A growing number of companies are accepting cryptocurrency as a form of payment. Watch the video for a look at other companies accepting everything from bitcoin to Ethereum.
The rise in cryptocurrency and secure blockchain transactions is good news for investors. "I think we can have a system that is decentralized that is secure but can now be verified in a decentralized way without the need for one, or several, central intermediaries, which can be more inefficient and more costly," said Ed Lopez, managing director, head of ETF Product at VanEck, and host of the podcast 'Trends with Benefits.'
List of Companies Accepting Cryptocurrency:
- Microsoft Corporation ( (MSFT) - Get Microsoft Corporation Report) - an early adapter, accepting since 2014
- Apple, Inc. ( (AAPL) - Get Apple Inc. Report)
- Paypal Holdings, Inc. ( (PYPL) - Get PayPal Holdings Inc. Report)
- Home Depot, Inc. ( (HD) - Get Home Depot Inc. (The) Report)
- Starbucks Corporation ( (SBUX) - Get Starbucks Corporation Report)
- Whole Foods ( (WFM) )
- Restaurant Brands International, Inc. (QSR)
- Yum! Brands, Inc. (YUM)
- Etsy, Inc. ( (ETSY) - Get Etsy Inc. Report)
- Newegg Commerce, Inc.( (NEGG) - Get Newegg Commerce Inc. Report)
Last week, Elon Musk said that Tesla (TSLA) will likely start accepting bitcoin payments again when around half of the power used to mine bitcoin comes from clean sources, such as solar and wind energy.
The Tesla CEO is known for fueling the cryptocurrency market through his comments on Twitter.
On July 22, Amazon (AMZN) posted a job opening for a digital currency and blockchain product lead.
On July 26, Amazon (AMZN) denied a media report that the company was looking to accept bitcoin by the end of 2021.
Editor's Note: The article was previously published and updated on July 29, 2021