It is not a secret that cryptocurrencies are becoming more and more popular every year. Bitcoin, for example, is the most popular digital currency and its success was one of the reasons crypto made it through our daily lives. With that in mind, it is not a surprise that crypto payments are also becoming part of our daily activities.
As crypto has proved to be a financial innovation, more and more businesses and companies started to accept it. For example, in the US more than 30% of small and mid-sized companies use Bitcoin, and in Japan there are more than 260,000 convenience stores accepting cryptocurrencies as a payment method. Well actually, there are businesses from all over the world, accepting digital currencies as a payment.
Cryptocurrencies and the fashion industry
It is a strong rule that the fashion industry is always on the lookout for anything modern and trendy. With that in mind, it is not a surprise that many fashion companies and enterprises are using cryptocurrencies to reach a broader target market.
Among them are jewelry companies like Real Watches, Etsy, Domoshop and many others, currently accepting cryptocurrencies.
If we have a look at Etsy, it is easy to find vendors accepting crypto as a payment. For them, it is easy to customize their payment methods and for the buyers it is easy to directly send the payment through their digital wallets.
Cryptocurrencies and the e-commerce industry
Well, the e-commerce industry offers a wide range of products and many of them can be bought with cryptocurrencies. As we know, online shopping is flexible and reliable, and paying with digital currencies just makes it even more favorite for many of the users.
Businesses where cryptocurrencies are accepted are Shopify, Overstock, Rakuten and many others.
Overstock for example is in partnership with Coinbase, and users can pay with Bitcoin, as well as with other digital currencies including Ethereum, Monero, Litecoin and Bitcoin Cash.
Cryptocurrencies and the automobile industry
The automobile industry is another industry accepting cryptocurrency as a payment method. Many popular and luxury manufacturers, including Lamborghini and BMW, are welcoming digital currency payments.
Cryptocurrencies and the IT industry
Some of the largest tech companies have also started accepting cryptocurrencies as a payment method. Among them are Microsoft, Breakstore and Ledger.
Actually, for Microsoft, cryptocurrencies aren’t anything new. Since 2014, the company has been accepting crypto payments in its Xbox store.
Cryptocurrencies and the food industry
Cryptocurrency investors and users can also use digital currency to pay for their favorite foods and drinks in companies like Subway, Burger King, KFC, Domino’s pizza and others.
Furthermore, Burger King Outlets in Germany and Venezuela are also accepting cryptocurrency payments for their online delivery. Users can pay with Bitcoin, Dollars, Litecoin, Tether and Ethereum.
Why is paying with crypto becoming so mainstream?
As we already said, cryptocurrencies are becoming more and more popular all over the world. Of course, it is always good for companies to follow the trends and involve popular payment methods, especially when they are supported by banks and vendors.
As we know, crypto transactions fees are extremely low, and at the same time - fast. Of course, for companies, the acceptance of crypto payments can be seen as an investment, since crypto prices are so volatile and there is a possibility for the companies to boost their profits using digital currencies.
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