Cryptocurrencies have revolutionized the financial world and changed the way people perceive non-trivial payment methods. Digital money has multiple unbeaten privileges above fiat currencies. The most fundamental advantage of crypto transactions is unsurpassed security due to the implementation of decentralized peer-to-peer blockchain technology.
The undeniable leader among digital money is Bitcoin or simply BTC. Since its debut in 2009, skeptics keep arguing that Bitcoin is about to crash any moment. However, BTC has not only stood the test of time but managed to grow to the most widespread and world-recognized e-currency. Nowadays, more and more global industries integrate Bitcoin solutions for legitimate and swift funds running. This post will uncover the biggest giants that deal with BTC.
6 Biggest Industries That Accept Bitcoin in 2021
Do you wonder where you can pay with Bitcoins in 2021? Check our list of the biggest industries that already accept cryptocurrency.
It may seem that banking institutions are not ‘happy’ about the boost of digital currencies as they have become their main competitors. In reality, the financial industry has blossomed with the advent of digital money. International banks and e-payment services tend to move with the times and give their customers what they need – the opportunity to conduct fast and safe money transfers with crypto. Western Union is about to adopt BTC acceptance in 2021. These financial companies are BTC-friendly:
Bitcoin gambling is a new trend among present-day players. Gamers prefer BTC payments for their lighting speed and complete anonymity, with no risk of information leaks and hacking. When you play an online crypto casino, you shouldn’t worry that banks will reject your transactions. It is because cryptocurrencies are not under the control of banking institutions or other authorities. The number of online Bitcoin casino sites has grown exponentially in recent years. 7Bit Casino is a good example of a BTC-friendly casino platform. In addition to Bitcoins, the company offers a vast selection of alternative cryptocurrencies.
Food & Beverage Companies
Do you know that the first-ever purchase with Bitcoins was a pizza? In 2010, the guy named Laszlo Hanuecz spent 10,000 BTC for two Papa John’s pizzas, marking the beginning of cryptocurrency payments. At that time, Laszlo’s purchase was something incredible. Today, each of us can pay for food and drinks with digital money. Famed Michelin restaurants and small coffee shops worldwide have started accepting Bitcoins, listing such food & beverage industry giants as:
- Burger King
- Whole Foods
- Domino’s Pizza
Tech Companies & Software Manufacturers
It’s impossible to imagine the tech industry without the implementation of blockchain solutions. The biggest retail businesses, software manufacturers, hardware stores, electronics, and automotive companies take advantage of cryptocurrency progress in 2021. BTC acceptance makes their services available for millions of global customers as it takes milliseconds to send digitized money from one node to another via the virtual space. The major examples are:
- Home Depot
Education & Media Services
The amount of educational establishments where students can pay with cryptocurrency keeps growing by leaps and bounds. Paying tuition fees with BTC means lower service charges for students and no sluggish routine with banks. Switzerland, Cyprus, and the United States are frontrunners in this niche (Lucerne University, Wealthy Affiliate, University of Nicosia). Online media is another largest industry that moves towards digital money acceptance. The proven examples are Wikipedia and Synergic Press.
Travel & Entertainment Industries
The tourism and entertainment sphere are vivid examples of how digital money is changing human lives for the better. Nowadays, we can book tickets, accommodation, transfers in any part of the planet using crypto-wallets. There is no need to worry about finding yourself with empty pockets in a strange country because virtual money is always at hand. A myriad of booking platforms, airline companies, travel agencies, cinemas, and theatres accept Bitcoin in 2021:
- Major Cineplex
Prospects of the Cryptocurrency Market
Experts forecast the continuous boost of cryptocurrency integration by many other industries in the upcoming years. While a decade ago, the majority treated blockchain and digital money with distrust, today, over fifty million people worldwide use BTC wallets in their daily routine. Fiat currencies are no longer public favorites among tech-savvy customers. People may now order food, travel, play in online casinos, and do many other things with Bitcoins. No doubt, we currently witness the era of crypto, and it’s only a start!
Andrew Clarkson is an expert in the online gambling and betting industry with more than 7 years of experience. His professional life can be called a great example of how a person has turned what was a hobby into a successful career as a gaming consultant and casino adviser.
In addition to his interest in casino gaming, he likes to attend different journalism conferences.
Keeping abreast of the latest sports and online gambling events around the world, he now covers the most interesting topics about popular online casino games, cryptocurrencies and blockchain technologies.