Back in 2014, the lion’s share of bitcoin use was accounted for by stock speculation, gambling and the anonymous purchase of dubious goods. However, already in 2013, when after the spring bubble publications about Bitcoin appeared in the most significant media, entrepreneurs began to understand the advantages of cryptocurrency in comparison with traditional payment systems.
The big boom
The boom started primarily in countries of Western Europe and North America, whose governments and central banks took a constructive stance. In Russia, China and some South American states on the contrary, significant restrictions were introduced, which in time could grow into prohibitions. Most of the central banks of the world have issued statements that warn citizens about the high risks of working with crypto-currency.
Now there is a legislative base, thanks to which in the coming years the cryptocurrency will be able to compete on equal terms with the state (fiat) currencies. Since the writing of our previous article, the net commercial turnover of Bitcoin has increased many times. For more on this, you can visit https://www.amarkets.com/daily-analytics/.
Every day more and more large companies and start-ups, wholesalers and retailers take Bitcoin for payment. Through the Internet, with the help of cryptocurrency, you can buy goods, pay for services, travel the world, receive education and purchase real estate.
Bitcoin as a payment system strengthens its position. The advantages and possibilities of the technology are appreciated not only by the crypto community but also by ordinary Internet users; large monopolies and entrepreneurs see it as an opportunity to expand their influence and increase profits.
In storefronts and signboards, on the websites of small online stores and retail giants, the bitcoin logo or the inscription “Bitcoin Accepted Here” (Here Bitcoin is accepted) means the possibility to pay off with cryptocurrency.
Bitcoin on the world map
On the map, you can find many enterprises that accept Bitcoin. All over the world, in every country, there are always new payment acceptance points.
In most cases, this is made possible by the services of the largest companies to date BitPay and Coinbase, offering the business convenient and straightforward ways to accept crypto-currencies.
Corporations accept Bitcoin
The brightest event of 2014 for Bitkoyne was global integration. The catalyst for this process was news about the beginning of reception of crypto-currency payments by business giants.
Large companies, public resources – Microsoft, Dell, Greenpeace, Virgin Galactic, Expedia, Wikipedia had an impact on the expansion of Bitcoin’s trading sphere.
First of all, corporations began to take advantage of digital currencies to increase the level of sales of goods and services.
After a partnership with BitPay, Microsoft added bitcoin as a way to pay for various digital content, including mobile, as well as payment for games and Xbox subscriptions.
Overstock, a giant retailer, was one of the first to start accepting Bitcoin payments in partnership with Coinbase.