Home Economics 15 Big Companies That Accept Bitcoin and Other Cryptocurrencies That Might Indicate Where We are Heading

Economics

15 Big Companies That Accept Bitcoin and Other Cryptocurrencies That Might Indicate Where We are Heading

Simi December 10, 2017

13. Steam

We’ve somehow established a trend on this list. Company after company has reestablished the meaning of “service”, immediately bettering the way we look at that specific business sector. This is true when it comes to gaming, too. As PC gaming started taking off, you had to buy CDs of your favorite games. It was the only viable way of trying out what you wanted to play. There was simply no other way. Piracy came along as a free alternative, but it’s never a safe nor secure way to indulge in something. People needed a cloud service, just for games, where they didn’t depend on physical copies of games to play them. As a result, Steam was born.

Valve, the company behind Half Life, decided to provide their fans with the first gaming cloud service. All you had to do was purchase a game and you could download it to an unlimited number of computers and play all you want. Your machine could burn down, but it wouldn’t affect your Steam account. The payments were already easy and enjoyable, so Steam wanted to further facilitate the notion of online payments for PC games.

Thus, in 2016, Steam finally allowed users to pay for games using BitPay, something many people have disputed, but since understood. The move was a success, and it had higher motives than just capitalization.

Steam has users in many developing and less developed countries. There, access to credit cards is not so easy, especially for young people who aren’t independent yet. Because of this, Bitcoin provides everyone with an excellent solution to bypass any boundaries. Cryptocurrencies know no borders, taxes or similar primitive regulations that plague the economy of the entire world.

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14. Shopify

When it comes to eCommerce, we’re talking about one of the pillars of the modern trade world. A long time ago, you were forced to venture into a physical store and choose whatever you wanted. This created problems for both sides, the provider and the customer. If you, as the customer, wanted something, you were forced to appear right on the spot, no matter how far the store actually is. The provider also had everything ready for the transaction, without any delays whatsoever. Such a sales model was unsustainable and needed to change as the years went by. The solution came in the shape of the eCommerce platform.

Using eCommerce, you can purchase anything you want with just a click or two. It’s incredibly easy and you can expect everything you ordered to right at your doorstep in less than one week. Such convenience was unheard of, and one of the leading eCommerce platforms, Shopify, immediately stood out.

They created a business method that many other sites religiously followed and made use of. They were notorious for their easy payments systems, alongside many other perks. However, they wanted to stand out even more and take matters into their own hands. In order to do this, a decision was to be made.

In 2013, they were frontrunners in the Bitcoin race and allowed their customers to pay with Bitcoin. This wasn’t just for services of the platform, but for every merchant, too. The growing cryptocurrency signified potential and Shopify knew how to make use of the opportunity. Since then, their shares net worth and profits have gone dramatically up. It’s amazing what one smart decision can do to affect an entire business.

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15. Tesla

When we’re talking about innovation and innovators, you can’t miss one man. Elon Musk is one of the most innovative human beings in recent history. With his shrewd business tactics, revolutionary ideas and humanitarian work – he changed the face of the world forever. He managed to do so through hard work and an open mind. Having a sense of evolution around you can be a great aid in terms of being able to instill change in the environment. That view of the world is directly embodied in Elon’s biggest company yet, Tesla.

Just like the genius inventor whose name the company bears, Tesla seeks to bring a revolution to the surface of our planet. Tesla cars are purely run by electricity and rely solely on it, without the need for fuel or any other non-renewable energy source. As if this wasn’t innovative enough, Elon Musk had his sights on more emerging trends in the world. The most significant of these was the rise of one cryptocurrency a few years ago, the Bitcoin. Elon, an advocate of freeing up the economy saw this as an opportunity not only for the whole world but for his company, too.

By allowing vendors to sell the Tesla Models S and X for Bitcoins, Musk has yet again shown a sense of doing business the most efficient way. With Bitcoin making boom after boom, it’s safe to say that the South-African entrepreneur and visionary is happily smiling. And he should, as he was one of the main advocates of cryptocurrency from the beginning. Every single step Bitcoin, Ethereum, and other currencies have taken is directly connected to Musk and his influence. A man of the future, nevertheless.

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