Crypto payments: Philipp Plein, Microsoft, Wikipedia, and AXA insurance

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.

Microsoft

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.

Philipp Plein

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.

Wikipedia

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.

AXA Insurance

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.