When it comes to purchasing a product with cryptocurrency, customers are able to only do it with a gift card or as a direct transaction. Moreover, almost always, the payment is processed by a third-party cryptocurrency payment processor. When shopping with more well-known brands, typically a gift card will be used, for that seems to be the best option for companies just starting out with accepting cryptocurrency payments. However, it is not that the gift card option is the most widely available, but rather that the most common areas to shop – Amazon, Walmart, and so on – only accept gift cards. Nevertheless, the amount of options customers have for direct transactions is definitely not lacking, but more searching is still required.
Online Shopping with Crypto
BitPay is a popularly used service for people to buy things with cryptocurrencies. BitPay is a Bitcoin payment service provider that provides Bitcoin payment processing services for merchants. Below is a list of companies that are connected with BitPay. These companies give you a simple overview of the types of places that accept cryptocurrency payments in some form. However, the ones listed here are the companies that (only) accept gift cards purchased with a cryptocurrency like Bitcoin.
|Uber||Barnes & Noble||Bonefish Grill|
|Delta||Bass Pro Shops||Burger King|
|Airbnb||GameStop||Chili’s Grill & Bar|
Crypto Payments on YouTube: Donations, Products, & Purchases Through Creators
One of the primary barriers to seeing greater adoption and acceptance of cryptocurrency payments is that large businesses are unable or unwilling to update their payment infrastructures. Thus, it is shaping up to be a grassroots, bottom-up movement. For example, many YouTubers accept Bitcoin and other cryptocurrencies as payments not only for products they sell but also for donations. Really, there’s no shortage of YouTubers that sell products such as merchandise and various types of courses that can be purchased with Bitcoin and/or other cryptocurrencies. These types of individuals are young, tech-savvy, flexible, and open to meeting their customers halfway.
Moreover, cryptocurrencies are also accepted as viable payment options for donations either to the YouTuber channel directly or to charitable programs such as MrBeast’s TeamSeas campaign to remove trash from our planet’s oceans and rivers. These are just two examples, but there are many more.
Pay Your Bills with Bitcoin
AT&T allows customers to pay online bills with Bitcoin through BitPay. Verizon and Sprint, on the other hand, do not accept Bitcoin or any other cryptocurrency at the moment. Currently, most of the major cell phone companies – Apple, Google, Samsung – do not accept Bitcoin or any other cryptocurrency as a viable payment option. However, Apple has indicated they are looking into cryptocurrencies, so there is the possibility that there may be some developments in the crypto space coming down the road. If Apple makes a move into crypto, the rest of the industry will follow.
Sports and Entertainment that Accept Crypto Payments
Sports, gaming, and other entertainment venues have obviously connected themselves with cryptocurrencies and are accepting them as viable payment options. Here is a shortlist that shows how some big names are already involved (and have been for some time):
- Sacramento Kings (NBA) (BitPay)
- Dallas Mavericks (NBA) (BitPay)
- Dish TV (BitPay)
- Twitch (BitPay)
- AMC Theaters
As crypto adoption continues, it would not be surprising to see additional entertainment venues, along with some new players to the industry (especially e-sports), lead the markets in crypto payment adoption.
Pay for your Travel with Crypto
The American website CheapAir allows customers to directly purchase flights with Bitcoin and other cryptocurrencies. Expedia, on the other hand, only allows that for booking hotels. Uber, Airbnb, Hotels.com, and Royal Caribbean all permit customers to use Bitcoin and other cryptocurrencies while using their services. This means that customers have many opportunities to use cryptocurrencies while traveling.
Charity & Nonprofits that Accept Crypto
Bitcoin and other cryptocurrencies can now be used to make donations to charitable organizations such as the American Cancer Society and the American Red Cross (both through BitPay). Other examples are the Ayn Rand Institute, the Mises Institute, and the Against Malaria Foundation (again, all through BitPay).
Many crypto media outlets naturally allow customers to purchase their services (typically in the form of a subscription) in Bitcoin and other cryptocurrencies. Here are some examples:
- Bitcoin Magazine
Honorable Mentions: Companies that Allow Crypto Purchases
These are simply other well-known companies that are beginning to adopt cryptocurrencies in some form or another. Of course, there are more, and if one is interested in finding more information on what brands are allowing cryptocurrency purchases, BitPay and Coinbase Commerce are great resources.
|Overstock (Furniture)||Bed Bath & Beyond||Foot Locker|
|Papa John’s (Dinning)||Burger King||Google Play|
|Amtrak||Champs Sports||Home Depot|
Looking Ahead to 2022
As we have seen, many goods and services can now be purchased with Bitcoin and other cryptocurrencies, ranging from furniture, clothing, food, travel, sports, entertainment, and so much more. All industries, in a sense, have a niche somewhere that accepts Bitcoin and other cryptocurrencies. And now with Amazon interacting with cryptocurrencies, the number of items available has drastically increased. Therefore, as the new year arrives, it will not be a surprise to not only see more companies begin accepting cryptocurrencies as a viable payment option, but more of the big-name companies like Apple do the same.