When it comes to small business, Bitcoin is finally becoming legitimate. A recent HSB survey revealed that more than a third of small businesses in the United States accept cryptocurrencies like Bitcoin. With so many SMBs accepting Bitcoin, it’s safe to say that you can purchase almost anything with it.
But one has to wonder: just how far are we from a mainstream adaptation of Bitcoin?
Simply put, how much time will it pass before you’ll be able to pay for your groceries with Bitcoins? The answer to that question is: possibly sooner than most of us think. While most people still don’t realize it, many major companies have started accepting Bitcoin.
What are some of those companies?
10 Big Brands That Have Embraced Bitcoin
Whether it’s for commercial or marketing purposes, some brands have benefited significantly from embracing the Bitcoin. Now, we’re going to take a look at the ten largest businesses accepting Bitcoin.
1. Microsoft
We’re starting the list off with the biggest example of a large corporation accepting Bitcoin – Microsoft. The company originally started endorsing Bitcoin 6 years ago to allow its users to make purchases in the Xbox Store. Although they dropped the option for a while, they are accepting it again for Xbox store credits.
2. Whole Foods
Back in May 2019, Whole Foods started accepting Bitcoin through a dedicated app. The app is called Spend and it allows users to buy food using Bitcoin, Gemini, and Ethereum. Whole Foods is owned by Amazon, some are speculating that the e-commerce giant might start accepting Bitcoin in the near future.
3. Starbucks
This year, if everything goes according to plan, Starbucks will start accepting Bitcoin. The company is currently working on an app that will allow its customers to pay from their Bitcoin wallets. They are expecting to have a prototype ready for market testing at some point, during the next 6 months.
4. Wikipedia
Wikimedia is the single largest open-source community we have online. The company has worked for several years, providing free knowledge for people from all over the globe. It almost single-handedly killed the 244-year-old Encyclopedia Britannica. As you probably noticed, there’s a large banner on Wikipedia, which says that they accept Bitcoin donations.
5. NameCheap
You’re probably familiar with the name of this company if you ever tried running an online business. They are the earliest adopters of Bitcoin we have here; they started accepting it in 2013. The domain-purchasing company has been one of the favorites in the crypto community for quite a while now. They not only accept Bitcoin but they also fight for online freedom.
6. Burger King
A few Burger King branches around the world are now using crypto as a payment mode. On top of Bitcoin, customers in Venezuela can also pay in Litecoin, Ethereum, and Dash, to name a few. In Germany, you can pay for your food with Bitcoin both through the Burger King app and the official website.
7. Kentucky Fried Chicken
At one point, you could’ve bought chicken from KFC using Bitcoins. However, you had to be in Canada at that particular moment. The Canadian branch of Kentucky Fried Chicken accepted Bitcoin for a limited amount of time. They processed the payments and delivered the food right to the customer’s doorstep.
8. AT&T
In May last year, AT&T became the first mobile carrier to accept payments in Bitcoin. As the company’s president said, they are always looking to improve and their services and expand their offering so they are now trying out Bitcoin payments. They’ll continue doing so if enough people keep on paying.
9. Expedia
Expedia is one of the earliest adopters of Bitcoin in the travel industry. As a matter of fact, they started accepting crypto as a form of payment way back in 2014. While the website seemingly dropped the option two years ago, they seemed to have it back under control. In December of last year, they partnered with the shopping platform Lilli and restored the option.
10. Overstock
When it comes to e-commerce and cryptocurrency, overstock is leading the race. Not only does the company accept Bitcoin, but they also accept several other cryptocurrencies. From the look of things, the company shows no signs of backing down and seems to be in it for the long haul.
How to Get Started With Bitcoin
Over time, more and more companies are expected to start accepting Bitcoin and other cryptocurrencies. Bitcoin has officially made the leap from an academic concept to reality and you should familiarize yourself with it if you want to stay ahead of the curve.
You should use a service like NordikCoin if you want to figure out how to use crypto. The system is quite easy to use: it takes just a few minutes to apply for and register an account. In turn, that allows you to purchase any amount of Bitcoin you want at any given moment.
Along with low transaction fees and quick transfers, NordikCoin also gives you a place in which you can keep all of your Bitcoins. The company uses the latest encryption and security technology to ensure that your Bitcoin wallet stays 100% out of the hand of cyber criminals at all times.
Final Thoughts
Although companies that accept Bitcoin, Ethereum, and other cryptocurrencies are still in minority, we can clearly see that more and more of them are emerging each year. The truth is that we still have a long way before crypto goes completely mainstream and until companies start accepting it directly.
Giants like Microsoft, Expedia, and Whole Foods have taken a step in the right direction. Chances are, they will inspire others to join in. With their lead, other large corporations will realize the importance of supporting cryptocurrencies.
We hope you enjoyed our article and found it helpful. Do you know any businesses that accept Bitcoin? Did we fail to list it? Share your opinion with the rest of us by leaving a comment below.