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Topic: Big Merchants Now Accepting Bitcoin (Read 12003 times)

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December 25, 2020, 10:04:37 AM
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brand new
Activity: 0
Merit: 0
December 24, 2020, 02:52:36 PM
This is perfect news as we can see bitcoin is being recognized by almost every vendor in developed countries,
time is not that far when almost everyone will be so much familiar with the bitcoin currency and will use it same as one they
use their currency now on a daily basis.
sr. member
Activity: 898
Merit: 284
December 24, 2020, 04:11:07 PM





There are now many merchants big, small and those in between which are now accepting Bitcoin and other cryptocurrencies in their business. With the help of third-party applications, they are able to integrate Bitcoin option with their infrastructure. Here are some in the list as provided by payments startup Flexa:

Barnes & Noble, Baskin Robbins, Bed Bath & Beyond, Caribou Coffee, Crate & Barrel, Express, GameStop, Jamba Juice, Lowe’s, Nordstrom, Office Depot & OfficeMax, Petco, Regal Cinemas, Ulta Beauty and Amazon-owned Whole Foods Market and of course Starbucks

Source is here.

The names are the who's who in their respective industries. Now, we are all hoping that soon more and more big names will be coming on board so as to boost Bitcoin and the rest of the cryptocurrency club. I know that we are still far cry from mainstream adoption but we can get there one merchant at a time. Soon if this whole thing can be sailing smoothly, there can be an avalanche of support from the business community.
These are certainly big merchants but they do not have mass reach.
We need ebay, Amazon and other merchants that are well known to general public to accept Bitcoin.
Once that happens, BTC will be adopted by mass.
jr. member
Activity: 154
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December 24, 2020, 02:37:53 PM
Try to buy a cup of coffee in Starbucks for 0.0001 btc and left some tips!
full member
Activity: 640
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December 23, 2020, 04:16:47 PM
This is a great news finally Bitcoin being recognize by big merchants.
Maybe we aren't too far from using Bitcoin on almost everything .
Maybe soon we could easily use it like Fiat to pay up for everything.
I also see Bitcoin has been accepted as a means of payment in various places, at this time we only need a faster delivery process so that at the time of the transaction we don't have to wait long.  I see the development of bitcoin that is very fast, hopefully the problem in the process of sending bitcoin can be fixed in the near future so that bitcoin users can transact easily.
member
Activity: 176
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December 22, 2020, 12:25:16 PM
I have seen the article here yesterday. This is enormous information for digital money since this could prompt mass mindfulness and variation. Great to realize that digital currency is some way or another being perceived by certain organizations as a choice to money or plastic cash. How about we trust this will be a beginning for certain organizations and dealers to acknowledge cryptographic money as an installment strategy.
full member
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Omicron is another FUD
December 21, 2020, 01:31:43 PM
We can hope that in the future there will be lots of merchants who can accept bitcoin for their transaction system. because this makes it easier to use bitcoin. so I think it's just waiting for the right time to get bitcoin to penetrate all merchants in the world
this is an old hope (since I first got to know Bitcoin).  Bitcoin is a cryptocurrency that is very high value and has extraordinary price volatility, online business people do not want to accept payments via Bitcoin, it's just that some state governments have given prohibited rules to use Bitcoin as a means of payment if there is no such prohibition we've seen all online shops (merchants in the world) accept Bitcoin payments..
full member
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December 21, 2020, 01:19:16 PM
That's a good one coming in from these big names and hope this add to the development of the technology sooner than later. Could the recent price be traced to this positive news form this angles? these are good news toward adoption of cryptocurrency. Bitcoin has been the favorite in this case and we hope to see other cryptocurrency getting involve.

Bitcoin is really doing great these past few months as we have seen its potential to make another ATH and grow its adoption in the market.

Its community is also growing so fast when this pandemic occurred and we can't deny that many people are relying on bitcoin during this crisis. We are still lucky because bitcoin's adoption is reaching those high profile companies or big companies so it will also be a good sign that many customers will invest on it.
hero member
Activity: 1288
Merit: 504
December 21, 2020, 10:34:07 AM
It's a good development to have marchants who have integrated bitcoin or cryptocurrency in there payment system. It would be of advantage for them especially with the fact that, stock coins can increase in value with time hence, they tend to profit even more than the actual pay rate as at the time of transacting. So, it's an added advantage to marchants and crypto enthusiast have got the assurance that, they are never out of spendable currency at every point in time so long as they have the third party app. This in a way helps the world in going cashless as always wished for though, fiat is still very vital to the stability of the economy as the mempool would be so congested.
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December 21, 2020, 08:53:27 AM

There are now many merchants big, small and those in between which are now accepting Bitcoin and other cryptocurrencies in their business. With the help of third-party applications, they are able to integrate Bitcoin option with their infrastructure. Here are some in the list as provided by payments startup Flexa:

Barnes & Noble, Baskin Robbins, Bed Bath & Beyond, Caribou Coffee, Crate & Barrel, Express, GameStop, Jamba Juice, Lowe’s, Nordstrom, Office Depot & OfficeMax, Petco, Regal Cinemas, Ulta Beauty and Amazon-owned Whole Foods Market and of course Starbucks

Source is here.


The advancement of the businesses of these different establishments must really be complimented since they really took the necessary step to advance their business which is to study another versatile way to receive payments. Creating a scene like this is not easy but its surely an easy way to let other businesses follow them. It will surely be another way for people to think on how can they earn Cryptocurrency or even Bitcoin so that they can use it for payments.
full member
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December 21, 2020, 07:23:54 AM
What the Bitcoin community hopes is that many big merchants are starting to accept Bitcoin, so Bitcoin becomes more useful.
And it can act as a currency, I hope that with Paypal accepting Bitcoin, merchants who work with Paypal accept Bitcoin too.
If that could come true I'm sure a lot of people are starting to choose to do transactions with Bitcoin over fiat. Moreover, merchants
such as Amazon, Ebay, Rakuten, Aliexpress and Alibaba can accept Bitcoin, and surely there will be more and more  countries
that legalize Bitcoin.
full member
Activity: 936
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December 21, 2020, 03:11:53 AM
We can hope that in the future there will be lots of merchants who can accept bitcoin for their transaction system. because this makes it easier to use bitcoin. so I think it's just waiting for the right time to get bitcoin to penetrate all merchants in the world
sr. member
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Cashback 15%
December 21, 2020, 01:43:52 AM
Bitcoin is still in a process and continues to grow as time passes, there are so many companies that are getting interested in Bitcoin because everyone seeing the potential of this technology.

Because of the volatile market bitcoin is not a good choice in my opinion for spending so I guess that's why there are only a few stores that accept bitcoin.

It would obviously be a risk for a business accepting bitcoin unless it's a big company that is willing to invest in bitcoin at the same time.
legendary
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December 21, 2020, 12:22:07 AM
They will accepting bitcoin now because it is trends and the price is very high and once a business accepts bitcoin for sure they get more clients also who use bitcoin maybe they will become their customer.
I am not sure if I will agree with your explanation, I believe merchants would only accept bitcoin if bitcoin is not anymore this volatile, they are into business and they consider bitcoin as a mode of payment only, with this volatility, it's very risky for their business if they don't know how to handle the risk.

They can use a payment processor such as BitPay, which will immediately convert Bitcoin to fiat currency. The merchants don't have to worry about the exchange rate, as they are getting payment in fiat currency, and not in Bitcoin. But for direct payments with Bitcoin, this risk is always there. And in case the transaction gets stuck for considerable amount of time, this situation can get very ugly.
copper member
Activity: 1988
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December 20, 2020, 11:07:30 PM
well i just saw the bitcoin ads in london and now big merchant accepting bitcoin after paypal joined the party this will gonna hype maybe after price correction bitcoin still rose about 50K per 1 bitcoin hahha and i saw this url https://99bitcoins.com/bitcoin/who-accepts/
full member
Activity: 322
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December 20, 2020, 09:14:22 PM
Even online stores in my country accepts Bitcoin as form of payment. The application of bitcoin become more and more tangible in daily living. When people start to realize that there are a lot more use the Bitcoin can offer, more companies will start to adapt and use it. Knowing large companies and institution coming in, there will be more company and institutions that are expected to use it. Time will come that all people will be aware of the use of bitcoin and the potential that is in-store in it.
sr. member
Activity: 1036
Merit: 294
December 20, 2020, 08:56:46 PM
They say the big reason why the market is bullish now is because of institutional money getting invested, I think they are correct because we are now seeing a new ATH. The current price is already @21k and still growing.

So probably if the price will become more stable, merchants would enjoy adding bitcoin as it's getting more popular now.

Hopefully this would not result to a big dump, it might disappoint people from investing again, well, if it's true that it's the institutional money getting invested, then we can be confident that it will not dump.
That's what I fear as well, at some point. Sometimes, this kind of huge amount usually leads to big dumps as well. But we cannot say what will happen in the future exactly. The best thing we could do is to prepare for the worst-case scenario so whatever happens, we can be prepared somehow and not be too frustrated.

But this adaption of huge companies is great news for all of us in this community. Hopefully, this will continue as time goes by so that other people will appreciate and use it too for their transactions.
sr. member
Activity: 826
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Bitgesell (BGL) Decentralized Cryptocurrency!
December 20, 2020, 07:59:07 PM
It is very good news for bitcoin and bitcoin users. Nowadays people like to buy anything on online platform  they faced the problem on payment method. We know that some of the frelencer market place allow bitcoin payments. If some international  market  place accepted  bitcoin  and bitcoin add their payment  hope huge of bitcoin user will be increasing as a result  bitcoin  price will be increasing and people can easily you use service from this merchants company. We know that there are a lot company  accepted bitcoin  so we hope that bitcoin will be the best payment  method  in the world
hero member
Activity: 2912
Merit: 674
December 20, 2020, 07:09:17 PM
They will accepting bitcoin now because it is trends and the price is very high and once a business accepts bitcoin for sure they get more clients also who use bitcoin maybe they will become their customer.
I am not sure if I will agree with your explanation, I believe merchants would only accept bitcoin if bitcoin is not anymore this volatile, they are into business and they consider bitcoin as a mode of payment only, with this volatility, it's very risky for their business if they don't know how to handle the risk.
sr. member
Activity: 1624
Merit: 267
December 19, 2020, 08:43:13 AM
They will accepting bitcoin now because it is trends and the price is very high and once a business accepts bitcoin for sure they get more clients also who use bitcoin maybe they will become their customer.

It's better for them to add bitcoin payment to their payment method because it is easy to transact also when the customer avail their products or services they have. Bitcoin now is good choice for every business and I think they realize how bitcoin is important now so they accept it so for those business who ignore bitcoin I hope they accept also soon bitcoin for their payment method.
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