Cryptocurrency has been a massive popular as mode of payment in every transactions of different companies, because of its incredible system called Blockchain.
For a year now, digital currency, or cryptocurrency, is becoming more talked about and well known to the general public.
In addition, increasing numbers of companies are accepting it as a form of payment for goods and services every day.
Here are several different kinds of cryptocurrency that businesses accept as payment for goods and services. Although not all do at the present, there are more than 7 companies that accept cryptocurrency.
In August 2017, Overstock.com (OSTK) announced their acceptance of cryptocurrencies as a form of payment for goods they sell. They will take not only Bitcoin, but Ethereum, Litecoin, Dash, and Monero as well.
They utilize a digital asset exchange company called ShapeShift to complete transactions. It converts currencies through blockchain in seconds without an account having to be set up.
Expedia (EXPE) is another of the major companies that accept cryptocurrency in the form of Bitcoin. However, buyer beware. Once you begin a transaction with Expedia using Bitcoin you can’t cancel it.
Subway is another major company that is now accepting cryptocurrency
They have followed suit by allowing bitcoins to be traded for meal items. Whether or not they will begin accepting Ethereum, Tether, or any other form of cryptocurrency is not yet known.
Bitcoin is accepted by PayPal (PYPL) as a form of payment. It’s run through payment processors such as GoCoin, Coinbase, and BitPay. They are one of the first companies to begin accepting cryptocurrencies as payment for transactions completed through them.
In the future they are also considering the use of Ethereum, as well as other cryptocurrencies.
You can set up your own online shop through Shopify (SHOP) much like you could through other platforms like eBay or Etsy. As early as 2013, Shopify became one of the well-known companies that accept cryptocurrency.
The form of cryptocurrency they are accepting right now is Bitcoin. It is possible they may accept others in the future.
It appears that Microsoft (MSFT) first began accepting Bitcoin cryptocurrency back in December of 2014. In the last couple of weeks they announced they would stop accepting it but reversed the decision just days later.
This may not be the first time they have made the statement that they will no longer accept Bitcoin. In 2016 a similar declaration was made. But, it was overturned as well. Time will tell whether or not Microsoft will continue accepting any form of cryptocurrency for its products.
Pizzaforcoins is one of the early companies that accept cryptocurrency. In fact, they accept over 50 different kinds of cryptocurrency.
They started taking it in early 2013. They are so enthusiastic about cryptocurrency that it’s the only form of payment they accept. Of course, they are not available for everyone because not every city or town has a pizza restaurant connected to them.
The companies listed above are not only accepting digital currencies as payment, they are doing it successfully. If they weren’t successful, it stands to reason they would have stopped taking cryptocurrency long ago.