Site Search

Get Luxury News by Email

Live the Good Life

Categories more

Sections

Other

What Brands Have Started Accepting Cryptocurrency as Payment?

Be the first to review this item!

#crypto #cryptocurrency #blockchain #investment
Published
02/13/2023

Cryptocurrency continues to dominate markets and with its consistent popularity, more businesses have decided to incorporate it into the way that they operate. Such corporations vary in size and industry but the benefits that come with using crypto within business are synonymous regardless. This article will talk in more detail about some of the organizations that have started accepting the use of cryptocurrency.

Wikipedia

Wikipedia has been the go-to hub for information for the past few decades. With encyclopedic access to different corners of the internet, any question someone has or query they want resolving, Wikipedia is the go-to place. Now, Wikimedia, the company responsible for its operation, have started accepting donations in the form of cryptocurrency. These payments are made using BitPay.
 

Microsoft

Microsoft have started allowing the use of different cryptocurrencies on Microsoft accounts. This is beneficial for gamers as they are able to use crypto in order to purchase new games, in-game tokens and skins for their avatars. It can also be used to get different Microsoft products too. There have been instances in the past where Microsoft has stopped accepting Bitcoin, but this is no longer the case, and this payment method is currently up and running as normal.

Burger King

No, you’re not seeing things, according to local news reports there are some Burger Kings in Venezuela that have started working with the brand Cryptobuyer so that customers can pay using crypto. The options available include Bitcoin, Litecoin, Tether, and Dash. There are also some outlets in Germany which accept payment using Bitcoin too. It’s worth noting that if you want to pay for your Whopper with crypto, then it’s only an option if you’re ordering a delivery, not when you’re paying in store.

Why Are Companies Accepting Crypto?

The companies above are only the tip of the iceberg. Other companies that have started accepting crypto include AT&T, KFC, Overstock, Twitch, Subway, the Miami Dolphins, Pizza Hut, Virgin Galactic, PayPal, Expedia, and Norwegian Air (to name just a few). So, why are so many businesses doing this? There are a number of reasons, but one of main ones is client acquisition.

There are a lot of variations of crypto available now. So many that sites such as Cosmos are necessary that allow for more streamlined token migration. You can find out more on OKX’s cosmos guide, but the fact is, with these increased coins, more people buy them. If businesses don’t allow this growing sector to partake in what they sell, then they’re potentially missing out on additional revenue.

Other reasons why so many companies have started accepting cryptocurrency also include the fact that payments are quicker, cheaper and there is less risk of fraud. Not to mention, given businesses have started operating on a much more global scale since the rise of the internet, having access to a currency that doesn’t have any borders makes sales and money transfers a lot more straightforward. It’s likely that moving forward, more and more businesses are going to allow the use of crypto.

Comments