Bitcoin was the first cryptocurrency launched and still remains the most popular and accepted cryptocurrency. Higher accessibility and lower transaction costs make Bitcoin a favorable payment option across various industries.
This article highlights 10 companies that accept Bitcoin as a payment method.
Why is Bitcoin Considered a Favorable Payment Option?
Bitcoin is one of the most accepted cryptocurrencies in the whole world, with a market capitalization of 1.92 trillion as of December 10, 2024.
- Security: Bitcoin offers more secure transactions than credit/debit cards by utilizing the built-in blockchain security. Cryptographic techniques used in the blockchain add an additional layer of security.
- Low Transaction Fees: Bitcoin transactions are decentralized, meaning no third party is involved, making the transaction fee low. The transaction fees of Bitcoin are comparatively cheaper than other crypto transactions.
- Transparency: Bitcoin transactions are carried through blockchain technology. Every transaction in the platform is visible to all the participants and once the data is entered they can’t be changed or removed, making it difficult to tamper with it.
- Large Market Access: Bitcoin is widely used in the digital and physical world. Consumers from everywhere can make Bitcoin transactions, irrespective of the currency they are using.
Top 10 Digital Companies That Accept Bitcoin Payment
Following are the Top 10 Digital Companies that accept Bitcoins as a payment method;
1. Microsoft
Microsoft is one of the largest digital corporations in the world. The company has been accepting Bitcoin payments since 2014. The Bitcoin funds can be utilized to buy games, movies, and apps on Windows and Xbox. Though the company has made a halt in Bitcoin acceptance claiming the fluctuations of the market, resumed its service later.
2. PayPal
PayPal is the leading face in digital payment. The company allows Bitcoin transactions, users can buy, sell, and hold Bitcoins. Being the trendsetter in the digital payment platform, PayPal’s acceptance of Bitcoin blows a strong wave for the coin’s mainstream entrance. PayPal holds Bitcoin assets similar to conventional banks.
3. Express VPN
Express VPN is one of the largest and most well-known private virtual networking services in the entire world. It allows users to surf online safely and securely and access content without location barriers. The company began accepting Bitcoin in 2014 and one can enjoy their services by making a Bitcoin payment.
4. Shopify
Shopify is a leading e-commerce platform that supports different businesses ranging from local shops to worldwide brands. It began accepting Bitcoin as a payment method in 2013. Users can purchase different products including digital gadgets and handmade products from Shopify using Bitcoins.
5. Wikipedia
Wikipedia is the largest online information site providing users with knowledge about different concepts, things, and everything. Wikimedia, the company that operates Wikipedia accepts Bitcoin donations to enable free knowledge resources for the global community. An individual can contribute their Wikipedia donations in the form of Bitcoin transactions. The company began accepting Bitcoin transactions in 2015.
6. Overstock.com
Overstock is one of the E-commerce platforms that first accepted Bitcoin as a payment method. It began the Bitcoin transactions in 2014. The company sells different types of goods, including furniture and electronics, all can be bought using Bitcoin.
7. Expedia
Expedia is an online travel booking service that allows travelers to book hotels, flights, and itineraries in different countries. The platform allows its customers to pay bills using Bitcoin transactions. The company’s acceptance of Bitcoin permits users of different countries to make transactions without worrying about the type of currency they own.
8. NewEgg
NewEgg is an online store for purchasing different types of products ranging from electronics to playable toys. It is one of the best stores for buying computer gadgets and software updates. The platform accepts Bitcoin payments and allows people from different countries to enjoy the platform’s services. Since 2014, the company has been accepting Bitcoin payments and catering services for tech-savvy customers.
9. Home Depot
Home Depot is one of the largest home improvement retailers in the United States. The platform sells tools, construction materials, garden supplies, smart home devices, and other services. The company began accepting Bitcoin in 2019 and offers accessibility to all services using Bitcoin payments. The Flexa Spedn app is used to facilitate seamless Bitcoin transactions within the platform.
10. Dell
Dell is a computer hardware production company in the United States. The platform allows users to enjoy their products and services through Bitcoin payments. The Bitcoin transactions are facilitated by the Coinbase exchange. Dell has offered Bitcoin payment services since 2014 providing an alternative payment method for their customers to buy high-quality electronic devices such as laptops.
Also Read: How Do I Spend Bitcoin On Food? Learn The Process Here
Final Thoughts
Acceptance of Bitcoin payments in top companies signifies their commitment to leveraging new technologies to foster seamless transactions. Apart from Bitcoins, other altcoins like Ethereum and Litecoins have also been used in daily life payments. This shift paves the green signal for cryptocurrencies to enter all the mainstream markets very soon.