Over the week, several major news outlets ran stories covering the basics of cryptocurrencies like Bitcoin.
One by CBS news claimed, “Crypto is not easy to spend.” That might have been true just five years ago, but in 2022, many national chain stores already accept Bitcoin.
Here is a list of nine companies that accept bitcoin for payment today.
Cryptocurrency Payments Infrastructure is Already Here
The following paragraph from the CBS Sunday Morning News article gives the impression that using your bitcoin to buy things people buy every day is some kind of big hassle:
“For now, you’ll have a really hard time spending it! Go to a pet store, a bodega, or a hot dog cart, and you’ll find it very hard to buy something with a cryptocurrency. One of the few stores that accept bitcoin directly is the P.J. Bernstein Deli in New York.”
Most people don’t buy a pet every day or even every year, so that’s no big deal. And that’s a pity for sidewalk hot dog stand fans whose vendors don’t use the CashApp yet. (It makes paying with Bitcoin as easy as using Apple Pay or your credit card.)
But some major chain retail companies and online merchants accept Bitcoin for payment already in 2022 (and some of them have already been doing so for years now— since before the pandemic even).
These nine S&P500 companies or subsidiaries— all NASDAQ Composite and Dow Jones blue chips— accept bitcoin for payment from their customers. Working with various fintech partners, they provide very simple or completely seamless integration at the point of sale.