Since last time the BTC Halving, the price of Bitcoin has once again broken 10,000 today, and Bitcoin has been promising since it was launched. As of now, it is still bullish for a long time. According to Mike Alfred, CEO of Digital Assets Data told Cointelegraph that he thinks that in the long run, Bitcoin will replace gold as the hardest currency for depositors. He also added, in a world where the economy is increasingly networked and virtual, Young people are more interested in Bitcoin.
Before you get the Bitcoin, you might think, where can I use the Bitcoin as the payment? Since bitcoin is relatively new, many companies are wary of price fluctuations, so bitcoin is not as widely accepted as traditional fiat currencies, and you may not be surprised.
Nonetheless, the numbers of retailer and service teams that accept Bitcoin are still growing. According to the Coinmap.org website, there are nearly 15,000 places around the world that can use bitcoin to purchase goods and services, but the number of suppliers that accept bitcoin may be much higher because bitcoin is already a legal payment tool in countries such as Japan.
You can buy food and drinks in many bars and restaurants around the world. In addition, you can also get various network services, book accommodation and air tickets, buy real estate, order pizza, consumer goods, pay taxes, and even use BTC to go to space with Virgin Galactic.
Well-known companies that accept Bitcoin
First of all, the benefits of using bitcoin for payment is to allow you to send funds to merchants equipped with functional bitcoin wallets, without the need for intermediaries, and at the lowest cost. Companies that provide goods and services in exchange for bitcoin will also benefit because they can take advantage of a growing crypto-friendly audience, transaction fees are lower than online payment cards, and they can charge without fees Solve the problem.
As you can see, many companies accept Bitcoin, but it also depends on where you are and what you need. Although Bitcoin is more popular among small merchants, some well-known companies also accept Bitcoin payments.
Microsoft - Currently, Redmond support using Bitcoin to top up their Microsoft accounts. Used in this way, Bitcoin can be used to buy apps or games from the company's Windows or Xbox store, however, it does not support buying things from the online store. Although the company's previous record of supporting Bitcoin is not stable, the support for this cryptocurrency is undoubtedly the sail of crypto promoters.
Expedia - The travel giant supports the use of Bitcoin through Coinbase, but users are advised to check the details in the terms of use.
Wikimedia - The parent company behind the Wikipedia platform, will accept the Bitcoin donation.
Subway - Recommends that customers check their local connectors for Bitcoin support, because some of them may now provide bitcoin support as in the past.
Playboy TV - supports bitcoin payments to those who want to use BTC to access adult content.
AT&T - American Telephone and Telegraph Company is a well-known mobile operator in the United States, offering the option of using Bitcoin for payment, provided that users pay through the Bitcoin service.
There are also some major players (as of October 2019) that do not accept Bitcoin as payment, because these market participants are usually the objects that Bitcoin users query:
Amazon does not accept Bitcoin payments. However, things like Wallet.io allow you to buy goods from their merchants in a more or less direct way. This platform will connect bitcoin holders who want to buy something on Amazon with people who want to receive bitcoin in exchange for placing orders from the platform.
eBay is another popular online purchase method. Similar to Amazon, it does not support Bitcoin as a payment method.
Starbucks currently does not allow to use BTC to pay for coffee or any of its products.