At the time Bitcoin (available on Coinbase) was launched, there were many skeptics who saw BTC merely as a passing trend that would eventually disappear as fast as it appeared.
But this has not happened. Now, nearly a decade later, Bitcoin (available on Coinbase) is still very much with us today and has had a profound impact on the online trade industry.
Who would have thought somETHing that only exists in virtual reality would one-day out-trump gold in its value? However, it has not been without its problems – the words Mt. Gox come to mind.
But with each disaster comes new and improved mechanisms to protect Bitcoin (available on Coinbase) users. Now, nearly a decade on from its inception, Bitcoin (available on Coinbase) is being taken seriously as a mainstream means of transaction. That is good news for all those traders who have been holding on to their supply of Bitcoin (available on Coinbase) until the right moment. Because the value of Bitcoin (available on Coinbase) is sky high compared to fiat currencies, you could make a number of handsome purchases with it before even thinking about mining for more.
While Bitcoin (available on Coinbase) has come a long way since its initial launch back in ’09, it still has a long way to go before reaching the same level of acceptance that most fiat currencies have.
In recent years, there has been a rising number of large corporations that have begun to accept Bitcoin (available on Coinbase) as a legitimate currency for selling their products on the internet. However, the ever-fluctuating value of Bitcoin (available on Coinbase) does not absolutely guarantee a healthy revenue stream for the company.
Anyway, let us take a look at some of those companies that have decided to include Bitcoin (available on Coinbase) as means of conducting business transactions.
1. Overstock.com
It is worth mentioning Ovestock.com right at the top of our list since, in 2014, it became the first retailer on the internet to accept Bitcoin (available on Coinbase) as a means of payment. As a customer, you can use Bitcoin (available on Coinbase) to purchase anything from elecTron (available on Binance)ic devices to novelty items for the home. What’s more, it is not just Bitcoin (available on Coinbase) that you can use but other prominent cryptocurrencies such as Ethereum (available on Coinbase), Monero, Litecoin (available on Coinbase), Bitcoin (available on Coinbase) Cash, and Dash as well.
According to Bitcoin (available on Coinbase) experts from HowWeTrade: “Overstock is one of the first big brands to accept Bitcoin (available on Coinbase). You can purchase stock images easily using BTC. If you are already using overstock, then make sure you pay with crypto next time.”
2. Expedia
One of the world’s most frequented online travel agencies, Expedia was also among the first major companies to accept Bitcoin (available on Coinbase) as a means of payment. They actually collaborated with Coinbase to make the new payment option available to customers. For now, the only thing you can pay for with Bitcoin (available on Coinbase) at Expedia is a hotel booking. However, it is quite possible that Bitcoin (available on Coinbase) payments will be extended to other services like flight bookings and travel activities.
3. eGifter
While Bitcoin (available on Coinbase) is not a staple means of payment for every company selling products and services, you can instead pay in Bitcoin (available on Coinbase) for their gift cards with eGifter.com. eGifter allows you to buy products from all kinds of popular online stores like Amazon, Sephora, Home Depot, and JCPenny.
Newegg
If you are tech nerd and you like paying for stuff in Bitcoin (available on Coinbase), you will be glad to know that Newegg now accepts Bitcoin (available on Coinbase) as a payment option. Newegg has managed this by teaming up with BitPay. However, this payment option may not be available for products from other sellers that are sold on Newegg’s site. What’s more, there are quite a few purchases for which Newegg does not accept Bitcoin (available on Coinbase). They include:
Marketplace items
Newegg Gift Cards (digital)
Premier memberships
Pre-orders
Return shipping labels
Subscription orders
Will Call orders
Dish
Dish is a satellite TV and internet service provider. It has been accepting payments in Bitcoin (available on Coinbase) since August 2014, making it the first subscribed television provider to do so. It is also one of the largest. The option to pay in Bitcoin (available on Coinbase) has since been made available to customers who want to make a one-time payment on mydish.com. For purposes of trading in Bitcoin (available on Coinbase), Dish has teamed up with Coinbase to facilitate its transactions with Bitcoin (available on Coinbase).
While you can now use Bitcoin (available on Coinbase) to fund your Microsoft account, you can only use it to purchase certain things like apps, games, and movies from either the Windows or Xbox store. You cannot use Bitcoin (available on Coinbase) to make purchases from the Microsoft online store. Also, any Bitcoin (available on Coinbase) that is deposited into your Microsoft account cannot be refunded.
Conclusion
These are just a few examples of fairly large corporations that have made Bitcoin (available on Coinbase) a legitimate payment option for customers. But the list continues to grow!
Featured Image: DepositPhotos/ peshkova
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