These 9 S&P 500 Companies Will Accept Bitcoin in 2022Kiana Griffin
While traditional media continue to insist that cryptocurrencies are hard to spend, many well-known companies are already accepting them as a means of payment.
Within a week, several major news outlets published articles covering the fundamentals of cryptocurrencies such as Bitcoin. One CBS news item said: “Cryptocurrency is not easy to spend.” This might have been true just five years ago, but in 2022, many national chain stores are already accepting bitcoin.
Here is a list of nine companies that accept bitcoin today.
Cryptocurrency Payments Infrastructure Is Here
The following paragraph from a CBS Sunday Morning News article gives the impression that using bitcoin to buy things people buy every day is a big problem:
“At this point, it will be very difficult for you to spend them! Walk into a pet store, a wine cellar, or walk up to a hot dog cart and it will be very difficult for you to buy something with cryptocurrencies. One of the few stores that accept bitcoin directly is PJ Bernstein Deli in New York.”
Most people don’t buy pets every day or even every year, so there’s nothing to worry about. It’s a pity for the fans of street hot dog stalls whose sellers don’t use CashApp yet. (This makes paying with Bitcoin as easy as using Apple Pay or your credit card)
But some major chain retailers 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 — all blue-chip NASDAQ Composite and Dow Jones — accept bitcoin as payment from their customers. Working with various fintech partners, they provide very simple or completely seamless integration at the point of sale.
9 Companies That Will Accept Bitcoin in 2022
Starbucks. Starbucks fans can buy a cup of coffee with bitcoin by uploading the cryptocurrency to their Starbucks app – from March 2020. The coffee chain accepts BTC through a platform operated by Bakkt, a digital asset custodian and exchange developed by the company that owns the New York Stock Exchange in partnership with Starbucks and Microsoft, since 2018.
Microsoft. The Redmond, Washington-based software giant also accepts bitcoin to pay for Xbox Live, other Microsoft games, Windows apps, and other digital add-ons. They have been doing this since 2014.
Whole Foods (Amazon, Inc.) started accepting cryptocurrencies to pay for groceries in 2019. It happened in 2019 when Crate and Barrel and Nordstrom started accepting crypto, thanks to the work of payments startup Flexa in partnership with Winklevoss-led crypto exchange Gemini.
Telecommunications company AT&T, a major mobile operator and provider of cable TV and high-speed Internet, began accepting BTC for payments in 2019 in partnership with BitPay.
Overstock. In 2014, Overstock.com became the world’s first major retail chain to accept bitcoin, shocking the world with an announcement that it would happily accept imaginary internet money that only has value in the minds of online techies and ship very real, high-quality consumer electronics. and home furnishings straight to customers’ doors.
home depot. Starting in 2019, Home Depot began accepting bitcoin payments on the Flexa platform. A home builder can buy almost all the materials and tools needed to build a home from a Dow Jones blue-chip company using cryptocurrency.
PayPal. In April 2021, PayPal, one of the first innovators in fintech payments, began offering support to various merchants to accept Bitcoin for payment when paying with the PayPal button.
Twitch. Twitch streamers can donate to streamers using Bitcoin, Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). Some streamers make more money on Twitch from cryptocurrency donations alone than the average high-paid lawyers and doctors.
Etsy. Blue-chip online retailer Etsy offers an integration that allows online merchants who operate their own independent stores to accept bitcoin for payment.