Gone are those days when multinational companies refused to accept digital currency due to extreme volatility. There's a big role of the COVID-19 pandemic in bringing digital currency into the mainstream business functions. The global market has already experienced enough potential in cryptocurrency; hence they have started accepting the popular cryptocurrencies as a payment mode. From airlines to big IT companies, many businesses are now accepting cryptocurrencies as an official payment option for buying their products and services. Most multinationals prevent adopting crypto due to several factors, including transaction fees, environmental issues, uncertainty, etc. According to the experts, more business and retail stores will start accepting crypto in the coming years and it will make these digital assets stable and reliable.
Here is a list of a few well-known businesses that accept and use multiple cryptos.
Pavilion Hotels and Resorts
The latest company that considers crypto payments is Pavilion Hotels and Resorts. Based in Hong Kong, this international hotel business embraces around 40 digital tokens to accept bookings. It was expanded in Madrid, Amsterdam, Rome, and Lisbon – this premium range hotel group partners with a payment platform named Condirect to receive payments via Ethereum, Bitcoin, and others.
Through the payment app named Bakkt, customers can use cryptocurrencies to sip into their favorite coffee from Starbucks. Till now, 500,000 Starbuck customers have accepted the invitation for easy access to this digital wallet to make payment.
Since 2013, CheapAir.com has validated payments through a wide range of crypto coins. Whether you want to book hotels or flight tickets, you can use various stablecoins and virtual currencies like Ethereum, Dogecoin, Bitcoin, USDC, and GUSD to complete you bookings. Numerous traders pick up a popular trading app to make crypto trading most secure and also to invest in oil. You can also invest your funds on crypto currencies to get a huge profit.
These giant drinks distributor has embraced crypto payments to make payments for buying drinks. This world-famous beverage company has already installed more than 2000 vending machines in New Zealand and Australia that accept cryptocurrencies through the payment platform Centrapay.
Expedia Group, one of the prominent American travel companies, has partnered with a digital customer-friendly platform called Travala to allow customers to book more than 700,000 hotels through different crypto payments.
The eminent auction house Sotheby’s announced accepting Crypto payments for buying the valuable assets. As security is the top concern, there are some valid restrictions of making payments through approved digital wallets named Coinbase. Last July, an exquisite 101-carat diamond was sold through Bitcoin at one of the auctions arranged by Sotheby’s.
Suppose you search the online website of Shopify. In that case, you will notice that the global e-commerce company has listed four payment platforms, including BitPay, CoinPaymnets, Coincase, and GoCoin, to accept various digital currencies. So, you can use Bitcoin, Litecoin, and Ethereum to make a purchase on Shopify.
AMC Theatres, the largest movie theatre chain in the US, has started accepting Bitcoin like other major business houses for buying tickets online.
An online travel business allows customers to pay for paying hotel accommodation through crypto payments. This travel company has partnered with crypto platforms named Crypto.com and Binance Pay to accept various virtual currencies named Bitcoin, Cardano, Dogecoin, Ethereum, and others. The company has also developed its cryptocurrency named AVA, which has doubled its value quickly.
Made public in 2019, this mobile carrier company accepts crypto payments through a third-party platform named BitPay. To use multiple cryptocurrencies, including Bitcoin, customers have to choose BitPay to place orders.
This British cosmetic retail house was one of the first international companies that adapted cryptocurrencies as a legalized payment mode. Since 2017, this handmade cosmetics business has allowed crypto payments through Bitpay.com for online buying of its products.
This is an online company that deals with electronics and computer hardware items. It is one of the first companies to start accepting Bitcoin payments to buy its goods.
Experience a wide acceptance of Crypto payment
With each passing year, the world has seen wide acceptance of Bitcoin payment by major business houses. Many companies have been reluctant to use crypto payments for their uncertainty. Although looking at the big brands, you can understand that they have taken the right path to becoming an indispensable part of the digital currency market.