As private companies welcome cryptocurrencies with open arms, Bitcoin, Ethereum, and NFTs have become a part of daily conversations everywhere. What’s exciting is the arrival of crypto payments, which makes virtual money part of the real world.
As we’ve seen, several companies in the past few months have introduced payments in Bitcoin, the more widely used crypto, and other popular currencies like Ethereum, Dogecoin, and Shiba Inu. But larger financial institutions are still warming up to internet-based currencies, at least until regulators guide what businesses can and cannot do. So far, here’s a list of companies that have crypto payments.
Build a Home with Cryptocurrencies
Real estate developer DAMAC Properties will soon accept Bitcoin and Ethereum payments for its luxury abodes. Another developer, Nakheel, will allow customers to pay for their rent, service fees, and real estate purchases using cryptocurrency.
Pay Tuition Fees with Crypto
Dubai-based Citizens School became the first to accept tuition fee payments made in Bitcoin and Ethereum. And if you’re looking to spend your undergraduate years abroad, Bentley University is now accepting cryptocurrency for tuition payments, becoming one of the first universities in the U.S.
Fashion and Beauty Prepare for Crypto
High-end luxury firm Gucci recently announced they would accept crypto payments in Bitcoin, Dogecoin, Shiba Inu, and other tokens at select stores in the U.S. Meanwhile, cosmetics retailer Lush is also preparing to allow customers to pay with Bitcoin.
Carry Crypto When You Travel
Travel company Expedia introduced hotel crypto payments in 2014 and now accepts Bitcoin for hotel bookings. You’ll find many airlines that accept Bitcoin and other cryptocurrencies; this includes Latvian and Polish Airlines. And if you’d like to pay in crypto during your vacation, you should head to Singapore, where many restaurants now accept crypto. The Bake N More café accepts Bitcoin, Ethereum, and Tether payments in Dubai. ِ
In general, household names like Tesla, Microsoft, and PayPal accept Bitcoin and other cryptocurrencies. However, a lag in crypto payment options still exists within larger institutions that don’t provide customers with crypto options yet. In fact, a new study found that only 10% of banks support crypto — usually Bitcoin — for cross-border deals. Whether financial institutions will integrate cryptocurrencies or not is still a big, bold question mark. But the fact that cryptocurrencies are here to stay can’t be denied.
Also Read: Starbucks Mixes Crypto with Coffee.