The world is going digital, and so should you. With the pandemic, most payments have been made digital, and companies have even started accepting Cryptocurrencies as a medium of exchange. Most companies accept Bitcoins that can be bought at Bitcoin Prime today only. So, make sure you take a peek into the website right away. The environmental issues, volatility factors, and transaction costs involved have been obstacles to the easy acceptance of Crypto as the mode of payment. However, there are still companies that accept it.- Use Cryptos
Since the time Cryptos bloomed in the market, analysts have predicted that it will be the future of money and people will shift from paper money to digital money. So, here we are, slowly making this prediction come true.
Let us move forward to see where you can use your Cryptocurrencies to buy goods and services:
- Overstock.Com
Since 2014, this company has accepted Bitcoin as a mode of payment from its customers. It has partnered with Coinbase, which helps the Crypto payments that come to its website. They are also moving towards launching a blockchain investment company which is going to be known as Medici Ventures.
- PayPal
This US-based platform facilitates buying and selling of Cryptocurrencies and allows its users to pay through Crypto. This explains that whichever merchants or vendors use PayPal, they accept Crypto as a mode of payment. The Cryptos accepted by Paypal are Bitcoin, Litecoin, and Ethereum.
- Travala.Com
This is a famous online travel company. They accept a wide range of Cryptos like Dogecoin, Bitcoin, Ethereum, Cardano, etc. They also have their Cryptocurrency, which is called AVA.
- Starbucks
Imagine using Crypto to buy your Coffee before going to work? Starbucks makes that possible through their third-party payment app, Bakkt. This application can be used for buying and selling crypto and for payments as well.
- CheapAir.Com
Another travel company that accepts Cryptocurrency as its mode of payment is this one . They have accepted them since 2013, and they accept a large variety of Cryptos as well. They also accept Stablecoins along with Cryptos. A few ones that they accept are Dogecoin, Bitcoin, Ethereum, Bitcoin Cash, Gemini Dollar, and USD Coin.
- Dallas Mavericks
Mark Cuban’s NBA team has adopted Crypto payments in the past few years. Fans can buy tickets and merchandise using Cryptocurrencies like Bitcoin, Dogecoin, Ethereum, Bitcoin Cash, Binance USD, and Gemini Dollar. Dogecoin is the most recent addition to the list of Cryptos that this team accepts.
The Bottom Line
As time passes by, the adoption of Cryptocurrencies is growing. We are going digital, and as predictions say, there will come a time when only digital modes of payments will be accepted. There is a potential chance of the imposition of capital gains tax on payments made through Cryptocurrencies, so you should keep that in mind. However, the world is looking forward to big tech giants starting to accept Cryptocurrencies as a medium of exchange for their products and services.