Have you invested in Bitcoins? If so, are you wondering where on earth you can use this hot, new cryptocurrency? Have no fear, I’ve got the #deets for you so you can invest your hard earned Bitcoins.
Back in 2014, PayPal announced that it would accept bitcoin as a form of payment with the help of Braintree—a startup that, according to their website, “helps businesses of all sizes, from small to large enterprise, accept, process, and split payments to help maximize business opportunities and revenue growth.” In an interview with CNN Money, Scott Ellison—PayPal’s Senior Director of Strategy and Market Analysis—said, “We think Bitcoin has tremendous opportunities going forward” … “If you really want to understand how a technology works, you need to actually be in that technological space yourself.”
Along with a partnership with Coinbase, Overstock.com started allowing consumers to purchase thousands of items with bitcoin back in 2014. Check out Overstock.com’s CEO, Dr. Patrick Byrne, discuss his company’s future with bitcoins.
2014 must have been the breakthrough year for companies to dabble with bitcoins. In May 2014, DISH Network started accepting bitcoin as a form of payment for its content services. Just like Overstock.com, Coinbase was the lucky payment processor for Dish Network’s bitcoin transactions.
These are just a few of the online companies that are accepting bitcoin. Stay tuned because it’s likely this list will grow and expand in the coming months.
Tweet @StarterNoise to tell us what online companies you use with your bitcoins!