Cryptocurrencies as payment methods are gaining increasing traction
Shiba Inu, Dogecoin and Ethereum holders can now spend their cryptocurrency to buy electronics, computers, appliances, cell phones, video games and more through top US consumer electronics retailer, Best Buy. bitpay gift card.
In a recent tweet, crypto payments processor BitPay announced that Best Buy gift cards were now available for customers to buy with cryptocurrency. Best Buy thus joins the hundreds of brands for which BitPay enables consumers to buy gift cards with crypto.
For now, holders can spend their crypto at the Minnesota-headquartered electronics retailer via a gift card, unlike Newegg, another electronic retailer that accepts direct crypto payments.
Supported cryptocurrencies by BitPay are Bitcoin, Ethereum, Bitcoin Cash, Litecoin, XRP, Dai, Shiba Inu, Dogecoin, Wrapped Bitcoin (WBTC) and stablecoins.
Acceptance of cryptocurrencies as payment gains traction
The attraction of cryptocurrencies as a payment method is increasing. As U.Today reports, electronics and computer e-store Newegg added the Shiba Inu as a means of payment late last year.
The addition was celebrated with much fanfare and was advertized on the world’s largest digital out-of-home billboard in Los Angeles, California. In April of the same year, Newegg announced its acceptance of Dogecoin as a means of payment in celebration of “Dogeday” or “4/20.”
In March this year, AMC Theatres, the world’s largest cinema chain, announced that it has finally started accepting Dogecoin and Shiba Inu through BitPay.
Also, luxury watchmakers like Tag Heuer, Hublot and Breitling are now accepting cryptocurrencies via payments processor BitPay. The fast food space isn’t left out either. As reported by U.Today, holders of cryptocurrencies supported by BitPay can pay for Uber Eats food deliveries.
Food delivery companies like DoorDash and Grubhub, as well as takeout restaurants like Grill, Chillies, Carrabba’s Italian Grill, Steak ‘n Shake and many more, are accepting cryptocurrency.
