The Top Companies That Accept Bitcoin in 2020
Thursday, October 1, 2020 13:09
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The Top Companies That Accept Bitcoin in 2020
Bitcoin is a bit of a weird kind of currency that was created in 2009. The reason why it appears odd is that there are no banks involved. Another amazing aspect is that as a new user to Bitcoin, you’re able to get started with the digital currency without understanding all the technical details.
But who accepts such currency in 2020? We take a look.
PayPal and Bitcoin
Bitcoin offers an alternative to central bank-controlled fiat money and has an efficient means of transferring money over the Internet. PayPal has been developing cryptocurrency capabilities and will allow users to buy and sell cryptocurrencies directly.
The fintech giant is offering direct sales of cryptocurrency to its users and this is expected to lead to a boost in demand. PayPal believes that the crypto-asset industry has seen significant growth recently. As a worldwide payment system, PayPal has more than 300 million active accounts around the world.
All these account holders can make use of PayPal to buy and sell bitcoin. You simply need to find a reliable trading platform that will allow you to purchase bitcoin using PayPal.
A Reliable Crypto Exchange
Bitcoin of America is an American crypto exchange open to most US investors allowing them to buy bitcoin for cash in its paper form. To this end, you’ll find a number of Bitcoin ATMs in the country.
As a money services business registered with the United States Department of Treasury, they operate in compliance with AMI rules, having compliance officers working on their team.
This crypto exchange doesn’t offer to trade between cryptocurrencies but it provides buying and selling of bitcoin opportunities. The exchange supports credit card deposits. You can deposit by means of wire transfer and through the ATMs as mentioned.
Leading Businesses Work With Bitcoin
Cryptocurrency is all about making online payments and there are many industries that have embraced this trend. They have accepted bitcoin and also familiarized themselves with a cryptocurrency payment gateway – technology required to accept crypto transactions.
Also, this blockchain technology ensures highly encrypted payments, which are more secure than traditional online payment gateways. Shopify and Subway accept bitcoin. Subway, for instance, is an American privately held restaurant franchise, while Shopify is a commerce platform that allows one to start a free online store to sell wares.
For online stores like this, bitcoin makes sense as it is a digital currency that is trade-able throughout the world and without the need for currency conversion.
Shopify and Subway appreciate that there are no limits to the number of transactions you can conduct every month, your account can’t be suspended and you can also keep bitcoins in a digital wallet accessible from a mobile device.
Buying of Online Products and Services That Much Easier
If a business wants to attract new and current customers, it has to make everything as easy as possible. An increasing number of businesses are looking at how to take bitcoin payments as they’ve seen the demand for online goods and services.
If they can offer crypto payments, these clients simply look at the business as one that has gone out of their way to make the buying of their products that much easier. A survey by HSB in 2020 reveals that 36% of small to medium businesses accept bitcoin in the United States, of which Wikipedia, Microsoft, Expedia and Playboy are just some.
Expedia is an online travel agency with more than 700,000 accommodation types that makes use of cryptocurrency through the crypto travel platform Travala.com. Playboy Enterprises, too, the adult-content media and lifestyle company, has also developed an online wallet so that their customers can use cryptocurrency for access to exclusive content.
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Good post. Bitcoin and other cryptocurrency become more and more popular with every next year. As I know nowadays you can pay for many products and services with this coin. By the way if you will need to exchange some your coins, you can easily do this via https://godex.io/ site. Good luck!