Global Businesses That are Putting Cryptocurrencies Into Good Use
After launching in 2013, Bitcoin (BTC) was hailed as a revolutionary payment method: giving users the ability to move funds flexibly without the necessity of any banks. As a result, those without a bank account might perhaps quit using cash as a sole financing method and not have to depend on having a stack available for when they need it.
Since then, a lot has unfolded. It is estimated that around 15,000 altcoins exist, aside from the really big ones like Bitcoin (BTC), Cardano (ADA), Ethereum (ETH), Bitcoin Cash (BCH), and more - and to cater for this, one can find over 400 global crypto exchange platforms where they may be bought and sold.
Cryptocurrencies are now owned by 14% of the adult population in the US, and many others are considering purchasing some and dipping their toes in the cryptocurrency world in the near future. In addition, El Salvador has authorised Bitcoin as a form of currency or legal tender, which means it can be utilised throughout the whole country.
Nevertheless, a number of reasons, such as worries about the environment, instability, and trading fees (or gas fees), have limited the growth of cryptos as a method of exchange. Several prominent firms, like the following, do in fact allow cryptocurrencies as a means to pay for their products or services.
Online casinos
The online gambling industry is one of the most lucrative businesses on the internet. These companies are always first in line to utilise all new revolutionary technological advancements to offer their clients the most reassuring and safe environment possible to deposit their hard earned money to play casino games online and possibly win something back through their wagers. One can learn more about casinos that accept bitcoin at InsideBitcoins, where one can find all the information necessary for secure and fair play and even compare the options through extensively researched lists & articles.
Payment Establishments
Many banks and payment transfer companies are adding cryptocurrencies to their arrays of supported payment methods as there is a clear rise in the use of them all around the world. For example, Paypal, one of the world’s biggest safe-worldwide-transaction agencies is now accepting payments through numerous cryptos, such as Litecoin (LTC), Bitcoin Cash (BCH), Ethereum (ETH), and of course, Bitcoin (BTC), and many more. This has led to an upsurge of users for the companies, as well as an all new level of security thanks to blockchain technologies implemented from the crypto market.
Major Food Companies
Crypto has even made its way into the food and drinks industry as many catering companies and fast food joints such as Pizza Hut, Burger King, KFC, Subway, Starbucks, and more, are all dipping their toes into the crypto transaction market. This is in response to the sanctions put in numerous countries, which led to a surge in cryptocurrency use. Although this is a small step, it might be a harbinger of things to come in the future.