Cryptocurrency is evolving as a global digital currency ready to revolutionize the way payments are exchanged all around the globe. From Bitcoin & Bitcoin Cash to Ethereum and Ripple, many Cryptocurrencies operate with cryptography to ensure security and facilitate dynamism within the professional sector.
Can one use Bitcoin or Bitcoin Cash to buy a burger? Let’s find out.
This article will talk about Cryptocurrency’s practical daily life use and look at some shopping outlets accepting Bitcoin and Bitcoin Cash as Payment.
Companies that are readily accepting Bitcoin and Bitcoin Cash
Tesla – the luxury car brand owned by Elon Musk, announced in March 2021 that it would open its avenues for Bitcoin as a form of payment. Although the company is currently holding back in this regard, Musk has promised that they are likely to again accept Bitcoin for payments. Considering how heavily invested the company is in Bitcoin, they will surely restart their Bitcoin payment acceptance process at some point.
Etsy – Etsy does not have a personalized platform or collaboration to accept Bitcoin payments. However, it allows independent sellers to accept crypto payments in their individual online storefronts. The seller is entitled to add an “other” method for payment during the buyer checkout. The option for Bitcoin will be visible to customers, and the seller can provide a Bitcoin address for the transaction. To promote Bitcoin and Bitcash as a potential mode of payment, the Etsy community has a dedicated forum of Bitcoin advertising and transaction tutorials for sellers.
AT&T – AT&T is the first prominent mobile carrier in the USA to offer its customers Cryptocurrency as a payment option. To complete the transaction, the customer will have to use BitPay, which will redirect the payment to A&T. However, to avail yourself of the crypto payment choice you will have to make online bookings through the third party platform – Lifes Service Delivery.
KFC – The company serving finger-licking good chicken came up with the “Bitcoin Bucket” concept. This bucket could be purchased for Bitcoin payment, but the offer only ran for a limited time. Like A&T, KFC also used BitPay as their payment gateway and provided home delivery for the bucket.
Subway – This super famous American fast food company became a part of the crypto culture back in 2013 when a customer named Adam Welsh paid for his Subway meal via Bitcoin. From 2013 till date, Subway has transformed the payment process via Bitcoin and made it more user-friendly and convenient.
Overstock – This renowned American online retailer offers big-ticket items at a considerably lower price than other outlets. Overstock partnered with Coinbase to provide Bitcoin as a payment option for all online orders placed by its customers.
Pizza Hut – Owned by Yum Brands, which also operates other fast food giants like Taco Bell, KFC, and The Habit Burger Grill, the company partnered with CryptoBuyer to add crypto payments to their outlets. The Pizza Hut franchise in Venezuela accepts Bitcoin when purchasing a pizza.
CheapAir – CheapAir is an American travel agency that operates online. In the market since 1989, CheapAir has recently started accepting payments in the form of Bitcoin. The company initially used Coinbase as their payment partner but later switched to the BTCPay Server for bitcoin payment processing.
Gyft – Gyft is an online platform that allows users to purchase and send digital gift cards for Amazon, Target, Starbucks, iTunes, GameStop, and Dell. It allows users to pay for these gift cards through Bitcoin without adding extra fees for using Cryptocurrency.
Amazon – The company rules the global e-commerce market. However, it does not have a direct acceptance method for Bitcoin yet. Users who want to shop on Amazon with Bitcoin have to use Purse.io to shop for anything from the amazon website. Purse.io serves as a bridge that connects people ready to use Bitcoin as payments with sellers willing to accept Bitcoin in return for the order placed by the customer.
AMC – The movie theatre franchise holds the most significant share of the Movie Theatre Industry in the USA. AMC’s CEO Adam Aron announced that the company would set up a Bitcoin ATM payment gateway for the customers by the end of 2021.
Burger King – One of the most famous food outlets in the USA, Burger King, is growing exponentially all around the globe. Its strategic and trendy approach towards the market is highlighted in its decision to accept Bitcoin as a mode of payment. German Outlets of the brand accept Bitcoin on their website and mobile app. Burger King Outlets in Venezuela announced their partnership with Cryptobuyer. The platform helps Burger King accept cryptocurrency payments. Burger King customers can now use their Bitcoin, Dash, Litecoin, Tether, and Ethereum to pay for an excellent mouth-watering burger.
So to answer the question we wondered about at the beginning of the article – Yes! You could probably use Bitcoin to buy a burger, and this trend is here to stay.
If you have been concerned about ways to withdraw Bitcoin and avail yourself of a standard currency to pay for common services, you might soon be free from the concern with the evident shift of companies towards Bitcoin and Bitcoin Cash.
According to a survey by HSB from 2020, over 36% of the SMEs based in the USA are accepting Bitcoin. Over 2,300 businesses in the USA and 15,714 enterprises worldwide accept Bitcoin, Bitcoin Cash, and other Cryptocurrency as a mode of payment. With the digital revolution of currency exchange, the number of Bitcoin ATMs is also increasing. Developers and third-party trading and exchange platforms are working to build a more user-friendly crypto environment.
The purpose of creating Cryptocurrency is to provide ease of payments by decentralizing currency. Although the goal meets new benchmarks of success with every passing second, acclaimed companies like Wikipedia, Microsoft, Subway, PayPal, Ledger, and PlayStation Networks have jumped on the train to Crypto land. The approach of these companies towards Cryptocurrency speaks for the upcoming era where one can expect a more crypto-centric setup for both service providers and consumers.