Bigger Bitcoin Acceptance Means More Applications
Critics argue that Bitcoin’s 4-5 digit figure value is unjustified considering the lack of BTC use in retail.
However, according to News BTC, a large number of companies have attempted to gradually adopt cryptocurrency by accepting payment for goods and services in different digital assets.
Two latest names in the line up of these companies are the multi-award-winning Swiss online retailer Digitec Galaxus AG and Avnet, a Phoenix-based electronic components supplier. According to News BTC, the two’s combined annual revenue last year was over $18.39 billion.
As Bitcoin acceptance grows, its application grows as well. More companies have been investing in Bitcoin and other digital currencies, and as of today, the list gets longer.
Avnet for one, proudly detailed how they decided to go crypto on the homepage of its website. Also, Digitec Galaxus AG, owner of both Digitec and Galaxus online marketplaces announced that they would start accepting cryptocurrency payments and partner with Coinify as their payment processor.
Cryptocurrency is becoming more relevant and more companies and people are starting to accept it all over the world. Oliver Herren, the CIO, and co-founder of Digitec said, “Cryptocurrencies are fascinating and could become a relevant means of payment in e-commerce. We would like to support this development.”