Should Businesses Accept Bitcoin as Payment?

Hawaii is crypto friendly once again

Advantages Brought by Accepting Bitcoin Payment for Small Businesses

For some small businesses, accepting Bitcoin might not make much sense for one reason or another, however, the following benefits may be also worth considering.

Bitcoin, Ethereum and Ripple

The Disadvantages of Accepting and Using Bitcoin

While there are many upsides to accepting Bitcoin for small business payments, there are some potential downsides. Consider these:

Website Implementation

Just how complicated is it to start accepting crypto payments in Bitcoin? If you only have a small volume of potential Bitcoin payments to be received, the easiest way to accept BTC would be to ask your customers to transfer the money directly to your Bitcoin wallet. This can be a wallet address from an exchange like Gemini or Coinbase or from a simple digital wallet (available for mobile devices and desktop computers alike) such as Mycelium, Exodus or the classic Blockchain.com.

Major Investors

Bitcoin has taken over the cryptocurrency market. It’s the largest and most well-known digital currency today, but just how many large companies are accepting Bitcoin as a legitimate source of funds?

Companies Currently Accepting Bitcoin as Payment

  • 4Chan
  • Amazon (indirectly)
  • AT&T
  • Burger King
  • CheapAir
  • Dallas Mavericks
  • ExpressVPN
  • Gyft
  • KFC
  • Mega.nz
  • Miami Dolphins
  • Microsoft
  • Namecheap
  • NewEgg
  • Norwegian Air
  • Overstock
  • Pizza Hut
  • Sport Lisboa e Benfica
  • Subway
  • The Internet Archive
  • The Pirate Bay
  • Twitch
  • Virgin Galactic
  • Wikipedia

Stores Currently Accepting Bitcoin as Payment

  • A Class Limousine
  • Alternative Airlines
  • Alza
  • Amagi Metal
  • Badoo
  • bigfishgames.com
  • bitcoin.travel
  • bitcoincoffee.com
  • CEX
  • Coupa Café
  • crowdtilt.com
  • curryupnow.com
  • Dish Network
  • Dream Lover
  • Etsy Vendors
  • Euro Pacific
  • EZTV
  • Famsa
  • fancy.com
  • Fight for the Future
  • Foodler
  • Gap, GameStop and JC Penney
  • Grass Hill Alpacas
  • Green Man Gaming
  • Grooveshark
  • Helen’s Pizza
  • humblebundle.com
  • i-Pmart (ipmart.com.my)
  • Intuit
  • Jeffersons Store
  • Lumfile
  • lv.net
  • Mexico’s Universidad de las Américas Puebla
  • MIT Coop Store
  • movieTickets.com
  • mspinc.com
  • Museum of the Coastal Bend
  • Naughty America
  • NCR Silver
  • Old Fitzroy
  • One Shot Hotels
  • Pembury Tavern
  • pizzaforcoins.com
  • PSP Mollie
  • PureVPN
  • Rakuten
  • RE/MAX London
  • San Jose Earthquakes
  • Save the Children
  • seoclerks.com
  • SFU bookstore
  • Shopify.com
  • ShopJoy
  • SimplePay
  • State Republican Party
  • Straub Auto Repairs
  • Stripe
  • suntimes.com
  • T-Mobile Poland
  • The Libertarian Party
  • The Pink Cow
  • WebJet
  • yacht-base.com
  • Zynga

Conclusion

With all those payment-processing companies, banks, industry leaders and other businesses accepting cryptocurrency, it is not difficult to see why increasingly more companies are accepting bitcoin and it is clear that the adoption of Bitcoin as a payment method will continue increasing with each year.

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