In a survey conducted by Deloitte titled as “Merchants getting ready for crypto” where its Deloitte polled to approximately 2,000 senior executives to frame a survey report. All were basically from the retail industry from diversified subsectors including fashion, sanitaryware, cosmetics, transportation, electronics, garments and food and beverage. It was found that almost 75% of retailers have plans to accept either cryptocurrency as a mode of payment or stablecoin for payments BITCODE METHOD, in the coming two to three business years. There has been a rapid popularity for cryptocurrencies in the last decade with Starbucks to Microsoft, Whole Foods to Lamborghinis, accepting cryptocurrencies from consumers as payment. Here are a few renowned businesses that have been accepting crypto payments for the last few years:
In the U.S., PayPal has not only introduced a cryptocurrency buying and selling platform but also accepts it as payment from customers. With the ability to pay using cryptocurrencies on PayPal, customers now have access to a vast network of merchants across the United States, totaling over 30 million. This further enhances the convenience and flexibility of using cryptocurrencies for everyday transactions, as customers can choose to pay with their preferred digital asset while still enjoying the benefits of PayPal’s broad merchant network.
This is an online travel company, which not only allows you to pay with cryptocurrencies like Bitcoin, Cardano (ADA), Dogecoin (DOGE), Ethereum (ETH), and more but also has a partnership with popular exchanges like Binance Pay and Crypto.com Pay, for easy hotel payments. The company has even launched its own digital currency AVA, which has doubled in value within a few months of its launch.
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Shopify one of the magnum global e-commerce companies has recently entered a collaboration with Crypto.com which has seamlessly made merchants able to accept crypto payments in Ether, Bitcoin, ShibaInu coin, Doge, etc. 20 different crypto tokens. However, the company has kept it even more attractive by eliminating transaction fees with only a mere 0.5 percent of the settlement fee.
One of the most popular and on-demand coffee house chains in the US, Starbucks too accepts Bitcoins and other cryptos for payment. You can therefore enjoy your morning cup of coffee, a coffee break with friends, and pay with your crypto holdings.
To manage its cryptocurrency payments, AT&T has partnered with an exchange platform, which enables the company to process transactions in a seamless and secure manner. This partnership has helped to streamline the process of accepting cryptocurrency payments, making it easier for customers to use their preferred digital assets to pay for mobile services.
Microsoft was one of the pioneering companies which realized the emerging need of the hour and upgraded to the new world of digital currency by accepting cryptocurrencies as a payment form. Within 5 years of the surfacing of Bitcoin, as early as 2014, the tech whale company announced that the company will accept crypto payment for games, apps, or digital content on Windows and Xbox.4.
One of the latest addition to the list is Emirates, a leading UAE airline that announced on 29th May 2022 its plan to begin accepting crypto payments. Moreover, the COO of Emirates also mentioned that the company was in a process of designing its application for the same.
Since 2013, CheapAir.com, a popular online traveling portal accepts a wide spectrum of crypto tokens as well. The company has made it seamless for consumers to pay with digital currencies as well as stable coins for flight or hotel bookings. You can pay with Ethereum, Bitcoin, Gemini Dogecoin, USD Coin (USDC), and Dollar (GUSD).
By embracing digital currencies, businesses can expand their customer base and potentially tap into new markets that they may not have been able to reach otherwise. Cryptocurrencies offer a fast and secure payment method that is becoming increasingly popular, particularly among tech-savvy consumers.
Overall, the growing number of businesses accepting cryptocurrencies reflects a broader trend towards the mainstream adoption of digital assets. By keeping pace with this trend, businesses can stay ahead of the curve and attract new customers while also offering existing ones more flexibility and convenience when it comes to making payments. If you are looking up to initiate secured crypto payment gateways, you can check out the bitcoin code.to know more about reliable cryptocurrency payment, trading, etc. The most important thing to incorporate digital currency payment for your business products or services is to pick a secure exchange partner for safe transactions.