certify
Home arrow Article arrow Article Detail

Companies-PayPal and Starbucks accepting bitcoin and other cryptocurrencies as payment

Profile Image

Vandana Mrigwani

CBW -External Analyst

INDIA

Apr, 08 2021

Apr, 08 2021

likes 0 | comments 0

Article Image

Not often does a news cycle go by without some reference to bitcoin's rising popularity, from fans and skeptics alike. 

 

Its prices on trading exchanges fell around Thanksgiving last year-only to roar back and set a record high of $19,857 on November 30: a 177% year-to-date upsurge that put the S&P 500's 14% rise to shame, as Insider formerly reported. 

 

The previous month, the cryptocurrency hit an all-time high, with prices flowing to $60,000. One chance of the increase meant that two pizzas bought by crypto star Laszlo Hanyecz would have efficiently been worth $613 million. 

 

Bitcoin's instability is well-publicized and has led various investors, including Warren Buffet, to criticize it and other cryptocurrencies as "risky" and "valueless." Such warnings have not discouraged more companies from tolerant the currency as an official payment choice. 

 

In February, Elon Musk proclaimed that Tesla would accept bitcoin as a form of payment for all mockups of its cars in the US. In tally, Twitter's CEO and founder, Jack Dorsey, teamed up with Jay-Z for a bitcoin donation. The pair will invest 500 bitcoins to grow the currency in India and Africa. 

 

Even though Tesla stole the headlines, there are also hundreds of other prominent companies that accept cryptocurrency as a valid form of payment, across numerous industries. 

 

More companies, counting PayPal and Starbucks, are accommodating bitcoin and other cryptocurrencies as payment, notwithstanding volatility warnings. 

 

Yum Brands, which functions Pizza Hut, KFC, Taco Bell, and The Habit Burger Grill, is also longsuffering cryptocurrencies. 

 

The corporation allowed bitcoin as a valid payment technique at Pizza Hut Venezuela last year. Yum Brands also partnered with CryptoBuyer to pledge the launch of crypto payment methods, rendering to Nasdaq. 

 

For a small period, KFC Canada accepted the cryptocurrency as payment for yields such as the Bitcoin Bucket, through a partnership with BitPay, per Yahoo Finance. 

 


likes 0 Likes | comments 0 Comments

Profile Image

Vandana Mrigwani

CBW - External Analyst

INDIA

Comments
WHAT IS AN EXTERNAL ANALYST
banner
Article
Husband used coinbase to pay hitman in bitcoin to murder his wife

A prior high school teacher Tennessee from Blount County transferred almost $18,000 in Bitcoin to a would-be hitman. As in an attempt to have his wife killed posted on 07, May’21. The two law...;

Disclaimer: The information is for informational purposes only.​ This advertisement does not constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. None of the information and/or content available through this advertisement is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any company, financial product, security or commodity. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. In Making the investment decision, investors must rely on their own examination of the issuer and the terms of the offerings, including the merits and risks involved. Investments are speculative, illiquid, and involve a high degree of risk , including the possible loss of investment.