In November of 2008, a paper was posted to a crypto mailer list titled “Bitcoin: A Peer-to-Peer Electronic Cash System.” During this time the value of the first Bitcoin transactions was negotiated by a few members on a bitcoin forum with one notable transaction of 10,000 BTC used to indirectly purchase 2 pizzas.
In 2011, based on Bitcoin’s technology, other cryptos started to surface. By 2017, a single bitcoin’s value reached more than $4000. Now in 2018 the price has tripled to above $14,000.
Crypto is on the rise as it has many benefits, such as security, speed, transaction fees, easy to store and manage and relevance in the digital era. It is without a doubt that we won’t have to wait much longer to see crypto as a world-wide accepted means of payment.
Below are a few organizations that accept Bitcoin as a form of payment:
#1 Virgin Galactic Ever wanted to take your Bitcoin to the moon? Literally? Well now you can, just send a few Bitcoins to Virgin and you are on your way. Maybe Sir Richard Branson will be your co-pilot.
2. OVERSTOCK.COM: this company stands as the first retailer to accept Bitcoins. They deal in household stuff ranging from electronics to bedding’s. They make it easy to pay with bitcoin by just choosing the “pay with bitcoin” option at checkout.
#3 eGIFTER: eGifter deals in eGift cards online. They partner with Coinbase and accept bitcoins as the form of payment for giftcard purchases.
#4 ZYNGA: After their partnership with Bitpay, players can use bitcoin to make in-app purchases.
#5 SUBWAY: Subway franchises started accepting Bitcoin for payments for their “Eat Fresh” products. But don’t go running to your local shop yet. Unfortunately this is only available in Buenos Aires, Argentina.