Are you a Bitcoin enthusiast? Do you prefer to pay in BTC for products and services? Well, you’re not alone and the odds are rapidly turning in your favor. However, if you don’t identify with the above, the chances are that you will by the end of this article.
Probably, we wouldn’t have cryptocurrencies—or, for that matter, blockchain technology—if it wasn’t for Satoshi Nakamoto. By releasing the Bitcoin white paper in 2008, its pseudonymous founder unfurled unprecedented avenues in the world of finance. Over time, the possibilities have diversified manifolds, touching almost every institution and process, both public and private.
Decentralization, censorship-resistance, and users’ autonomy are the greatest outcomes of blockchain-cryptocurrency innovations. Nevertheless, to achieve its fullest potential, the domain requires mainstream adoption, among other factors. After all, for user-centric frameworks to thrive, prolific community participation is necessary.
Overcoming technological shortcomings will definitely play a significant role, but enterprise-level adoption is crucial for mass uptake. Bitcoin, for one, shall truly become a part of our daily lives when small, medium, and large merchants accept payments in BTC. Fortunately, the desired change is already underway, and in fact, is steadily gaining strength. In this article, we discuss some of the most significant platforms where you can pay in bitcoin.
Retail & Organizational Acceptance of Bitcoin (BTC)
We understand, even appreciate, the excitement, but allow us to mention certain ground rules. First, Bitcoin is fully open-source and decentralized, but those accepting BTC-based payments needn’t necessarily be that way. In general, traditional organizations are centralized entities subject to various local and global legalities. Therefore, while interacting with such entities, you need to be aware of existing regulations.
Second, the web-space also has several bad actors—hackers, phishers, and so on—and you need to exercise adequate caution while making BTC transactions. Third, take immense care with the receiver’s wallet address, so as to avoid irretrievable loss of your funds.
Fourth, to keep things streamlined and to accommodate as many names as possible, we adopt a domain-wise approach in this article. Braced with this awareness, let’s proceed.
Naturally, we can’t help but begin with one of the greatest allies and contributors of the global open-source movement. So much so, that today, it’s almost scary to imagine a wiki-less world, especially for researchers across domains and disciplines. Apart from the fact that it’s one of the largest encyclopedic platforms on the web, Wikipedia’s beauty lies in being completely user-supported. Donations are its primary revenue source, for which the platform accepts BTC, payable through BitPay.
The Internet Archive—a digital repository of books, articles, audiobooks, and so on—is another popular open-source platform accepting donations in bitcoin (BTC) and bitcoin cash (BCH), among other cryptos. This non-profit organization is based in San Francisco, striving to ensure a ‘universal access to knowledge.’
Leading torrent website, The Pirate Bay, is another mentionable name in this context. 4Chan, a visual and topic-based bulletin board, seeks community-support through the sale of ‘4Chan Passes’, payable in BTC, BCH, and other cryptos.
Food & Beverage
Flourishing with outlets in multiple locations around the world, Burger King needs no introduction. It is among the first international retailers to accept payments in bitcoin, although with some degree of inconsistency. From 2020, its Venezuelan outlet reportedly has BTC as one of its payment methods.
Following suit, Pizza Hut also accepts BTC in Venezuela and so does Church’s Chicken. Sporadically, certain Subway outlets are also said to accept BTC, but lack of certainty disallows us to harp on this point. In Canada, KFC accepted BTC for a while, suggesting that it might again do so in the future.
Aviation & Airlines
In 2019, Norwegian Air Shuttle announced its motive of accepting payments in BTC, processing the same through the Norwegian Block Exchange (NBX). The airline’s distinguished position as Scandinavia’s largest and Europe’s third-largest in the budget category underscores the significance of this adoption.
Across the world, in America, CheapAir initially partnered with Coinbase to start accepting payments in bitcoin. On account of certain fall-offs, CheapAir customers can still buy tickets using BTC, but BTCPay Server processes these payments and not Coinbase. Virgin Airlines—alongside its sister concern, Virgin Mobile—also has BTC as a payment method.
Technology & Communications
Microsoft, one of the biggest innovators in computer technology, is among the takers of bitcoin. If you are a premium user of Microsoft’s services, you can pay for your account’s subscription using BTC. Following rising demand among users, since 2013, Namecheap—the industry-leading DNS provider—allows the purchase of domain names with bitcoin.
ExpressVPN subscriptions are also payable in BTC, similar to MEGA’s file and cloud hosting services. Among other popular names from this domain, we have the American mobile carrier, AT&T, online computer hardware retailer, NewEgg, and streaming platform, Twitch.
The Miami Dolphin hosts 50/50 raffles, which the team’s supporters can buy using bitcoin. As the name suggests, half of the proceeds from the ticket sales go towards the Miami Dolphins Foundation’s charitable endeavors.
The Dallas Mavericks’ fans, similar to those of The Sacramento Kings, pay for tickets and merchandise in BTC. Both of these NBA giants have partnered with BitPay to facilitate crypto payments. The Portuguese football club, Sport Lisboa e Benfica—or simply, Benfica—also accepts BTC-based payments.
A Glimpse of the Future
Apart from the popular names discussed hitherto, there are hundreds of SMBs around the world that accept BTC. Lumfile, CEX, SimplePay, Intuit, Famsa, Badoo, Stripe, Foodler, Euro Pacific, and The Libertarian Party of America are some of the names in this regard.
Now, it’s obviously not difficult to grasp the scope and expanse that bitcoin’s adoption has already achieved. In general, speed and scalability have been the major complaints against Bitcoin, and thus, a hindrance to its uptake.
Backed by innovations like the Lightning Network, as well as a plethora of robust Bitcoin sidechain ecosystems, these concerns are rapidly taking the back seat. Even as we conclude this article, the digital gold’s value is soaring sky-high, breaking all past records, and when such is the case, can we be anything but enthused?