Bitcoin has gained a burst of popularity over the years, especially with investors. But, there is also a great number of businesses that operate both offline and online and accept BTC payments. In fact, at the moment, there are over 15,000 companies around the world that accept bitcoin. In this article, we have included some great businesses that are worth considering when you’re looking to spend your BTC.
Why Businesses Accept Bitcoin
Bitcoin is a digital cryptocurrency that allows instant transfer of money over the internet without exorbitant processing fees. Another appealing reason is that the price of bitcoin has been steadily increasing over the years and in 2020 has reached $17,000.
It is also expected that it will surpass $20,000 by the end of 2020. Additionally, some businesses find that accepting BTC payments is a good way to attract new target audiences. So, it’s safe to say that for both individuals and businesses, bitcoin is considered a great investment. Otherwise, businesses play a crucial role in the adoption of BTC on a larger scale.
Microsoft
Microsoft is a leading tech company that has been at the forefront of technological innovation. The tech giant is one of the first companies to accept bitcoin. Actually, Microsoft has accepted BTC payments since 2014. You can purchase digital products and services from Microsoft, including apps and games from Windows, Xbox Music, Windows Phone, Xbox Video Stores, and Xbox Games.
Etsy
Etsy is an eCommerce site that sells vintage items, handmade items, craft supplies, clothes, furniture, arts, and more. It was founded in 2005, and since then, it has attracted over 46.35 million users. Currently, on Etsy, you will find over 1,000 sellers that accept bitcoin. Hence, it‘s a great site for anyone that is looking for unique items.
Bitcoin Supersplit – Exchange Platform
Online Exchange Platforms are also very attractive options for investors. This is especially true in 2020 because the price of bitcoin has increased significantly. Therefore there are many new crypto exchange platforms like https://the-bitcoinfuture.org/. This is an award-winning auto trading system powered by a powerful AI robot. Actually, the platform has won the Top Performing Robot 2020 award from the American Traders Association.
For a lot of users that don’t have much experience with trading, this is the perfect platform, as it doesn’t require a lot of effort as manual trading. Furthermore, users can earn up to $1 million in less than a year trading here. You can register by depositing a minimum of $250.
Shopify
This is a renowned e-commerce site that helps freelancers and businesses create their own online shop. It is also known for its retail point-of-sale systems. The platform is used in over 170 countries, 500,000 businesses, and has over 1 million users. Shopify supports over 300 cryptocurrencies, including Ethereum, Litecoin, and Bitcoin. The platform has partnered with several digital payment processors like Coinabase Commerce, GoCoin, and BitPay.
eGifter
Today there are still a lot of businesses that don’t accept bitcoin. eGifter is a great solution if you want to purchase a gift or an item from a major retailer and other companies that don’t accept BTC payments. So, you can use your gift card from the platform to purchase products and services from Uber, Domino’s, Macy’s, Home Depot, and many other brands. It’s worth mentioning that they collaborate with over 300 businesses, so you will certainly have a lot of options to spend your BTC.
Fancy
Fancy is an online marketplace where you can purchase luxury goods. The site features everything from home décor, furniture, accessories, clothes to shoes, jewelry, and more. There are a lot of unique items because they partner with only top brands, and fortunately, they accept Bitcoin and Bitcoin Cash.
Twitch
Twitch is a top video live streaming platform where you can connect and watch live streams from your favorite content creators. Even though it was primarily developed for gamers today, you can find content creators from different fields, including sports, travel, music, and more.
There are over 140 million users on the platform, and it’s a good way to interact with like-minded people and support your favorite creators. You can make payments with BTC and Bitcoin Cash.
Summary
Businesses as investors can’t avoid the hype around bitcoin and many are looking to obtain BTC. Hence, they are also participating in the digital gold rush that is happening right now. Furthermore, governments have a great influence on the number of businesses that accept bitcoin and other cryptocurrencies, now and in the future.
Currently, governments have different policies regarding bitcoin; some prohibit crypto exchanges while others support bitcoin and blockchain technologies. So, the number of businesses, big and small, that accept bitcoin will also depend on government regulations regarding cryptocurrencies.