Where Can You Spend Your Bitcoins?

With cryptocurrencies starting to see more mainstream acceptance, it makes sense for companies to start accepting Bitcoin and similar currencies in payment for their services. In this post, we will take you through the list of big companies who are willing to accept bitcoin and other cryptocurrencies.

I do need to mention though that the volatility of the market can impact on whether or not companies do continue to accept the currencies. Companies not keen on taking the risk may work through an intermediary like Bitpay to process transactions instead.

The increasing costs of transactions may also affect the more widespread acceptance of these currencies. For example, the fees for processing transactions on the Bitcoin network increased by 1289% between 2015 and 2017.

Take Steam, the online gaming platform, as an example. They decided to stop accepting bitcoins at the end of 2017, because of the charges and volatility of the market.

That said, there are still plenty of companies that do continue to accept cryptocurrency payments. Let’s have a look at who they are.

[vc_row][vc_column][vc_hoverbox image=”1130″ primary_title=”” hover_title=”Expedia”]It didn’t come as much of a surprise that this online travel agency started accepting bitcoins. At the moment, Expedia only accepts these when you are booking hotel accommodation. For flights, you still need to use its standard payment methods.[/vc_hoverbox][vc_zigzag][vc_hoverbox image=”1131″ primary_title=”” hover_title=”Overstock”]This is a large retailer that sells overstocked items online. They work with Coinbase and so you can use bitcoins when making purchases.[/vc_hoverbox][vc_zigzag][vc_hoverbox image=”1132″ primary_title=”” hover_title=”Microsoft”]You can use bitcoins to pay for software in the store and for games and software for your Xbox.[/vc_hoverbox][vc_zigzag][vc_hoverbox image=”1133″ primary_title=”” hover_title=”Virgin Galactic”]Okay, so this is not technically a huge company on its own, but it is part of a large group. It also seems fitting that you can pay for your space travel using this very modern method of payment.[/vc_hoverbox][vc_zigzag][vc_hoverbox image=”1134″ primary_title=”” hover_title=”Save the Children”]If you would like to put your bitcoins to good use, a donation to one of the world’s leading charities is a good way to start.

Save the Children focuses on improving the lot of children in developing countries by ensuring that they get access to quality education and healthcare and by ensuring that their rights are protected.[/vc_hoverbox][vc_zigzag][vc_hoverbox image=”1135″ primary_title=”” hover_title=”eGifter”]Earlier we mentioned that big companies might prefer to deal with an intermediary for online payments because of the volatility in value. eGifter allows you to buy gift cards for your favorite shops such as Amazon.[/vc_hoverbox][vc_zigzag][vc_hoverbox image=”1136″ primary_title=”” hover_title=”OkCupid”]Have you been looking for love in all the wrong places? You can now use bitcoins to pay for services on OKCupid.[/vc_hoverbox][vc_zigzag][vc_hoverbox image=”1137″ primary_title=”” hover_title=”Namecheap”]Namecheap is a company that helps you register your domain name. You can now pay there using bitcoins.[/vc_hoverbox][vc_zigzag][vc_hoverbox image=”1138″ primary_title=”” hover_title=”Tesla”]Feel like buying an electric car? You can do so using your bitcoins now.[/vc_hoverbox][vc_zigzag][vc_hoverbox image=”1139″ primary_title=”” hover_title=”Zynga”]Zynga is another online gaming giant – many of which you see on social media. You can now buy gold or coins for your games using bitcoins.[/vc_hoverbox][/vc_column][/vc_row]

The number or retailers accepting bitcoins have increased dramatically over the past few years making it possible to put your coins to use. Try asking your favorite retailers about their policy about accepting coins, or buy gift vouchers on sites like eGifter.

You never know who might be willing to accept them.

Source : 16best.net