What You Can Buy With Bitcoin

  • 2022-04-28

When Bitcoin was introduced 13 years ago, it promised a financial revolution by enabling the transfer of money without the involvement of any bank or financial institution. It meant that the billions of unbanked people globally, who lack access to conventional banking services could stop relying on cash. 

Fast forward to today, Bitcoin remains the largest cryptocurrency, with the power to disrupt the world. Owing to its potential, the currency is being accepted by global businesses as a means of payment. In addition, countries are starting to legalize the currency. El Salvador made Bitcoin legal tender. 

The following are the companies that allow you to buy their products and services using Bitcoin.

  • Microsoft

Microsoft is an early adopter of Bitcoin. The company started accepting Bitcoin payments in 2014 when it allowed people to pay for games, apps, and other platforms like Xbox and Windows phones using Bitcoin. 

In 2014, Bitcoin was not known to many and most of those who had heard about the currency were familiar with it for the wrong reasons. However, a bar in New York accepted Bitcoin, along with a few restaurants and car services. 

 

  • PayPal

Three months after Microsoft started accepting Bitcoin, PayPal jumped on the bandwagon. The company intended to attract businesses to its platform instead of consumers. The benefit that was offered was a lower transaction fee compared to the profit-killing charge between 2% and 3% that the businesses had to pay for credit card transactions. 

On March 30, 2021, PayPal introduced an option – Checkout with Crypto – to enable people to pay using cryptocurrency. Today, you can make online purchases at 29 million active PayPal merchants using Bitcoin. 

 

  • Etsy

Etsy itself does not accept Bitcoin as payment, but it enables the independent sellers with its platform to accept cryptocurrency as a means of payment if they want to do so. Those interested in accepted crypto payments can add an “Other” payment method option at the time of checkout. 

As a buyer chooses this payment option and sends a message to the seller, the seller responds with their Bitcoin wallet address to execute the transaction. It means that you can pay for products listed on Etsy using Bitcoin. 

 

  • Starbucks

In March 2020, when COVID hit the world, Starbucks announced it was riding the Bitcoin wave. However, like Etsy, Starbucks did not begin accepting cryptocurrency as cash. You cannot pay for your coffee with crypto at the register, but you can leverage the option to add Bitcoin – in addition to other things such as gift card balances – to the Starbucks app and make the payment. To achieve this, Starbucks used a third party digital wallet application known as Bakkt which converts Bitcoin to dollars to enable accelerated payments. 

So, the next time you go to Starbucks, you can choose to pay for your Frappuccino using Bitcoin.

 

  • Newegg

Newegg – the online electronics giant – accepts Bitcoin. On the contrary to some of the other platforms where you need to convert cryptocurrency to cash using a third-party service or an application, Newegg allows you to pay with crypto outright. 

If you are buying through your desktop, you have to simply choose “Pay with Bitcoin”. However, if you are making a purchase through your phone, you will receive a QR code from Newegg to scan. You can easily buy any electronic product on Newegg using Bitcoin. 

 

  • Travala.com

This online travel company enables you to pay using Bitcoin, in addition to other cryptocurrencies, such as Ethereum (ETH), Dogecoin (DOGE), Cardano (ADA), and more. The company has partnered with Crypto.com Pay and Binance Pay to enable its consumers to pay for their hotel stays by using the exchanges’ applications.  

 

  • CheapAir.com

CheapAir.com is another early adopter of cryptocurrency. The company started accepting crypto payments in 2013 and accepts multiple cryptocurrencies and stablecoins, such as Bitcoin, Ethereum, Dogecoin, USD Coin (USDC), and Gemini Dollar (GUSD). If you want to book your flight ticket or a hotel with CheapAir.com, you can pay with Bitcoin, altcoins, and even selected stablecoins. 

 

  • Rakuten

Rakuten, a Japanese shopping site, started accepting Bitcoin as a means of payment in 2015. The company as Rakuten.com in the U.S. and then expanded the new service to its counterparts in Austria and Germany. The company achieved this with the integration of the Bitnet payment processing platform with its marketplace. It has also built Rakuten Wallet that now extends its support to altcoins like Ethereum and Bitcoin Cash. 

 

  • AT & T

In 2019, AT & T announced that it was the first mobile carrier to allow cryptocurrency payments. The company achieved this by leveraging a third party payment processor, BitPay. So, when you avail services offered by AT & T, you can check out using Bitcoin or any other cryptocurrency. 

 

  • Dallas Mavericks

Mark Cuban, a billionaire crypto enthusiast owns an NBA (National Basketball Association) team that has been accepting crypto payments for more than two years now. If you are a fan of the Dallas Mavericks, you can buy their tickets and merchandise using Bitcoin and other cryptocurrencies like Ethereum, Bitcoin Cash, USD Coin, Binance USD, Gemini Dollar, and Dogecoin. 

 

Wrap up

Cryptocurrencies are gaining traction, not only for trading but also as a payment option. From the food industry to hospitality and electronics companies, giants are riding the Bitcoin wave. This is contributing to the adoption of cryptocurrencies, and enabling people to leverage more transparent, cost-efficient, and accelerated transactions. 

 

Cover image source: Pxhere

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