Payment for goods and services has slowly evolved beyond physical cash to digital payments. The financial sector has also been receptive to cryptocurrency, allowing traders and consumers to transact securely and effortlessly. In today’s world, cryptocurrency payment is made possible via cryptocurrency payment gateways that serve as a medium for customers to buy things online using crypto. This article highlights some of the popular businesses that accept cryptocurrency and also discusses how crypto payment works.
Businesses That Accept Cryptocurrency
The following are some of the mainstream businesses that accept cryptocurrency for their goods or services:
Tech Companies
Many tech companies were some of the first to accept cryptocurrency payments from their customers. Consumers can choose to pay for tech gadgets or their services with any cryptocurrency of their choice. New and upcoming tech startups can integrate PTPShopy payment gateway solutions and seamlessly accept cryptocurrency payments from prospective customers in exchange for products or services.
VPN & Web Hosting Companies
Users can use Bitcoin to buy hosting and dedicated servers on AltusHost and protect their online identity with a VPN with CyberGhost VPN, FrootVPN, and ExpressVPN.
Games & Gaming Console Companies
You can use cryptocurrency to buy your favorite games, consoles, and collectibles with GameStop, Google Play, Microsoft, and Nintendo eShop. Small or medium-scale gaming stores can increase or expand their customer base by offering the option of paying with cryptocurrency.
The PTPShopy payment gateway allows business owners to evade regulatory obstacles imposed by traditional finance organizations and also execute a trade without being restricted by their local currency exchange rates.
Electronics and electrical component companies
With cryptocurrency, you can shop for a PC system and its components at Xbox, the Pi Hut, SCAN UK, and more.
Food and Beverage Companies
Like the tech companies, food and beverage companies now accept cryptocurrencies as payment for food and drinks. Popular companies that accept cryptocurrency are Burger King, Starbucks, Subway, and KFC. Other companies include Cold Stone Creamery, Chipotle, Chili’s, and more.
Local food eateries and restaurants looking to offer cryptocurrency payments to their customers can access PTPShopy versatile payment gateway solutions, which include the online payment solution that can be integrated into the eaterie’s website or QR codes that can be installed in their brick-and-mortar retail stores.
Fuel & Gas Companies
Fill up your vehicle at your nearest gas station and pay with cryptocurrency. Chevron and Texaco allow their customers to purchase gift cards at their approved stations. The Cosmic Market Convenience Store, Circle K, Speedway,
Mobil and Shell are other gas stations that accept cryptocurrency.
Business owners with convenience stores in gas stations can also access cryptocurrency. One benefit of choosing PTPShopy is that merchants do not need to pay a subscription fee to get started, as registration is quick, easy, and free. Plus, integrating the PTPShopy API can be completed without the assistance of a professional.
Travel Companies
The travel industry is not exempted from the cryptocurrency rave, as many travel agencies now accept cryptocurrency to commute customers. The mechanism of loyalty programs is being reduced to suit cryptocurrency holders to keep customers’ trust. Travel agencies like Travala, Berkeley Travel, Destinia, Alternative Airlines, and airlines like LOT Polish Airlines, AirBaltic, and Northern Pacific Airways accept cryptocurrency from their customers.
eCommerce companies
Many e-commerce companies are no strangers to cryptocurrency payments and have long been pioneers in crypto payments. Customers can choose to pay for any digital asset of their choice and have their products delivered within days. Popular eCommerce companies that accept crypto are American Eagle, Amazon, Shopify, and Banana Republic.
PTPShopy offers an API that business owners can integrate into their WooCommerce stores. Thanks to its support for over 400 cryptocurrencies, customers can use any cryptocurrency of their choice to make payments, improving the revenue of business owners.
In addition, PTPShopy charges less than 1% for each transaction and can also be integrated into Shopify stores. Business owners can instantaneously verify their funds in a matter of minutes and also get access to a variety of financial tools, like an automated invoicing tool, transaction history, and more, to ease business management and operations.
Nonprofit Companies
Nonprofit companies that accept donations towards a cause also accept cryptocurrency from willing donors. The anonymity of cryptocurrency transactions makes it a perfect avenue to support any cause of their choice. Popular nonprofits that accept crypto are the Red Cross, SOS Kinderdorf, United Way, American Cancer Society, BitGive Foundation, and more.
Charity organizations can make use of the crowdfunding option on the PTPShopy payment gateway. There they can set a target and also advertise the crowdfunding campaign on social media via shareable links. Upon completion, the donated funds will be released for the intended event. With PTPShopy, nonprofit organizations can be transparent about their finances to the public, earn more trust, and access a broader range of audience to donate their cause.
Education Institutions
The real-life use case of cryptocurrency is boundless, as many schools accept cryptocurrency for tuition payment. The first university to accept Bitcoin payments was in 2013, and ever since this feat, more educational institutions are beginning to accept crypto payments.
Only a handful of educational institutions do, and some of these institutions include the Lucerne University of Applied Sciences and Arts in Switzerland, the Innovation and Entrepreneur Business School in Spain, the European School of Management and Technology in Berlin, and FPT University in Vietnam. Students can now pay for their tuition with Bitcoin, XRP, Ethereum, or any other approved cryptocurrency.
How Crypto Payments Work
With PTPShopy crypto payment gateway, accepting cryptocurrencies for your business is an easy task for both you and your customers. These are steps for customers to pay using crypto on your platform using PTPShopy.
Customer Chooses Cryptocurrency Payment
When a customer decides to pay with cryptocurrency, they’re opting for a method that’s fast, secure, and increasingly popular among tech-savvy consumers.
- Selection of Cryptocurrency
Once your customer opts for crypto, they can choose from a variety of popular cryptocurrencies like Bitcoin, Ethereum, and others.
Customer Sends Crypto to the Deposit Address
After choosing their currency, the customer sends the required amount to the provided deposit address.
Receive Payment in Your Preferred Currency
Once the transaction is confirmed, PTPShopy converts the crypto payment into the currency of your choice, whether it’s USD, EUR, or any other supported currency. The funds are then quickly and securely deposited into your account, simplifying your financial operations.