The Top Five Companies That Accept Bitcoin

Bitcoin is a digital currency increasing in popularity over the past few years. Many people wonder if it is possible to use Bitcoin to purchase items online, and the answer is yes. Many companies accept Bitcoin as payment for products and services. This blog post will discuss the top five companies that accept Bitcoin.

Let's take a look at these companies.

Microsoft

Microsoft's main goal is to provide computer software and services that will advance the productivity of other businesses. In addition, they are interested in investing in internet technology companies that could become significant to Microsoft's line of business in the future. They are also one of the world's most valuable companies, with a market cap of $314 billion. Finally, they're partnered with BitPay to allow bitcoin purchases through certain accounts.

Their reasoning behind this partnership was their belief that people should pay for things online without knowing how it works or worrying about security issues. As a beginner, my suggestion for you would be to trade on the best exchange platform, Bitcoin Up.

Starbucks

There has been a lot of talk about people using Bitcoin to buy coffee at Starbucks; however, you can't do that yet. Or can you? A few months ago, Starbucks announced its interest in blockchain technology and the possibility of accepting digital currencies in the future. One cryptocurrency, PotCoin, even went so far as to create a 'promotional' coin where every purchase of their coin with Bitcoin gets you 50% off your coffee at Starbucks.

Paypal

"The reason behind PayPal's success is its ease of use. People don't want to jump through hoops in order to send and receive money," says Hill Ferguson, PayPal's chief product officer. "We've removed a lot of the friction involved in receiving or sending payments. In the same way, paying with Bitcoin is a simple and elegant experience that doesn't require a lot of advanced planning or anxiety. It's the early stages for Bitcoin, but we don't expect it to go away."

Overstock

Overstock is the first major retailer to accept bitcoin, and they have paid $124k in bitcoins so far. They started accepting bitcoins on January 9th 2014, and their stock even went up by about 10% once they announced that they would be accepting bitcoin as a payment method.

Dell

Dell is one of the largest computer companies to start accepting bitcoins as a form of payment. You can purchase everything from laptops to servers using your bitcoins at Dell.com. Their post announcing their acceptance of Bitcoin said this about their decision to take bitcoin, "Bitcoin offers customers another new way to purchase products at Dell.com, through our affiliated seller Coinbase". The company has only processed transactions worth roughly $50,000worth of bitcoins.

The Bottom Line

Bitcoin has been a powerful tool for investors and has created a multibillion-dollar industry. The popularity of cryptocurrency has made it difficult to use without understanding how it works. While many big-name companies offer limited support for Bitcoin, others accept cryptocurrencies as a means of payment from their customers.