred countries around the world. One of their latest partnerships is with the London Block Exchange, where Microsoft will test its version of a digital wallet using blockchain technology.

3.Expedia

This company was founded in 1995 as an online travel booking service, but it wasn’t until 2014 that it started accepting bitcoin payments. As a result, it is now one of the biggest competitors to Priceline Group, a giant online travel portal with around 100 million users of its services.

Since 2014, Expedia has been accepting bitcoin as payment for flights and hotels, but unfortunately the bitcoin amount is usually minimal for such a large company. This may be the result of high transaction fees resulting from relatively low volume or the absence of hotel properties in some areas that accept bitcoins as payment.

4.Paypal

PayPal is an American company founded in 1998. It is a global payment processor and provider of online money transfer services. It’s one of the most popular and trusted online payment systems that has helped consumers send and receive money quickly, but it wasn’t until 2014 that they started to accept bitcoin payments through their partnership with Bitpay.

Today, they are accepted by over 100 million retailers in 24 countries, allowing customers to pay with bitcoin at checkout in their favorite stores. If someone wants to use the services of PayPal, they must have a verified account and then add the funds to their PayPal balance.

5.Starbucks

Starbucks is one of the largest coffeehouse chains in the world. It’s hard to imagine a day without this well-known cafe. According to reports, more than 240,000 employees work for them in 75 different countries.

It is currently ranked the 29th largest company in the world and is worth over $82 billion. Their services include the sale of coffee, tea and many snacks. Their products are sold in over 28,000 locations worldwide. You can place your order online through their website or mobile app, then use Bitcoin at any participating Starbucks store to pay for your items, which will be delivered right to your door.

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