Big Merchants Now Accepting Bitcoin

[CryptoBry]

There are now many merchants big, small and those in between which are now accepting Bitcoin and other cryptocurrencies in their business. With the help of third-party applications, they are able to integrate Bitcoin option with their infrastructure. Here are some in the list as provided by payments startup Flexa:

Barnes & Noble, Baskin Robbins, Bed Bath & Beyond, Caribou Coffee, Crate & Barrel, Express, GameStop, Jamba Juice, Lowe’s, Nordstrom, Office Depot & OfficeMax, Petco, Regal Cinemas, Ulta Beauty and Amazon-owned Whole Foods Market and of course Starbucks

Source is here.

The names are the who's who in their respective industries. Now, we are all hoping that soon more and more big names will be coming on board so as to boost Bitcoin and the rest of the cryptocurrency club. I know that we are still far cry from mainstream adoption but we can get there one merchant at a time. Soon if this whole thing can be sailing smoothly, there can be an avalanche of support from the business community.

[Ailmand]

I jave seen the article here yesterday. This is big news for cryprocurrency since this could lead to mass awareness and adaptation. Good to know that cryptocurrency is somehow being recognized by some companies as an alternative to cash or plastic money. Let's hope this will be a start for some companies and merchants to accept cryptocurrency as a payment method.

[XCANA]

That's a good one coming in from these big names and hope this add to the development of the technology sooner than later. Could the recent price be traced to this positive news form this angles? these are good news toward adoption of cryptocurrency. Bitcoin has been the favorite in this case and we hope to see other cryptocurrency getting involve.

[CBANX3]

Bitcoin hype is creating a favorable environment for the trading business as news flashes that Bitcoin is getting accepted by the big merchants. But, before selling it blindly make sure that your trading Bitcoin for profit as its price fluctuation (Every minute rising price) can be a deep sink for you.

[n0ne]

Even small scale merchants have started accepting bitcoin, Starbucks once began to accept bitcoin and due to some sort of delay with the network confirmation it stopped the service. Importantly most of the chained networks have been accepting through an intermediary who pay the firm in terms of fiat. This needs to change, only then we can find the true growth it have achieved in terms of acceptance.

[bhabygrim]

This is a great news finally Bitcoin being recognize by big merchants.
Maybe we aren't too far from using Bitcoin on almost everything .
Maybe soon we could easily use it like Fiat to pay up for everything.

[Haunebu]

Heard about Starbucks, Nordstrom etc accepting BTC recently and even heard of a rumor that Ebay would provide BTC as a payment option very soon. I am expecting adoption rates to rise even further once the LN is fully functional which would help speed up TX speeds and reduce TX charges in a big way.

The future does look bright for crypto in my opinion.

[stompix]

Great, instead of getting rid of the intermediaries and 3parties, now instead of Visa we have two

So how is Flexa already letting Cameron Winklevoss pay for that Starbucks coffee with crypto, and how are the 15 other enterprises also doing so?

 First, users need to download the app from Apple’s App store, then send it their asset of choice from any cryptocurrency wallet. While Gemini custodies the crypto funds, Spedn takes care of the payment itself by generating a one-time QR code on the phone’s screen, which is scanned by the participating store’s existing scanner, debiting the amount charged from the customer’s account. While the customer gets a receipt showing the purchase as a gift card, Spedn settles the payment with the merchant in the preferred currency at a later date.

I wonder how much it will cost now to pay those two and what charges will merchants face with this setup.

Great news, happy to see a way to spend coins but sending your coins in a 3rd party wallet is just not the way to do it.
The coins you don't have the private key for are not yours.

[dothebeats]

This is actually great news, though I hope that this would not be a short-term acceptance of the said cryptocurrency as we know that these magnates/companies have the tendency to pull off these payment methods once the price flops. I've seen Steam do it once and silently which is just utterly disappointing knowing that it's a great thing for most gamers who don't have access to credit/debit cards. All I know is that they are accepting it currently because of the hype, but once the hype dies, the option to pay in crypto will also die, too, and I hope it doesn't turn out that way.

[Genemind]

It's great to hear that big and small merchants are able to recognize and accept Bitcoin.
The adoption that we're waiting for is now occurring and it has a big impact on the market situation.
It will also cause more convenience for every users.
Bitcoin will surely boom because of this news.

[jakelyson]

This is good news. Kudos to the Winklevoss brothers for helping bring this wonderful development to bitcoin. There are concerns here that it is still a third party but for me, this is good for adoption. The third party app helps mediates the things lacking in bitcoin to become the main payment scheme. That is good enough for me right now.

[traderethereum]

With the big merchants accepting bitcoin, it will help bitcoin to be spread in many places as we know that the big merchants are in many countries.
That will attract more people to hear about bitcoin, and our hope is they can learn about bitcoin.
Besides that, it will start to help bitcoin to reach the mass adoption shortly and we could see more big merchants will accepting bitcoin too.
Until that time, we can enjoy buying their product using bitcoin, and we can introduce bitcoin in public so bitcoin will be known as one of the new payment systems.

[Muzika]

This will really help the crypto industry to be more broad world wide, with those companies who were enter the bitcoin and crypto industry will influence the others to enter and use this technology in terms of payment, hope that there would be no negative output using it.

[Rufsilf]

Wow, good to know that some big merchants have been accepting bitcoin as payment, it is really a big leap for bitcoin to be known to other consumers as well. With this move, people will be interested in bitcoin and I guess it will also be the time that other people will know what bitcoin really is and how it can help improve of lives.

[ryap12]

It may be a few for now but very soon, well known companies will start to accept crypto as a payment too! Look at Samsung's galaxy phone where it supports cryptocurrency. In less than 5 years, maybe majority of stores across the globe will be accepting crypto as a mode of payment.

[minersday]

People are gradually understanding the intended purpose for the creation of Bitcoin and how relevant it is to the financial ecosystem. It is a good progress of bitcoin and the entire crypto ecosystem since the world is gradually recognizing the importance of cryptocurrency. I wished other aspect of the financial ecosystem also accepting Bitcoin or cryptocurrency as a means for transaction of goods and services.

[AmoreJaz]

People are gradually understanding the intended purpose for the creation of Bitcoin and how relevant it is to the financial ecosystem. It is a good progress of bitcoin and the entire crypto ecosystem since the world is gradually recognizing the importance of cryptocurrency. I wished other aspect of the financial ecosystem also accepting Bitcoin or cryptocurrency as a means for transaction of goods and services.

we are getting there eventually. when merchants and shops see the implementation of crypto payment is successful in those mentioned institutions, they will do the same.
they might be in the pipeline but they need more proofs of its efficiency...

[DreamStage]

Not only those but you also have Amazon, Microsoft using Blockchain for some Applications and Starbucks.
There are really alot of new investors and new companies willing to use Cryptocurrencies, specially Bitcoin for their payment systems which is a GREAT Welcome to everyone.
That's the main reason why we are seeing the next Bull Run happening so fast. As the news spread fast more and more people start to buy Bitcoin for their shops.

[edisystem]

That is a good news for cryptocurrency, more big merchants or company accepting bitcoin, it will bring more people to use or at least know what is bitcoin.

I also heard facebook and paypal have a plan to make their own cryptocurrency, is it true happened then this 2 big company will accept crypto and maybe bitcoin too in the future.

[lionheart78]

Major names in merchant industry had been published to accept BTC and because of this many will follow.  This will greatly increase Bitcoin adoption.  Imagine Bitcoin spreading down to retail level, just wow!  Others who are hesitant to adopt Bitcoin will be left behind.