Top 5 companies that accept payments in Bitcoin

Bitcoin ushered in 2021 with a loud thud.

The world’s biggest digital asset has suddenly ballooned, soaring to nearly 5% over the last 24 hours to peaks of $53,750 on the Luxembourg-based Bitstamp exchange.

Market observers are becoming very anxious about the coin by the day.

Investors are looking to warm up on the crypto.

With the rise in technology, a good number of companies have been introduced to cryptocurrency.

Here’s a quick look at today’s top 5 companies that accept Bitcoin:

AT&T Inc.

AT&T is the first major mobile company in the world to accept payments in Bitcoin. In 2019, the carrier disclosed they would accept online bill payments through BitPay, a digital currency payments processor. In the same year, AT&T reported total revenue of more than $181 billion. The Texas-based multinational conglomerate trades on the New York Stock Exchange under the symbol T and has 247,000 employees, with total assets of almost $552 billion.

Microsoft Corporation

Microsoft has been accepting Bitcoin payment at its online Xbox Store since 2014. The company reported a total of $143 billion in sales last year. Its total asset is $281 billion. Its Xbox Store Bitcoin payment service was temporarily suspended a few years since its launch, but it is now back online. Microsoft, which trades on the NASDAQ under the symbol MSFT, has 163,000 employees worldwide.

BMW

BMW dealerships in Europe are now accepting payments in Bitcoin for their brand-new cars. Stephen James Enfield BMW, a London-headquartered car dealership and Kent, have partnered with BitPay for accepting Bitcoin payments. BMW (Bayerische Motoren Werke AG) reported total sales of $5.5 billion last year. It has a total asset of $255 billion, with nearly 134,000 staff.

The Home Depot

Home Depot is the biggest home improvement retailer in the U.S. It accepts Bitcoin payments through a special arrangement with the mobile wallet app Flexa. Home Depot, which trades on the NYSE under the ticker HD, has close to 416,000 employees, with total assets of more than $51 billion. In the third quarter of fiscal 2020, Home Depot reported sales of more than $33 billion.

USAA (Private)

The United Services Automobile Association is a financial services company that provides banking solutions to members of the US armed forces. Last year, it had total revenue of 35.6 billion, with total profits of $4 billion and more than $173 million in total assets. In 2016, USAA announced a digital currency wallet for members of its program who have Bitcoin. USAA has a workforce of 32,896 employees.

 

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