Bitcoin has been the benchmark for all cryptocurrencies and it still is, But in recent times, other alternative coins seem to be trying to catch up. Ethereum, which has been the second-largest bitcoin seems to be doing better in 2021, although the value gap compared to bitcoin is still very large, the crypto has been doing well lately. Its value is rapidly rising especially with the record from last weekend. Investors who are concerned about returns will probably begin to look at investing in alternative coins outside bitcoin to take advantage of the momentary rise in value.
Meanwhile, more companies are joining the train in adopting crypto-based services and modes of payment. America’s software company, Palantir Technologies, now accepts bitcoin payments. On today’s company earnings call, the CFO Dave Glazer stated that the. The company is open to business and cryptocurrency payment systems. He also stated the Company’s consideration in bitcoin investment as a treasury reserve. this is in addition to other companies like PayPal, Xbox, Venmo, Microsoft, Tesla, and others.
PayPal and Venmo also allow users to buy and sell cryptocurrencies via their applications. It’s no news that Elon Musk’s Tesla is a big investor in BTC and has also adopted crypto-based payments. Overstock, a leading shopping company does not only accept bitcoin payments but other currencies as well. Home Depot, the largest hardware store chain in the United States also adopts bitcoin payment.
Cryptocurrencies are becoming popular payment options among prominent companies. While others are still trying to take their time and weighing their options, some are already taking the bull by the horn. Since a lot of notable companies are accepting cryptocurrency payment methods, there is no doubt that this technology has come to stay and with time more companies will join the train.
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