While the top cryptocurrencies in the market are currently suffering from a huge dip, that does not take away from the fact that the future of these digital currencies are very much essential. Many of the biggest brands today are in fact moving towards great investment within the blockchain, so that should really tell you all that you need to know-it is pretty much staying for business!
The largest of popular services that return and respond to the use of crypto wallets, is the iGaming and gambling world. Some of the best casinos in the world have enthusiastically moved towards offering crypto as their main means of payment. Players from all over the world can play the best crypto casinos and not have to worry about typical debit or electronic wallet transactions anymore. This has additionally been followed through by some of the biggest franchises across the world, which you will see further within the article down below.
This may come as a shock to many who depend on their Venti Caramel Macchiato every morning, but Starbucks have in fact accepted Bitcoin payments since 2019 within stores, which not as many people are aware about. The coffeehouse has later explained that their digital associations with blockchain will be expanded further, with their partnership with Bakkt. Such partnerships were later explored within the middle of 2020, where there was an app in association with both brands launched. Those who wish to purchase coffee from one of the most popular coffee chains in the world, are able to do so with their crypto wallet or access through the specialised app.
The billionaire software giant that created this application, Bill Gates, has been known for his on-off relationship with cryptocurrency. While Microsoft became content with accepting Bitcoin as a means of currency to their online stores and gaming applications, back in the beginning of Bitcoins journey, more and more players went to investing their time in using the cryptocurrency. However, after this occasion Microsoft then came to a decision to remove the digital currency from their platform, due to not being able to provide players with the institutional support that they need. It has since been backtracked however and is available to use once again.
Shopify is a Canadian e-commerce platform created for companies to sell their services online. Anyone can use this CMS as a way of selling their products, and with that being said, Shopify’s relationship with blockchain goes back to the very beginning of blockchains availability on the market. Since Bitcoin’s inception, Shopify now accepts 300 different coins to settle their payments within their online store. They have even expanded their relationship with CoinPayments, another provider of cryptocurrency trading and investments. Since the founding of CoinPayments, it has seen $10 billion in crypto payments and really drove further compatibility for traders using the services provided by Shopify.
Last but not least, we have AT & T who was the first mobile carrier to actually accept crypto payments through the third party BitPay. While there is still no direct transaction with cryptocurrency from the brand, it is a rare case of how third parties initiating bitcoin within the mobile carrier realm exists. Should users of this mobile service choose to use the third party as a means of setting up a transaction, they would first need to ensure they create an active account with BitPay and have access to main cryptocurrencies such as Bitcoin. It is still possible to use a range of both crypto and fiat currencies.
- As per the Public Gambling Act of 1867, all Indian states, except Goa, Daman and Sikkim, prohibit gambling
- Land-based casinos are legalized, with certain guidelines, in Goa and Daman, as per the Goa, Daman and Diu Public Gambling Act 1976
- Land-based casinos, Online gambling and E-gaming (games of chance) are legalized in Sikkim under the Sikkim Online Gaming (Regulation) Rules 2009
- Only some Indian states have legalized online/regular lotteries as per and subject to the conditions laid down by state laws. Kindly refer to the same here
- Horse racing and betting on horse racing, including online betting, is permitted only in a licensed premise in select states. Kindly refer to the 1996 Judgement by the Supreme Court Of India here and for more information
- This article does not endorse or express the views of Qrius and/or any of its staff.
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