Since 2009 when Bitcoin was first made public, some of the biggest companies in the world have implemented it into their platforms, formed partnerships with crypto companies and accepted it as payment. We look at eight of the biggest companies in the world who have worked with Bitcoin.
Overstock is an American internet retailer that was founded in 1997 and is now a publicly traded company with a market cap of 453M USD. Overstock initially sold exclusively surplus and returned merchandise on an online e-commerce marketplace at below-wholesale prices. The company continues to sell home decor, furniture, bedding, and many other goods that are closeout merchandise, however, it also sells new merchandise too.
It’s founder, Patrick Byrne is a huge Bitcoin advocate and currently, Overstock accepts Bitcoin for all products on its site.
It started with one store in Allentown, Pennsylvania who decided to start accepting Bitcoin. The shop owner still had to convert Bitcoin to cash to pay the store’s bills, but it became a way to show acceptance for the cryptocurrency. So if you’ve got some Bitcoin to spare, you may be able to buy a sandwich for a fraction of a Bitcoin.
Just be sure to check with your local Subway as very few Subways accept Bitcoin as generally, it’s a decision made by franchise owners, not the higher-ups.
As of January 2018, PayPal now allows all its merchants to accept Bitcoin. The news was “shared” via a filing recently submitted to the Securities and Exchange Commission.
The document states that a merchant using PayPal can “integrate with Braintree to begin accepting payments with credit or debit cards, PayPal, Venmo, digital currencies such as Bitcoin, or other payment solutions with a single integration.”
Microsoft first added bitcoin payment option for digital products in 2014, allowing U.S. customers to use the digital currency to purchase content like apps, games and videos from its Windows, Windows Phone and Xbox platforms.
Shopify, the online e-commerce solution to sell your goods, started accepting bitcoin as payment in August 2018.
With the help of Bitpay, Shopify store owners can integrate Bitcoin payments directly into their online store. There are over 500,000 active stores on Shopify, all who have the ability to accept BTC!
In 2014, the Wikimedia Foundation which owns Wikipedia announced on their blog that they now accept Bitcoin donations. Wikimedia cited grassroots community support for the integration, saying that demand for bitcoin support led to discussions on the leadership level.
Wikimedia Chief Revenue Officer Lisa Gruwell wrote:
“Currently, we accept 13 different payment methods enabling donations from nearly every country in the world, and today, we’re adding one more: Bitcoin.”
Mint.com, one of the largest personal finance with millions of users announced in early 2014 that they had struck a deal with Coinbase enabling users who own bitcoin to add the cryptocurrency to their dashboard and track the value of their holdings, just like any other investment. Mint.com was sold to Intuit for $170,000,000 USD in 2009.
In May of 2015, Lionsgate, the production studio behind titles such as The Hunger Games and Divergent, has entered into a partnership with digital currency payments processor GoCoin. First announced by GoCoin CEO Steve Beauregard at Inside Bitcoins New York, the deal was confirmed by Lionsgate senior vice president Peter Wilkes.’
Wilkes suggested that Lionsgate is working to integrate digital currency payments into the company’s online store, and at “several upcoming branded events”.
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