Would you like to pay your bill with Bitcoin? Cryptocurrencies often make the headlines these days.
It is becoming increasingly mainstream to buy and sell cryptos. However, the opportunities to spend virtual currencies are definitely more limited. There are a growing number of companies – from big tech to airlines – who are allowing customers to use them as an official method of payment for their goods and services. Here are some of the biggest companies using cryptos.
Pavilion Hotels & Resorts
This is one of the latest companies to permit crypto transactions. The Hong Kong-based Pavilion Hotels & Resorts group has just become the first international hotel chain to accept virtual currency payments.
Pavilion Hotels & Resorts owns properties in Amsterdam, Madrid, Lisbon, and Rome as well as Bali and Phuket. They will accept bookings using 40 different tokens, including Bitcoin and Ethereum from July 2021.
As of April 20211, the well-known insurance broker will allow their customers in Switzerland to use Bitcoin as a payment option. This decision has been in the pipeline since market research conducted by the company in 2019 found that nearly a third of respondents aged 18 to 55 had either already invested in cryptos or were interested in doing so.
Being one of the largest software companies on the planet, it is significant that Microsoft accepts Bitcoin payments. This decision is going some way to instill a degree of confidence in using cryptos. Customers can redeem their crytpos for credit in topping up user accounts. Bitcoin can be used to pay services such as Xbox Live and Skype, among others.
Microsoft has also launched ION, a two-layered authentication platform on the Bitcoin network in late March which creates digital IDs to authenticate online identities (instead of payments).
Starbucks customers can now use the new Bakkt app to pay for favourite items at their local coffee shop.
Earlier this year, it was reported that Amazon was joining the ranks of other tech giants in laying the groundwork for its own exclusive cryptocurrency. Currently, the e-commerce company doesn’t directly accept cryptos just yet. However, it is possible to buy Amazon vouchers through the crypto-only company Bitrefill.
After an announcement made in October 2020, PayPal users can now buy, sell or hold a select few cryptos, including Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. Users will also be able to track cryptocurrencies through the PayPal app. Money can’t be transferred out of the company’s digital wallet though which is a drawback.
This Latvian airline became the first aviation company in the world to accept Bitcoin as payment for fares back in 2014. Since then, it has processed more than 1,000 Bitcoin transactions since it launched the payment option.
LOT Polish Airlines
Following in the footsteps of airBaltic, LOT Polish Airlines announced in 2015 that it would also accept Bitcoin as a payment option for flights. LOT still is one of the only European airlines to allow cryptocurrency as a payment option.
Expedia is one of the most prominent travel agencies to accept Bitcoin through its partnership with crypto-friendly booking platform Travala. Customers can now book hotels from the website’s listings with more than 30 different cryptos, including Bitcoin.
Lush was one of the first global companies to the use of cryptocurrencies, starting in 2017. At the time, the handmade cosmetics company started to allow Bitcoin payments for orders on its website through a partnership with Bitpay.com.