While traditional media keeps insisting on the fact that cryptocurrencies are hard to spend, plenty of big-name companies already accept them as means of payment.
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.Cryptocurrency Payments Infrastructure is Already Herethat 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’tBut some major chain retail companies and online merchants accept Bitcoin for payment already in 2022 .
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.– Fans of Starbucks can buy their cup of coffee with bitcoin by loading the cryptocurrency onto their Starbucks app— since March 2020.
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