Many big-name companies now accept cryptocurrency payments, even though the mainstream media keeps hinting that it’s impossible to do so.
This week, several major news outlets explored the basics of cryptocurrencies like Bitcoin.
“Cryptocurrencies are hard to spend,” stated CBS News. That was true five years ago, but in 2022, Bitcoin will be accepted by several national merchants.
At the moment, nine establishments accept bitcoin as a form of payment.
The cryptocurrency payment infrastructure is already finished
Below is an excerpt from a recent CBS Sunday Morning News broadcast that gives the impression that using bitcoin to buy common goods is a hassle:
This is going to be hard to spend. ”To test the waters, try paying with cryptocurrency at your local pet supply store, convenience store, or hot dog vendor. In New York, one of the few restaurants that accepts bitcoin directly is the PJ Bernstein Deli.”
It is not that people acquire dogs on a daily basis, or even annually. It is a pity that there are not more businesses that take advantage of CashApp. (It’s as easy as using Apple Pay or a credit card to complete the transaction.)
However, in 2022, large companies and Internet merchants will already accept Bitcoin payments (and some have been doing so for years, even before the epidemic).
Consumers can make payments in bitcoin to any of the nine S&P 500 companies or their affiliates listed above. They make it incredibly easy or seamless to interact with fintech partners at the point of sale.
In 2022, Bitcoin will be accepted as a means of payment.
Starbucks: Starting in March 2020, Starbucks app customers will be able to pay for their coffee with bitcoin. Starbucks and Microsoft began accepting Bitcoin in 2018 using infrastructure developed by the company that operates the New York Stock Exchange.
Microsoft: When it comes to Xbox Live, other Microsoft games, Windows apps, and other digital extras, Microsoft will accept bitcoin as payment. It has been in force since 2014.
Whole Foods (Amazon Inc.): Started accepting bitcoin for food purchases in 2019. That was in 2019 when Crate & Barrel and Nordstrom began accepting cryptocurrency as payment, thanks to the efforts of payments startup Flexa and the Gemini cryptocurrency exchange, run by the Winklevoss brothers.
AT&T: BTC payments using BitPay were first accepted by AT&T, the world’s largest mobile phone network service provider, in 2019.
Overstock: Several years ago, the world was shocked when Overstock.com declared that it would happily accept bitcoin – a virtual currency previously only appreciated by internet geeks – and deliver authentic high-end consumer goods and home furnishings directly to customers’ homes in 2014.
Home Depot: In 2019, Home Depot began accepting bitcoin payments using the Flexa platform. In the case of the Dow Jones blue chip firm, a homebuilder can use cryptocurrency to purchase virtually all construction supplies and tools.
PayPal: Starting in April 2021, PayPal will allow merchants to accept payments in bitcoin when using the PayPal button on their websites.
Twitch: Bitcoin, Ethereum, Litecoin and Bitcoin Cash can be accepted as donations by Twitch streamers on the platform (BCH). Some Twitch streamers make more money from bitcoin donations than some of the world’s highest-paid lawyers and doctors.
Etsy: It is a well-known Internet store. Etsy has integrations that allow independent web merchants to accept bitcoin payments in addition to other forms of payment.
