Top Industries That Accept Cryptocurrency Payments 

The digital currency era already dawned upon us. It is hard to neglect cryptocurrencies even if you wanted to. Crypto is becoming so widely accepted that soon it will be similar to EURO or American $. The only way that you haven’t noticed this is if you were living under a rock since 2009 when Satoshi Nakamoto gave birth to Bitcoin. 

To make our point reach all of our readers, and prove that BTC, ETH, and other crypto are becoming mainstream currencies in the world of finances, we’re going to list a few of major industries that have accepted it with open arms. When you learn of them, your view on crypto will change from the roots. 

Online Casinos & Gaming Websites

Straight to the point! As we said, many industries are open to accepting digital currencies. The online gambling industry leads this group in every sense of the word. Gaming websites and online casinos are more than open to accept crypto payments. In fact, the creation of digital currencies made the job easier for them. Today, you even have online casinos that only accept cryptocurrency payments. Thus, playing Bitcoin baccarat, poker, blackjack, slots, or any other game associated with gambling and crypto is way easier than ever. 

So, what made online gambling establishments make a move and open their business to digital currencies? It was a rather simple decision. It is a payment method that benefits both the house and the player. When it comes to gambling, rare are the instances that both parties leave the table satisfied. But, when it comes to crypto payments they are. Crypto offers a safe, secure, fast, anonymous, transparent and fair way to transfer money. When you add the reduced fees associated with online banking in comparison between traditional banking and crypto payments, you get the idea why both sides said: “Yes, this is the way we move forward.”

Cryptocurrencies transformed the online gambling industry making it a safer and a better place for both the providers and the end users. Even those with prejudices toward both online casinos and digital currencies are starting to understand where their appeal is coming from. 

Retail & Ecommerce

No surprise here. What’s even more interesting is the fact that companies that are in retail and e-commerce have the highest number of individual entities accepting crypto as a payment method. Today, if you want to buy goods and services on the web, crypto is as acceptable as any other payment method. With some retailers even more. While major companies in this domain such as Amazon still do not accept digital payments it is only a matter of time when they will. At the same time, major electric car manufacturer Tesla enabled customers to purchase their cars for Bitcoin becoming the first company to do so. Also, you can buy cars with crypto at marketplaces such as Car for Coin and BitCars. The main reasons why e-commerce and retail adopted crypto rather quickly is the fact that it comes with lower fees compared to standard banking methods, there is little to no chargeback, and chances of fraud are also lowered. It all comes with a decentralized payment method such as crypto. 

Tourism & Hospitality

Cryptocurrencies travel fast so it’s no wonder that they’re widely accepted in domains of tourism and hospitality. Many hotels, motels, air transportation companies, and other links in the hospitality and travel chain accept digital currencies. You can book a flight, book a hotel, rent a car, pay for dinner, and anything in between with crypto. Even in the early days of crypto you could buy food with digital currencies. Remember that guy who bought two pizzas with 10,000 BTC? Yes, we do too. Airlines and hotels were the first to jump onto the gravy train called crypto. No one can argue that it didn’t pay off already. Crypto is steadily becoming mainstream and those entities that fail to accept it in this field of work or any other risk to be left behind.

Finance & Investment

This is more than logical. You can trust in cryptocurrencies and you don’t have to, yet they will remain what they are – currencies.  Digital currencies are an accepted asset in the world of finances and investment. There are people out there making millions by trading crypto. The list of crypto millionaires and even billionaires is long enough to make a separate article about it. Just some of the names that have gotten filthy rich from cryptocurrencies are Changpeng Zhao, Michael Saylor, Brian Armstrong, Giancarlo Devasini, Paolo Ardoino, Jean-Louis van der Velde, Stuart Hoegner, and Winklevoss twins. There’s more, but these should be enough for you to understand that crypto is a valuable asset. 

Real Estate

With all the industries listed above, the domain of real estate needs to be mentioned too. After all, some of the most valuable assets all of us have include owning real estate. Property rarely loses value, and thus it is worth mentioning that many people decided to buy property off of their crypto exploits. Major hubs such as Los Angeles, Miami, and Dubai are homes to  different sorts of influencers and investors who got rich from digital currencies, trading and investing. Many of them have decided to pour some of that crypto into less volatile assets such as real estate, and with many sellers accepting BTC, ETH, Dogecoin, Solana and other digital currencies, trading crypto for property is no longer taboo. 

Summary 

Digital currencies have penetrated to the core of many industries across the globe. Those that we listed above are the top ones, where their influence is seen from the get-go. Below the surface there’s plenty of more business domains and spheres heavily influenced by that same crypto. Just some that we failed to mention include tech & software domain, field of  charities & nonprofits, food & beverage industries, entertainment & streaming, and art & collectibles. Digital currencies filled a missing space, or should we say blank one, in the world of today’s industry and business. They were what was missing, and from the article above you can see how.