Bitcoin is a digital currency that has been gaining popularity in recent years. It is a decentralized currency that operates on a peer-to-peer network, meaning that no central authority or intermediary is involved in the transactions. Many online shops have started accepting bitcoin as a payment method due to its numerous benefits. In this article, we will explore the online shops that accept bitcoin.
Overstock.com
Overstock.com is an American online retailer that offers a broad range of products, including furniture, home decor, and electronics. The company was one of the first major retailers to accept bitcoin as a payment method in 2014. Overstock.com also accepts other cryptocurrencies like Ethereum, Litecoin, and Bitcoin Cash. The company has a partnership with Coinbase, a popular cryptocurrency exchange, to process bitcoin payments.
Expedia
Expedia is a well-known travel booking website that allows you to book flights, hotels, cars, and vacation packages. The company started accepting bitcoin for hotel bookings in 2014 in partnership with Coinbase. However, the company stopped accepting bitcoin in 2018 due to low demand.
Microsoft
Microsoft is a multinational technology company that offers a wide range of products and services, including software, hardware, and gaming. The company started accepting bitcoin as a payment method in 2014 but stopped accepting it in 2016 due to volatility and low demand. However, Microsoft still allows you to add money to your Microsoft account using bitcoin.
Newegg
Newegg is an online retailer that specializes in computer hardware and electronics. The company started accepting bitcoin as a payment method in 2014 and has since expanded to other cryptocurrencies like Litecoin, Ethereum, and Bitcoin Cash. Newegg has a partnership with BitPay, a popular cryptocurrency payment processor, to process bitcoin payments.
Shopify
Shopify is an e-commerce platform that allows businesses to create online stores and sell their products. The company started accepting bitcoin in 2013 in partnership with BitPay. Shopify also allows you to accept other cryptocurrencies like Ethereum, Litecoin, and Bitcoin Cash through third-party payment processors.
Dell
Dell is a multinational technology company that offers a wide range of products, including laptops, desktops, and servers. The company started accepting bitcoin as a payment method in 2014 in partnership with Coinbase. Dell also allows you to add money to your Dell account using bitcoin.
Conclusion
Bitcoin has become a popular payment method for online shops due to its many benefits, including low transaction fees, fast processing times, and increased security. Overstock.com, Expedia, Microsoft, Newegg, Shopify, and Dell are some of the online shops that accept bitcoin as a payment method. As the popularity of bitcoin continues to grow, we can expect more online shops to start accepting it as a payment method in the future.