Companies Accepting Ethereum for Payments: Many have questioned whether Ethereum (ETH) could soon replace Bitcoin as the most popular cryptocurrency on the market given Ethereum’s rise in recent years. Given the rise of general decentralised applications (dApps), non-fungible tokens (NFTs), decentralised finance (DeFi) apps, and numerous other protocols that successfully use Ethereum in innovative ways, it’s hard to brush aside ETH’s merits.
Regardless of whether Ethereum takes over as the default method of payment in the future, businesses are moving ahead and making it a part of payment systems. Let’s look at some of the top companies that are accepting Ethereum as payment for their products and services.
Who Accepts Ethereum as Payment? Here’s the List of 10 Major Companies
One of the first well-known companies to use Ethereum’s token as payment is OverStock. The retail service provider accepts Ethereum payments from customers. In the beginning, while Bitcoin dominated the market, Ethereum struggled to persuade companies of its brilliance. Ether’s widespread acceptance has been made possible by OverStock’s adoption of the cryptocurrency.
One of the most well-known Mexican fast-food restaurants, Chipotle, announced that more than 2,000 of its outlets in the US will accept cryptocurrency payments. Chipotle will soon accept a total of 98 cryptocurrencies, including Bitcoin and stablecoins backed by US dollars, in addition to Ethereum. Currently, Chipotle is one of several chains and eateries that accept cryptocurrency payments.
Newegg is an American online retailer that sells electronics and computer hardware. The reputation of Newegg as a market innovator for cryptocurrencies is well-established. It was one of the first companies to accept Dogecoin, followed by Litecoin. The business also accepts Ethereum, providing consumers with a choice between a number of cryptocurrencies for payment.
Balenciaga became the second luxury brand inside the Kering Group to accept cryptocurrency payments in May 2022. The French fashion house’s website and their flagship stores in New York and Beverly Hills will all accept cryptocurrency payments. Customers can make cryptocurrency payments in Bitcoin and Ethereum, with numerous other options coming soon.
One of the best airlines in the world, Emirates, revealed that it will soon start taking cryptocurrency payments. A senior Emirates official announced that the firm is actively hiring staff to help them accept ETH as payment.
6. Tag Heuer
Another well-known company that recently joined the list of businesses that accept Ethereum payments is Tag Heuer. The Swiss luxury brand has teamed up with BitPay to make cryptocurrency payments available to its US consumers. For its entire selection of timepieces and accessories, the firm offers a variety of cryptocurrency payment alternatives, including Bitcoin, Dogecoin, and a few other stablecoins.
High-end Italian fashion giant Gucci, became the first major brand to accept crypto coins as payment. They started accepting payments in Bitcoin, Ethereum, and the Bored Ape Yacht Club-affiliated ApeCoin (APE). They have partnered with BitPay to facilitate this.
Travala.com is a blockchain-based travel platform where ETH can be used to book over 3,000,000 travel products, including hotels, homes, flights, and other activities. Users can pay for their travel on this platform using Ethereum, as well as a number of other cryptocurrencies, including Shiba Inu, Avalanche, XRP, Bitcoin Cash, and many more.
This travel company allows their customers to pay for the flights with digital currencies, including Bitcoin and Ethereum.
As its name implies, you may buy headphones from this site and choose from a number of payment methods, including ETH and other cryptocurrencies.