”Resistance is the first step to change” says Louise Hay.
Speaking quite frankly, the investors were always skeptical of the new assets. Salt merchants thought cinnamon demand in the Silky Road was evanescent. British bankers were pretty certain that sugar cane plantation in Jamaican colonies was a waste of resources. In both examples, the resistors have become the most forceful traders of these recent emtias after a while. This is an ancient story in financial approaches to new arrivals in the market. When Bitcoin came to the stage in 2009, conservatives kept their distances and accused it to be a ponzi scheme. DeFi technologies and digital currencies were also antagonized cruelly by the higher authorities such as banks and governments. Against all, Bitcoin earned a rightful reputation over years and history repeated itself.
The funny part is the first official use of BTC as a commercial transaction with an actual company was at Papa John’s pizza for the purchase of two pizzas on 22 May, 2011. Ready to hear how much they cost? Hang on to your hat! 10,000 BTC! On its 11th anniversary in 2021, Bitcoin price reached $63,000. Thus, these two pizzas were worth $630 million! Mind blowing, right?
Today, Bitcoin is accepted as one of the most demanded assets for investors. As of now, we are talking about a tremendous ecosystem. While the Bitcoin market cap of $1 trillion is considered a major “turning point”, its market cap has soared by more than $450 billion this year alone. Naturally, such a potential and demand gathered big investors like honeybees. Most of them consist of prestigious worldwide companies and developer establishments.
Let’s take a look at those who are avant garde and chose to keep with the times.
Microsoft
As an American multinational tech company producing computer software, consumer electronics, personal computers, and related services, Microsoft’s approval was a huge step forward in the Bitcoin story. In 2014 Microsoft announced that it would accept cryptocurrency as payment for games, apps and other digital content for Windows Phone and Xbox. This was just a start!
Overstock
Overstock is an American online shopping site selling primarily furniture and household goods. The company has been serving Bitcoin as a payment method. The sympathy of the company for cryptocurrencies reflected a CNN report mentioning Overstock as a ”basically a crypto company” in 2018.
Tesla
In February of 2021, when Elon Musk proclaimed Tesla had purchased $1.5 billion of Bitcoin in his Twitter feed, Bitcoin gained a beyond belief increase. The company is waiting to accept a Bitcoin option to buy a Tesla vehicle at the beginning of 2022. A futuristic car purchased with futuristic money! Although many blame Dogecoin lover entrepreneur and business magnate for being a manipulator in the crypto trading universe, Tesla’ s ocular support on cryptocurrencies is undeniable.
PayPal
Today, PayPal is one of the most reputable payment options for numerous online shopping enthusiasts and it enables users to pay in Bitcoin (BTC) upon checkout with multiple vendors. The good news is that Customers in the U.S. (except Hawaii) can also utilize Ethereum, Litecoin, and Bitcoin Cash for their purchases.
Starbucks
The famous American multinational chain of coffeehouses and roastery dipped his toes into the water in the middle of 2020. You can not grab your Iced White Chocolate Mocha directly by BTC – yet. But with the help of a third-party digital wallet, you can easily fund your Starbucks account with Bitcoin and take a sip from your coffee.
Etsy
Various Etsy independent sellers accept Bitcoin as a payment preference in the ”Others” section during checkout. If you are a member of the website, you can learn how to list Bitcoin with explanatory tutorials. So the next time you want to buy a Handblown Glass Cat Statue on Etsy, keep this in mind!
Twitch
Being a heavy stone on the streaming video platform sector, Twitch was one of the earliest adopters of Bitcoin. Just like many other establishments of Amazon, users are able to buy in Bitcoin, but also Ethereum, Bitcoin Cash, BUSD, PAX, GUSD, USDC, and XRP.
Newegg
Unarguably, Newegg is the first retailer that comes to our minds when the subject is electronic and computer hardware. The company places several cryptocurrency mining systems on its online shopping site. Therefore, it was not surprising when the ”Pay With Bitcoin” line appeared among payment options. Are you interested in buying a desktop GPU to dig for Ethereum? Purchase one in Bitcoin.
Wikipedia
Did you know that you can donate the world’s largest open-source encyclopedia, Wikipedia, using your Bitcoins? Wikimedia has accepted BTC payments through BitPay for a long time now.
Besides the above mentioned pioneer companies, we can add some food chains that enable BTC purchases partially. Burger King Germany, Burger King Venezuela, KFC Canada, Pizza Hut Venezuela and multiple Subway branches. Moreover, you can book your flight and travel with Bitcoin via Expedia.com, Cheapair.com and Alternativeairlines.com. Literally…Sky’s the limit when it comes to BTC.
In conclusion, Bitcoins and other cryptocurrencies are the future of our finances and the ones who dare enough to test the status quo and accept them will lead the sector in forthcoming days. Do you operate an e-commerce site? Why not add BTC to your portfolio? Jump into the train and gather compliments for your innovative approach.
Remember the words of Bill Gates, ”Bitcoin is better than currency”!
