These 9 S&P 500 Companies Will Accept Bitcoin For Payment In 2022

These 9 SP 500 Companies Will Accept Bitcoin For Payment

Over the course of the week, several major news outlets published stories about the basics of cryptocurrencies such as Bitcoin.

One from CBS News claimed, “Crypto isn’t easy to spend.” That may have been true only five years ago, but by 2022, many national retail chains will already be accepting Bitcoin.

Here is a list of nine companies that accept bitcoin for payment today.

Infrastructure for cryptocurrency payments is already there

The following paragraph from the CBS Sunday Morning News article gives the impression that using your bitcoin to buy things that people buy every day is a big hassle:

“For now, you’re going to have a very hard time spending it! Go to a pet store, bodega or hot dog cart and you will find it very difficult to buy anything with a cryptocurrency. One of the few stores that accept bitcoin directly is the PJ Bernstein Deli in New York.”

Most people don’t buy a pet every day or even every year, so that’s okay. And that’s a shame for fans of sidewalk hot dog stalls whose suppliers aren’t using the CashApp yet. (It makes paying with Bitcoin as easy as using Apple Pay or your credit card.)

But some major retail chains and online merchants will accept Bitcoin as early as 2022 (and some of them have been doing so for years — even before the pandemic).

These nine S&P500 companies or subsidiaries — all NASDAQ Composite and Dow Jones blue chips — accept bitcoin for payment from their customers. By collaborating with several fintech partners, they ensure very easy or completely seamless integration at the point of sale.

9 companies that will accept Bitcoin in 2022

Starbucks – Starbucks fans can buy their coffee with bitcoin by loading the cryptocurrency on their Starbucks app – since March 2020. The coffee chain accepts BTC using a platform operated by Bakkt, a custodian and exchange of digital assets developed by the company that owns the New York Stock Exchange, in partnership with— Starbucks and Microsoft from 2018.

Microsoft – Speaking of Microsoft: The software giant Redmond, Washington also accepts bitcoin for payment for Xbox live, other Microsoft games, Windows apps and other digital extras. It did so since 2014

Whole Foods (Amazon, Inc.) – Whole foods started to accept cryptocurrency for groceries in 2019. That came to fruition in 2019 at the same time that Crate and Barrel and Nordstrom started accepting crypto, all thanks to the work of payment startup Flexa in partnership with Winklevoss-led crypto exchange Gemini.

AT&T – Telecom company AT&T, a major mobile network provider and provider of cable television and high-speed internet, started accepting BTC in 2019 for payments in partnership with BitPay

overstock – In 2014, Overstock.com became the The world’s first major retailer to accept bitcoin shocks the world by announcing that it would gladly accept imaginary internet money that only had value in the minds of online tech geeks — and ship very real, high-quality consumer electronics and home furnishings straight to shoppers. . doors.

DIY store – From 2019, Home Depot started to accept bitcoin for payments, powered by Flexa. A homebuilder could essentially purchase all the materials and tools needed to build a home from the Dow Jones blue-chip company using cryptocurrency.

paypal – In April 2021, early fintech payment innovator PayPal started offering support for its various merchants to accept bitcoin for payment at checkout with paypal button.

twitch – Fans of Twitch streams can donate to support streamers with bitcoin, ether (ETH), litecoin (LTC) and bitcoin cash (BCH). some streamers are making more money on Twitch from just cryptocurrency donations than the average high-earning lawyers and doctors.

Etsy – Blue chip online merchant company Etsy offers integrations that make it easy for online merchants who operate their own independent stores to accept bitcoin for payments.

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