.png){kind=logo}
Transitioning to a blockchain-based ecosystem facilitates entrepreneurs with a string of benefits. We are living in a world that is fast adopting cryptocurrencies, crypto customers are adding digital assets as additional payment options which facilitate businesses to gain a competitive edge in the market. Cryptocurrency gateways enable merchants to accept digital payments and receive the amount in fiat currencies. Ethereum has emerged as one such cryptocurrency that has grown quite popular among traders and businesses. Several world-renowned companies accepting ETH payments have been able to establish their foothold in the crypto market. Experts say that whether or not Ethereum becomes a primary mode of payments is a consideration for the future, currently, institutional and individual investors just want to put their hard-earned crypto to good use. Here, we have listed the top companies that are accepting Ethereum payments in 2022 and setting their foothold in the crypto market.
Among several cryptocurrencies, Gucci became the first luxury brand to accept cryptocurrencies as payments. Bitcoin and Ethereum became top cryptocurrencies that are being adopted as payment methods. The luxury brand also became the first merchant to start accepting Apecoin through BitPay.
In May 2022, Balenciaga became the second luxury label under the Kering Group to accept crypto payments. The French fashion house will be accepting crypto payments on its website and its flagship stores in New York and Beverly Hills. Shoppers can make crypto payments in Bitcoin and Ethereum, with several more options that are to be included in the future.
Chipotle is one of the most popular Mexican fast-food chains that announced that it would accept crypto payments in more than 2,000 of its outlets in the US. Not just Ethereum, Chipotle is about to accept a total of 98 cryptocurrencies, including Bitcoin and USD-backed stablecoins. Now, Chipotle joins a long list of restaurants and food chains that accept crypto payments.
Tag Heuer is another high-profile addition to the list of companies accepting Ethereum payments. The Swiss luxury brand has partnered with BitPay to enable crypto payments for its customers in the US. The company provides multiple crypto payment options, including Bitcoin, Dogecoin, and a few other stablecoins for its entire range of watches and accessories.
Amazon started accepting payments in Ethereum, Bitcoin, and Cardano at the end of 2021. It is the fourth-largest company in the world that is working towards accepting the flourishing cryptocurrency as a payment method. Amazon supports 40 other cryptocurrencies like Bitcoin, Dash, Chainlink, and many more.
Shopify is another one of the world's largest e-commerce companies. It has recently tied up with Crypto.com to enable its merchants to accept payments in 20 different cryptocurrencies, including Bitcoin, Dogecoin, and Shiba Inu. The best part of this is there are zero transaction fees and a settlement fee of just 0.5 percent.
Emirates is one of the world's top airlines that announced that it would soon begin accepting crypto payments. A top Emirates executive stated that the company is currently hiring employees to assist it and also disclosed that NFT collectibles would be added for sale on the company's website
Newegg has a long-standing reputation for being a pioneer in the crypto market. Newegg was one of the first companies to accept Dogecoin, followed by Litecoin. The company also accepts Ethereum, providing users with the ability to pay via a wide range of cryptocurrencies.
Travala is allowing customers to book hotels with Ethereum. By using the Travala.com application, investors can use Ethereum to pay for their trips, along with several other cryptocurrencies like Shiba Inu, Avalanche, XRP, Bitcoin Cash, and several others.
OverStock is one of the first-known businesses to accept Ethereum's token as a form of payment. The retail service provider allows clients to make payments using Ethereum. While Bitcoin flooded the market, Ethereum had a hard time convincing businesses about its market dominance. The adoption of Ether by OverStock has paved the way for the widespread adoption of the token.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
