As the popularity of Bitcoin and other digital currencies are seen in the market, we see many companies opening up for these new kinds of money. However, there are many who still feel that the volatile nature of Bitcoin is the problem that prevents them from accepting bitcoin for their products. But with companies like PayPal and Starbucks are now opening up. Just last month, we saw the digital currency hitting in a big way when we saw the popular digital one – Bitcoin surging close to 60K USD as the price per unit of the bitcoin. Thus two pizzas that were bought earlier with just two bitcoins can cost today a whopping 613 million very soon. This is how digital currency is increasing at its higher pace. We have seen Bitcoin be very much popular in the market, but on the other end, it is highly volatile as well, which seems to be well-publicized.
One can see such warning to be not very much dissuaded along with the number of other companies are also accepting this very digital coin using the official payment choice. However, in the month of Feb, one can find Elon Musk of Tesla also announcing that he is going to accept Bitcoin as one of the key payments for cars that fits the customers in the US by accepting bitcoin as the payment. Jacky Dorsey, the Twitter CEO, was also seen teaming with another group called Jay Z for their bitcoin endowment through a website like https://1g-profitsystem.com. This couple is going to invest around 500 bitcoin in order to develop a good market proposition of 500 Bitcoin currency in countries like Africa and India as well. But earlier, as we see, Tesla was seen stealing the headlines in a big way with his announcement that has somewhere overshadowed the other companies who are not coming into this bandwagon of accepting bitcoin as payment options.
We now see the popular pizza chain called Burger King also coming up to join this bandwagon. The fast-food chain has now started accepting digital currencies for their food. In 2020, the fast-food chain in Venezuela announced that they would accept bitcoin and other digital currencies in order to sell their products to customers. They were able to collaborate with top groups like Cryptobuyer to make things work for them. This platform has been helping to generate money with the help of converting the bitcoin and other digital currencies with this company on board. Cryptobuyer is among the top platforms in this region that has been actively involved in the currency conversion with several digital currencies, including bitcoin, claims the report of Yahoo Finance. This is not all, and we also se a number of other companies also joining the bandwagon of accepting bitcoin for their products.
Of late, we heard Yum Brands like Pizza Hut, KFC, The Habit Burger Grill, and Taco Bell are also entering into this domain to accept money in bitcoin. These companies now have allowed their customers to pay valid payment options like Bitcoin and are working in the same way as Pizza Hut is seen operating in Venezuela earlier in 2020. We see the Yum Brands are also seen networking with groups like Cryptobuyger in order to start things to accept money in digital currency using the crypto payment methods, claims the reports of Nasdaq. Thus one can see even KFC Canada seems to be using digital currency, including Bitcoin, to sell a number of products like Bitcoin Bucket that are seen coming up in the market by partnering with BitPay, claims Yahoo Finance.
Also, a payment wallet like PayPal is also accepting payments in the form of Bitcoin. As you check the various payment methods allowed at PayPal, Bitcoin seems to have come up with an important option for the same. We can also see Xbox now accepting money for their product to gain more and more customers across the world. Meanwhile, PayPal is seen coming up with the same in October 2020 to buy, hold and sell different digital currencies using their cash claims the Yahoo Finance. We also see the ecommerce giant coming up with the idea of accepting bitcoin. However, Amazon is not accepting the digital coin directly but with the help of the gift cards with the help of the company called Bietfill. This is among the digital company that is seen entering soon.