Over the years, holding crypto has been more of an investment for long or short term. People who converted most of their local currency to cryptocurrency had to convert it back when they want to purchase an item or pay for some services. Come 2020, a couple of E-commerce and companies now accept cryptocuurency as payment, enabling crypto holders to spend their tokens directly.
According to bloomberg’s report, lawyers within Washington, D.C jurisdiction can now accept cryptocurrency as a means of payment for their legal services. Also in Slovenia, more than 1000 locations in the country now accept cryptocurrency as payment.
Cryptocurrency adoptation is growing rapidly all over the world with more companies accepting cryptocurrency as payment. Nearly 70% of customers booking on Travala.com was paid for with cryptocurrency and they have recorded rapid increase in bookings since they started accepting cryptocurrency as payment.
COMPANIES THAT ACCEPT CRYPTOCURRENCY AS PAYMENT
• Travala.com
• Microsoft
• Overstock
• Namecheap
• Burger King
• KFC
• Wikipedia
• Reeds Jewelers
• Twitch
• Virgin Galatic etc.
HOW TO ACCEPT CRYPTOCURRENCY AS PAYMENT
With the help of blockchain technology such as nowpayment.io crypyocurrency has revolutionized the digital payment systems. Nowpayment.io is the easiest way to accept cryptocurrency as payment. Through NowPayment.io you can accept Bitcoin, Litecoin, Ethereum, stablecoins and many more cryptocurrencies with native integration into your platform or a neat widget.
nowpayment.io features include;
• Auto coin conversion
• Instant withdrawals
• 24-hour payment window
• Stable coins
• Simple API
• Security
• Regulation compliance
• 24/7 support
Accepting cryptocurrency as payment has several advantages compared to fiat money. The blockchain is the safest option of running any kind of transactions, it can give you the privacy you desire as wallets are not linked to owner’s identity, the payment fees are lower than a couple of fiat payment systems, customers have the choice of picking from multiple payment method, etc.
Visit nowpayment.io
to find out how you can crypto currecncy payment system on your website. You can also follow them on twitter