Accept Cryptocurrency As Payment: Boost Business Efficiency

Accept Cryptocurrency As Payment: Boost Business Efficiency

Online businesses have tried to develop new and ingenious ways to accept payment from customers more swiftly and efficiently. While digital payments are good, they are certainly not as good as cryptocurrencies. Accept cryptocurrency as payment has become an increasingly popular method, offering faster transactions and greater security.

The rising popularity of cryptocurrencies such as Bitcoin has allowed many businesses to accept crypto as a legitimate form of payment. Businesses with a varied scale of operations, including everyone from large to small companies, accept cryptocurrencies such as Bitcoins as payment.

Therefore, five websites offer different products and services in exchange for Bitcoin.

CoinGate

Coingate is by far one of the most prominent websites that accept Bitcoins as payment, and it has been doing so for a very long time. Users can use Bitcoins to purchase thousands of varied gift cards from some of the most well-known brands such as Steam, eBay, Amazon, Airbnb and many more.

You can use these gift cards to buy products or services from these brands, avoiding the complications of fiat currencies. The purchase process is simple. For example, if you have an Airbnb gift card, go to Airbnb’s website. Choose a product and select Bitcoin as the payment option with the gift card during checkout.

Microsoft

Microsoft has been one of the top-ranking tech companies for many decades now. However, initially, even they were reluctant about accepting cryptocurrency as payment in the form of Bitcoins. But things have changed for good, and currently, even Microsoft accepts payments through Bitcoins, which has helped instil confidence among crypto users.

Microsoft now allows its customers to pay with Bitcoins for availing themselves of many different types of products and services such as Skype, topping up user accounts, Xbox Live, and more. The good news is that the company’s interest in Bitcoins does not end there. It has recently leveraged Blockchain technology to launch a two-layered authentication platform called ION.

Amazon

Many reports this year suggested that Amazon is working on launching its cryptocurrency. However, there is little information available about the project’s progress. Once it becomes a reality, things will likely change for the better.

That said, it is unfortunate that Amazon does not yet accept cryptocurrencies directly. However, you can still purchase Amazon gift cards through platforms like CoinGate. These platforms accept Bitcoin and other cryptocurrencies. With services like CoinGate, you don’t have to worry about how to spend your Bitcoins on products or services.

Expedia

Anyone who loves travelling is likely familiar with Expedia, a long-standing platform offering travel services. Over the years, Expedia has worked hard to improve its website, making it more robust and user-friendly. The company has often succeeded by adopting the latest technologies.

A recent move involved Expedia partnering with Travala, a crypto-friendly travel booking platform. Now, you can book over seventy thousand hotels worldwide using thirty different cryptocurrencies, including Bitcoin. This partnership allows Expedia to accept cryptocurrency as payment for bookings, expanding the use of digital currencies in the travel industry.

Overstock

Many online businesses were initially reluctant about accepting cryptocurrencies as a mode of payment. However, Overstock has certainly earned the title of a risk-taker as it was one of the few websites that began accepting Bitcoins for their products in 2014.

The platform now enables its customers to purchase different products in exchange for Bitcoins. Any customer interested in purchasing their products using Bitcoins could select the currency when paying for the products through the website. Once you send the payment to Overstock, the system will automatically convert the currency into Bitcoin and complete the transaction without any hassle with fiat currencies.

Final Thoughts

These are just a few websites that currently accept cryptocurrency as payment directly or indirectly through platforms such as CoinGate. However, many more businesses are opening up to the idea of accepting cryptocurrencies as payments for their products and services. Hence, how things are currently going, you can expect more websites to accept Bitcoins and other cryptocurrencies as payments.

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