The list of 25 big companies that accept Bitcoin, Ethereum and other cryptocurrencies consists of retailers, tech giants, fast food chains and many other companies that jumped on the bandwagon as cryptocurrencies have gone mainstream.
And it’s a good thing, because given the popularity that Bitcoin and other cryptocurrencies have registered in the last couple of years, embracing them early allows these companies to attract more customers with a new payment method and to adjust the new technology as needed.
There currently are well over 1,000 cryptocurrencies in circulation at the moment, but only a handful managed to become popular. The Bitcoin, as the oldest one stands out, as many large companies started accepting Bitcoins first before moving on to other cryptocurrencies. There are currently nearly 16.68 million Bitcoins in circulation with a total value of $103.82 billion. Other big cryptocurrencies include Ethereum, Ripple, Litecoin and Bitcoin Cash.
Cryptocurrencies have been around since 2009, but only since 2014 they have been gaining momentum as their value surged and businesses and industries around the world started to accept it. Earlier this year, Japan declared Bitcoin a legal tender and several central banks around the world started to look closer at cryptocurrencies in the wake of more businesses accepting it as a form of payment, circumventing the established money system, and investors pouring money into new ventures through Initial Coin Offerings (ICOs).
Source/More: 25 Big Companies That Accept Bitcoin, Ethereum and Other Cryptocurrencies – Insider Monkey