Skip to main content

These are the retailers where you can spend your cryptocurrency

A few days ago, bitcoin hit £36,000 – which marked a more than three month high as the cryptocurrency trend continues to rebound.

The value of the entire cryptocurrency market stood above £2.3 trillion on Sunday, according to data from Coinmarketcap, while it crossed the $2 trillion mark for the first time since May earlier this month.

As confidence continues to grow, more retailers across the world are beginning to accept different forms of cryptocurrency, from bitcoin to ethereum as payment for goods – some directly and other indirectly through third-party apps such as Bitpay.

These are the retailers located in the UK where you can buy from using cryptocurrency:

Phillipp Plein 

Earlier this month Philipp Plein became the world’s first fashion company to accept payment in 15 different cryptocurrencies.

Shopify

The marketplace payments network accepts cryptocurrencies as a form of payment on its website, meaning that any merchant operating via a Shopify store can accept bitcoin.

Whole Foods

One of the first of those big retailers to adopt the technology was Whole Foods, which started accepting cryptocurrency back in 2019.

UK Whole Foods

Microsoft

Microsoft became an early adopter of bitcoin in 2014 when it began accepting the cryptocurrency as payment for games, apps and other digital content.

Bitcoin can be redeemed as credit on a Microsoft account, which can then be used for a variety of its services, such as Xbox Live, Microsoft 365, OneDrive or Skype.

Lush

Lush was one of the first global companies to adapt to the use of cryptocurrencies, fully embracing them in 2017 when the cosmetics retailer started to allow bitcoin payments for orders on its website through a partnership with Bitpay.com.

It now accepts cryptocurrencies as a form of payment directly on its website.

Etsy

Etsy itself doesn’t have a platform for accepting bitcoin as payment sitewide, but the independent sellers who use its platform can accept crypto in their individual shops if they choose. It’s up to the seller to add an “other” payment method option at checkout.

Amazon

It was reported earlier this year that Amazon was joining the ranks of other tech giants, including Facebook, in laying the groundwork for its own exclusive cryptocurrency.

That said, the ecommerce company doesn’t directly accept cryptos yet however, customers can purchase Amazon vouchers through the company Bitrefill that allows them to use digital currencies with buying goods on the platform.

Tesco, Sainsbury’s, Marks & Spencer, John Lewis, Asda and Argos don’t directly accept digital currencies at the moment but they all accept gift cards through Bitpay.

Click here to sign up to Retail Gazette’s free daily email newsletter

The post These are the retailers where you can spend your cryptocurrency appeared first on Retail Gazette.



from Retail Gazette https://ift.tt/3ylH2YT
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

Eagle Labs launches impirica CBD brand

ST. PETERSBURG, Fla. — Eagle Labs has launched impirica, a new brand of CBD intended to eliminate consumer fear, and increase confidence, in trying the exciting new cannabidiol category. Michael Law Although most Americans have now heard about CBD, many are very confused and concerned about product quality. This is inhibiting trial in the category and holding back conversion into sales. In fact, a 2017 study by Johns Hopkins University found that two out of three CBD products on the shelf did not contain the amount of CBD reflected on the label. Furthermore, in 2018 and 2019, the FDA sent notices to a substantial number of CBD manufacturers advising them of serious concerns about product quality or egregious medical claims. The impirica brand looks different than most CBD brands — the brand name itself connotes testing and trust, says Eagle Labs chief commercial officer Michael Law. “It doesn’t use the traditional category colors of browns and greens, and you won’t find a hemp...
70 comments
Read more

Sagar Daryani, CEO and Co-founder – Wow! Momo & Saga: From a Kiosk to a Kingdom

Sagar Daryani’s entrepreneurial odyssey from humble beginnings to pioneering success has redefined the landscape of food startups in India. Co-founding Wow! Momo, he has spearheaded the growth of the largest indigenous QSR chain in the country, crafting a remarkable saga of triumph The Genesis: A Visionary Venture Takes Root In 2008, armed with a mere Rs. 30,000 and boundless ambition, Sagar Daryani and Binod Homagai embarked on their entrepreneurial journey while still pursuing their graduation in B.Com Hons from St. Xavier’s College, Kolkata, even before their college results were out. They knew the value for money and boot-strapped to plough back profits and grow their venture. Sagar spearheaded brand expansion, brand creation, and marketing and retail operations. Grew across the city with a strong consumer focus. The early days were hard but keeping track of the money flow was even harder. Believing in the concept of ‘1 rupee saved is 5 rupees earned’, and the lessons they lear...
1 comment
Read more

Homegrown ice cream chain HOCCO to open 250 stores, eyes Rs 400 crore by FY26

Ankit Chona, Founder and Managing Director of HOCCO, delves into the company’s revenue model, growth strategies, and vision for the future… Bengaluru: HOCCO (House of Chonas Collaborative) , the Ahmedabad-based ice cream and quick-service restaurant (QSR) chain, boasts a rich legacy spanning over 70 years, with roots tracing back to pre-independence India. The Chona family has been deeply entrenched in the food industry since 1944, originally operating in undivided Pakistan. Following the Partition, Satish Chona , an engineer with British Overseas Airways Corporation, relocated from Karachi to India. After journeying through multiple cities, he ultimately settled in Ahmedabad, where he established his first QSR outlet in 1953. Three decades later, he expanded into the casual dining segment, launching a restaurant in Baroda while continuing the family’s ice cream manufacturing business. However, in 2017, the company sold its ice cream division to a South Korean firm, shifting its fo...
Post a Comment
Read more