As early as 2013, many businesses began accepting bitcoin as a form of payment. Bitcoin offers a way around the traditional government’s rigid currency exchange controls by converting the country’s fiat currency (paper money) to a virtual currency that is accepted all over the world, thereby circumventing the government’s controls.
This is why a lot more people are buying into the promise of bitcoin: a currency not under the legislation of any government, operating in a decentralized system that can be used worldwide, crippling the effect of inflation. When bitcoin launched in January 2009 with the promise of lower transaction fees than traditional banking systems, it was obvious that the coin was created as an alternative payment system to create easier and faster local and cross-border financial transactions, a way for people to send money over the internet.
You can invest in Bitcoin, but seeing it as a tool in trade and seeing it as a digital currency are two different things. Once you start seeing it as a digital currency, there’s no going back. We have to spend this money, and that’s where the question I intend to tackle today comes in. Where can I spend my Bitcoin via profit revolution?
Continue Reading to Find Out!
Here’s a list of well-known companies that accept bitcoin as a mode of payment for their goods and services.
PayPal is an American multinational corporation that operates an online payment system in the vast majority of countries that allow for online money transfers. PayPal users can purchase, sell, and hold cryptocurrency for future transactions. It’s essentially the same as funding your bank account; you can use this cryptocurrency at checkout for certain purchases.
It makes cryptocurrency more accessible, but because it is not specifically a crypto wallet, it is recommended that it be viewed as a spending account, with you only purchasing the amount of bitcoin you intend to spend during the season. In addition to Bitcoin, PayPal accepts three other cryptocurrencies as well. As I previously stated, it’s similar to funding your account; PayPal manages the wallet, which means you don’t own any bitcoin. Is bitcoin available for payment when you want to make it? Yes.
AT & T
Think telecommunications, think AT & T. It is the world’s largest telecommunications company and the largest provider of mobile telephone services in the US, with services ranging from internet connections to mobile phone deals.
AT & T now accepts bitcoins as payment through bitpay, which is a verified cryptocurrency payment processor, and it is the first major U.S. mobile carrier to provide customers with the option to process payment using bitcoin.
There is no bad day to shop, and Etsy makes it easier to shop all your handmade vintage items and craft supplies. Etsy is the place you need to be if you’re looking for unique, creative goods. They also accept Bitcoin as a means of payment, and that has to be the icing on the cake.
Although Etsy doesn’t directly accept bitcoin, it allows the sellers on their platform to accept payment through bitcoin, so if a buyer wants to pay through bitcoin, all they have to do is to make the offer to the seller, and the seller will then contact you with their bitcoin payment address and the transaction can be completed.
Shopify is an all-in-one commerce platform for businesses. They power over 1,700,000 businesses worldwide. One way to gain bitcoin is by accepting bitcoin as a mode of payment for goods or for services. Shopify allows sellers on their platform to accept payments in Bitcoin and other cryptocurrencies.
Microsoft surveyed its users about adding a bitcoin payment option to purchase the Xbox from the store early in the year. At the moment, you can only use bitcoin to add money to your Microsoft account and then purchase digital goods at some Microsoft online stores.
Although you still can’t use bitcoins to purchase Microsoft products and services directly at this time, their move is a positive one, and coming from a big corporation like Microsoft, there’s also motivation for other companies to join in.
Through the use of bitcoin, Overstock launched its e-commerce checkout system in 2014, enabling shoppers across 107 countries to purchase electronic gadgets, laptops, and televisions.
With more and more companies buying into the means of exchange quality of bitcoin, there’s no telling how many more companies will accept bitcoins in the future. I predict a lot more companies in the US will be keying into this mode of payment. Bitcoin is definitely making the entire world ONE, and we’re here for it.