Bitcoin was first introduced in 2009 and has revolutionized the payment system. It offers an opportunity for people without access to traditional banks as a substitute to make transactions.
In recent years, bitcoin has gained a consistent market presence, becoming the predominant accepted digital cryptocurrency in the market. It is considered one of the legitimate sources of funds by many brands. Today, you can upgrade your Microsoft account with crypto tokens.
A recent survey suggests that apart from Microsoft, 36% of the small to medium size companies prefer Bitcoins for services and products in the United States. Not only bitcoin, but various other crypto tokens are also now widely accepted by global brands as a mode of payment.
Even though blockchain technology is unfamiliar to most people, multiple companies and organizations in the United States are accepting cryptocurrency as a substitute for traditional payment methods. Today, virtual Bitcoin is an alternative currency used by millions of people. Financial experts often label bitcoin as the architect of the revolution in the future of money.
Here is a list of global brands that accept cryptocurrencies.
Also Read: How to Track Stolen Cryptocurrencies?
Microsoft not only allows users to use cryptocurrency to top up their accounts but also allows people to use the currency for other services. They can use bitcoins to pay for Microsoft games, apps, Xbox Live, and other digital content.
Apart from selling and buying cryptocurrencies, the customers can use the currency in the United States at merchants who accept online transactions. Litecoin, Bitcoin, Ethereum, and Bitcoin cash are some of the currencies that PayPal accepts.
Wikipedia is the World’s most popular encyclopedia, which is not only informative but comprehensive and extensive. It accepts financial contributions and donations in Bitcoins. The company that runs it, Wikimedia uses BitPay as a payment platform.
In the United States, being one of the major mobile phone providers, AT&T accepts crypto payments from the BitPay platform as a third gateway for transactions. Many consumers use their digital currencies to make payments, and AT&T allows them to do so while checking out.
Starbucks is a popular coffee shop all over the World. Although it is not possible to pay via cryptocurrency for a morning coffee, you can add funds to your coffee through the company’s application. Bakkt is a third-party wallet application that can help convert your Bitcoin into dollars and use it in exchange for products like Starbucks.
In the past week, Gucci announced that it would start accepting crypto payments in Dogecoin, Shiba Inu, Wrapped Bitcoin, Bitcoin Cash, Ether, etc. However, the brand is accepting crypto tokens only in a few flagship stores in the United States.
However, due to anti-money laundering regulations, the possibility of accepting the crypto tokens was stalled for high-value services and products.
Other than these brands, various other globally recognised brands have already or are planning to accept cryptocurrency as their payment options. The maker of the electric car Tesla, Elon Musk started accepting cryptocurrency as a payment method, however, it was stalled after three months due to AML issues. Sometimes, the cost of products may not be around ten thousand dollars, nevertheless, the tax and laws may resist crypto owners to use the new crypto payment option.