As Cryptocurrencies gain momentum around the world, an increasing number of companies are beginning to offer the revolutionary concept as a valid payment method.
Over the last number of years, cryptocurrencies have begun to garner interest as an alternative mode of payment to fiat currency. This has proven to be the case for both multinationals and individuals globally.
However, it hasn’t always been that way. Suggesting that cryptocurrencies could be used to pay for day-to-day transactions a mere couple of years ago would have simply been a laughable notion. How times have changed!
There’s a couple of main factors that have influenced this shift in perspective. One being the COVID-19 pandemic. Over the past year in particular, the world markets began to see potential in the new digital currency, with corporations seeing it as a credible means for payment.
With crypto usage on the rise, let’s explore some of the bigger players that have put their faith in the future of cryptocurrency and opted to allow the digital phenomenon on their sites.
There’s no surprise that one of the world’s most successful tech companies opted to accept cryptocurrencies as a method to top up Microsoft accounts.
Currently, they accept Bitcoin, however, we suspect they’ll broaden this to a number of cryptocurrencies in the coming years. As far back as 2014, Microsoft also enabled crypto payments for Xbox and Windows online stores. As one of the largest software companies on the market, it truly is significant in the crypto sphere, with other companies likely to follow suit.
Online Fashion Luxury E-Shop, Philipp Plein, named after the well-known German fashion designer and businessman, is a leading force in luxury online retail. Plein.com not only accepts cryptocurrency as a valid payment method but strongly encourages it. There’s a dedicated ‘Crypto’ option on the website’s homepage outlining their approach, as well as moving banners displaying a 10% discount upon payment with cryptocurrency. Plein.com accepts payments in 15 different cryptocurrencies, including Bitcoin, Bitcoin Cash, BNB Mainnet, Bitcoin SV, Dogecoin, and Ethereum.
Consumers of the free online encyclopedia can make donations using Bitcoin according to an announcement made in 2014 by the Wikimedia Foundation. As one of the most frequently visited websites on the internet, it’s certainly exciting to see Wikipedia leading the way in cryptocurrency adoption.
As recently as April 2021, leading insurance broker, AXA Insurance, announced they would be accepting Bitcoin as a payment method for customers to settle their bills. The decision to embrace cryptocurrencies came about as a result of extensive market research which led to findings that nearly a third of respondents between the ages of 18 and 55 had either already invested in cryptocurrencies, or were keen to do so.
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Many more companies have welcomed cryptocurrencies with open arms and here at SamePay, we’ll be exploring them in more detail on a monthly basis to show just how popular crypto has become and continues to become.
At SamePay, we’re focused on simplifying e-commerce crypto payments and soon transactions will be much easier, thanks to the SamePay app.
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