As Bitcoin and other cryptocurrencies continue to grow in popularity, an increasing number of businesses are beginning to accept crypto payments.
Here is a list of some companies that have made the switch to crypto payments in 2024.
Whether you’re looking for a new place to spend your bitcoin or ether, or you’re simply interested in keeping up with the latest trends in cryptocurrency usage, this list is a great place to start.
What are Crypto Payments
Crypto payments are digital payments that use cryptocurrencies as a means of payment. Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and to control the creation of new units. Bitcoin, the first and most well-known cryptocurrency, was created in 2009.
Crypto payments have grown in popularity in recent years as a way to make secure and fast digital payments. They are used by businesses and individuals all over the world. Crypto payments are made using a cryptocurrency wallet, which is a digital platform that allows users to send and receive cryptocurrencies.
Crypto wallets can be either hot or cold. Hot wallets are connected to the internet and allow for 24/7 access to funds. Cold wallets are offline, stored on a USB drive or other storage device and can be accessed at certain times.
The type of wallet you choose will depend on your needs and preferences, but cold storage is generally considered more secure as it limits exposure to cyber attacks.
One advantage of crypto payments is that they enable fast transactions with low fees. Crypto payments are also irreversible, meaning that once a payment is made, it cannot be refunded.
This can be an advantage or a disadvantage, depending on the situation.
Crypto payments are not regulated by governments or financial institutions, which can make them attractive to users who wish to avoid traditional banking systems. However, this also means that there is no protection if something goes wrong.
Crypto payments are a relatively new phenomenon and are still evolving. As such, there is no one-size-fits-all answer to whether or not they are right for you. Consider your needs and preferences carefully before making a decision.
10 Companies that Accept Crypto Payments-
Cryptocurrency is one of the most exciting technologies to emerge in recent years. With it comes a new way for people and companies to transact without needing banks or credit cards.
This opens up a whole new world of possibilities for businesses, both big and small. And many have already jumped on board by accepting cryptocurrencies as payment options.
Here are 10 companies that accept crypto payments, in detail:
1. Microsoft
Microsoft was one of the first major companies to start accepting cryptocurrency as payment. In 2014, they began accepting Bitcoin for certain digital content in their store.
This included apps, games, and videos. And as the price of Bitcoin surged, so did their sales. They’ve since expanded their range of supported cryptocurrencies to include Bitcoin Cash, Ethereum and Litecoin.
2. Overstock
Overstock was one of the first major online retailers to start accepting cryptocurrency as payment for its many products.
The company is also a strong supporter of blockchain technology in general, so it makes sense that they would be willing to accept digital currency as a form of payment. They currently accept 11 different cryptocurrencies, including Bitcoin, Litecoin and Ethereum.
3. Expedia
Expedia has long been one of the leaders in online travel bookings, offering customers a fast and easy way to book hotels and flights with just a few clicks.
Now, they’ve added another payment option to their platform: cryptocurrency. Thanks to a partnership with Coinbase, Expedia now accepts Bitcoin as payment for hotel bookings.
4. Shopify
Shopify is an e-commerce platform that enables businesses of all sizes to create their own online stores. And it’s an early adopter of cryptocurrency payments, with over 75,000 businesses using the platform to accept Bitcoin. This is thanks to Shopify’s partnership with Coinbase back in 2013.
5. REEDS Jewelers
Reeds Jewelers is a large jewelry company that operates 65 retail locations across the United States. They started accepting Bitcoin as payment back in 2014, and have since expanded their range of supported cryptocurrencies to include Ethereum and Litecoin.
6. Newegg
Newegg is an online retailer that specializes in computer hardware and consumer electronics. They were one of the first companies to start accepting Bitcoin, back in 2014. Today, they also accept Ethereum, Ripple, and other popular cryptocurrencies.
7. Zynga
Zynga is a gaming company that develops social games for mobile devices and social networks. They were one of the first companies to start accepting cryptocurrency as payment on their platform back in 2014. And so far, it’s proved to be a successful strategy.
8. Steam
Steam is a popular gaming platform that’s one of the largest in the world by total users, with over 125 million monthly active users. In April 2016, it became one of the first major online companies to start accepting Bitcoin as payment for games and other digital content.
A month later, they stopped accepting Bitcoin due to the volatile nature of the cryptocurrency’s price. But they have since resumed accepting it.
9. Namecheap
Namecheap is an online domain registrar and web hosting company that was one of the earliest companies to start accepting Bitcoin as payment. In 2013, they started allowing customers to pay for their services using Bitcoin.
The company also claims that it’s the world’s largest domain name registrar by number of registered domains.
10. Subway
Subway has been an early adopter of crypto payments, starting in 2014 when they began accepting BTC as payment at some locations in Buenos Aires, Argentina.
Later that year, it expanded its crypto payment options to include Bitcoin and Litecoin at a number of locations across the country.
As of 2019, it’s estimated that there are around 500 Subway locations that accept cryptocurrency as payment.
Cryptocurrencies are far from perfect. But they’re an important invention that can help to improve the way we handle money. And as early adopters of cryptocurrency payments, these 10 companies have shown a strong commitment to supporting new technologies and payment options.
Quick Links
- Cryptocurrencies And Advertising
- The Impact Cryptocurrencies Have On The Environment
- Some Basics Cryptocurrency
Conclusion- Companies That Accept Crypto Payments In 2024
As cryptocurrencies continue to gain popularity, an increasing number of businesses are starting to accept payments in various digital currencies.
If you’re looking for a way to make it easier for your customers to pay you, accepting crypto payments could be the solution you’ve been searching for.
We’ve put together a list of some of the companies that are currently accepting crypto payments so that you can start taking advantage of this growing trend.
