Just a decade ago, cryptocurrency payments were only accepted by a handful of companies. Microsoft was one of the first major retailers to start accepting Bitcoin payments back in 2014. Since then, the acceptance rate of cryptocurrency payments has increased year by year. According to Cointelegraph Research’s Cryptocurrency Payments Report, there are currently approximately 420 million cryptocurrency owners worldwide, with more than 30,000 businesses accepting cryptocurrency payments.
The convenience and reliability of using blockchain can be beneficial to almost every existing industry. These include e-commerce, healthcare, insurance, real estate, and more. Industry giants like Burger King, Apple, Disney, and PlayStation now accept Bitcoin and other crypto as a payment. Major sports clubs are also joining the crypto club, with Crypto.com sponsoring an entire arena, home to the Los Angeles Lakers of the National Basketball Association, and Litecoin being named the “Official Cryptocur
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