CRYPTO FACT: You Can Use Crypto to Buy Real Things. Companies like Tesla, Gucci, Microsoft, and Shopify stores have accepted crypto directly or via payment providers.
Cryptocurrencies like Bitcoin ($BTC ), Ethereum ($ETH ), and others have increasingly been accepted as forms of payment by various well-known companies and platforms, either directly or through third-party payment processors. Here's a quick breakdown:
🏢 Major Companies That Have Accepted Crypto
1. Tesla – Elon Musk’s company has accepted Bitcoin and Dogecoin at different times (mainly for merchandise), although its policy has fluctuated.
2. Gucci – Accepts crypto payments in select U.S. stores through providers like BitPay or Flexa.
3. Microsoft – Accepts Bitcoin for certain digital content (like Xbox store credits), although it has scaled back broader acceptance.
4. Shopify – Individual merchants can enable crypto payments using apps like Coinbase Commerce or BitPay.
5. Overstock.com – One of the earliest large retailers to accept Bitcoin.
6. AT&T – Accepts crypto payments via BitPay for phone bills.
7. Newegg – Tech and electronics retailer that supports Bitcoin.
💳 How It Usually Works
Payment processors like BitPay, Coinbase Commerce, or Flexa convert your crypto into fiat instantly, allowing merchants to avoid volatility.
Some platforms allow stablecoin payments (e.g., USDC) for more price stability.
⚠️ Things to Keep in Mind
Volatility: Crypto values can change rapidly.
Transaction fees: Network fees (especially on Bitcoin or Ethereum) can be high.
Tax implications: In many countries, spending crypto counts as a taxable event.
