Several Major Retailers Have Joined The Companies That Accept Cryptocurrency

Image Credit: 99Bitcoins

You can now buy ice cream with Bitcoin at Baskin Robbins.

Since Bitcoin properly kicked off in 2012, merchants around the world have been slowly accepting the phenomenon of cryptocurrencies. For the most part, some companies and small businesses will accept Bitcoin as tender for their products and services. Of course, Bitcoin adoption into the mainstream economy has been limited and slow. That being said, there are constantly new developments that bring Bitcoin further into the public’s gaze.

Several major US retailers are now taking Bitcoin and a few other cryptocurrencies. The list of retailers currently accepting crypto includes Nordstrom, Whole Foods, and Regal Cinemas. These companies, all of which are major by any reasonable definition of the word, now accept cryptocurrencies payed to them via the Spedn app. Some other major companies that take cryptocurrencies include Lowes, Petco, and Gamestop.

This major push for cryptocurrencies has come with the help of a startup called Flexa which created the Spedn wallet. Now, cryptocurrency holders can spend their BTC (Bitcoin), BCH, GUSD, and ETH at these well-known companies. According to the people at Flexa, this was made possible by both Flexa, their retail partners, and the digital currency firm Gemini. This platform allows customers to load up their cryptocurrency wallets with one of the accepted coins and purchase items at any of their partner stores.

At the moment, over 30,000 stores are accepting at least one cryptocurrency. Many believe that cryptocurrencies could play a particularly strong roll in the retail industry, although all kinds of businesses now accept them.

We must add that we are not suggesting that you use or invest in cryptocurrencies. It is your responsibility to make sure that you know what you are doing when using cryptocurrencies for any purpose. You may interact with cryptocurrencies at your own risk.

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9 months ago
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