So what are the companies that accept Bitcoin? You will get to know if you follow us now. It is a very interesting topic and now Insider Monkey has published an article about it. The rise in Bitcoin’s value is truly staggering. In just eight years, a $27 investment in the cryptocurrency was worth $886,000, as a Norwegian man recently discovered after buying 5,000 Bitcoins in 2009 and promptly forgetting about them for several years. From being worth mere pennies in 2009, one bitcoin is now worth over $1,500, with the price having skyrocketed by over 50% in 2017 alone.
However, the currency’s extreme volatility has generally scared away serious investors, as have concerns that some governments could try to crack down on its usage. There have also been multiple cases of bitcoin theft that have raised doubts about just how safe it is to have a stash of bitcoins stored online. The most infamous case involved the Mt. Gox bitcoin exchange in Tokyo, Japan, which was allegedly robbed of hundreds of thousands of bitcoins beginning in 2011, which today would be worth over $1 billion.
Now without a further ado let’s see what Insider Monkey has investigated for us. We have picked three companies from their list.
The first company is Microsoft Corporation (NASDAQ:MSFT). It was a huge boon for bitcoin when Microsoft Corporation (NASDAQ:MSFT) announced that it would accept the cryptocurrency as a means to fund Microsoft Online accounts. From there, the funds can be used to purchase apps, Xbox games, or other digital goodies. The second company on our list is Zynga Inc (NASDAQ:ZNGA). Online gaming provider Zynga Inc (NASDAQ:ZNGA) is also one of the 17 companies that accept bitcoin, allowing gamers to use bitcoins to pay for goodies in several of their games, including FarmVille 2. At last, but not least le’s check Square Inc (NYSE:SQ). Square Inc (NYSE:SQ) allows merchants to accept bitcoin payments and immediately converts it into USD for them. The platform can be used to pay for purchases with bitcoins at Whole Foods and several other major retailers.
For any further useful information read Insider Monkey’s article about 17 companies that accept bitcoin.