Altcoins, just like bitcoin, are not your ordinary currencies. Instead, they are investable assets and whose great utility lies in volatility and increasing public acceptance. A couple of years ago, crypto would be simply dismissed as yet another swindler game designed by techies to fleece unsuspecting or rather ambitious investors. But, today the story has entirely changed as people would not mind to quickley use their fiat money and buy a share of Ether here, bitcoin there, Tether, Dogecoin or whichever. Of course, the crypto has had a fair share of misfortunes but that is like any other investments around.
In recent years, roughly 50 million Americans are counted as using cryptocurrencies. A projection by 95 Blockchain Statistics shows that upto 1 billion people around the world will use cryptocurrencies in 2022. All these shows that the volume attachment to the virtual currencies continue to grow and thus their perceived or actual utility.
We have also witnessed a shift in tone by some of the entities that before bashed crypto. For instance, PayPal has found a way around engaging with crypto in a way nobody would anticipate. Many retailers are also joining the fray to accept crypto payments while world richest people haven’t held back putting their precious dollars into crypto. Give it to crypto, they are soaring and redefining investments and payments across the board.
A little recap about altcoins
The Altcoins refer to cryptocurrencies other than the Bitcoin (BTC). The altcoins constitute nearly 80 percent of the crypto market today. At the moment, there are more than 5000 altcoins in circulation. You are unable to help but hear something about altcoins if you decide to pay attention to financial news, stock markets or even follow the emerging technological developments. Altcoins are everywhere, and are being used by millions of people and companies across the world.
The use of altcoins have facilitated payments options for many merchants, remittances, as well as the investment. If you are an investor who is interested in Altcoins, you can use them for purchases at merchants and retailers who accept them as payments. In fact, you should not find any challenges utilizing the little altcoins that you already have in your portfolio. So the big question in this case is where can one use some of the leading altcoins? Get the hint here.
Lush accepts crypto today
If you’re a beauty enthusiast, then Lush is not a new word to you. This is a British cosmetic retailer headquartered in Dorset, United Kingdom. Ideally, the company has been accepting the payments in cryptocurrencies since 2017. In fact, the company began by accepting Bitcoin as one of its payment methods after it teamed up with Bitpay.com. Later, it started accepting other cryptos such as Litecoins and Ethereum as its payment options. So if you have any altcoins in your portfolio and would like to purchase the cosmetic products of your choice, feel free to make your order at Lush’s website. You can as well visit the shop for the same.
Expedia takes crypto payments
Expedia is one of the leading travel agencies that operates worldwide. The company accepts a wide range of altcoins as payments. The decision came as a result of its partnership with Travala, which is a crypto-friendly travel booking platform. You can book your accommodation at more than 700,000 hotels which are listed on Expedia’s website. You are also not limited to which crypto to use as the company accepts more than 40 different cryptocurrencies include Litecoins and Dogecoin
Coca-Cola embraces crypto payments
Coca Cola is the only beverage company that has dominated the world beverage industry for many years. If you have ever consumed products such as Fanta, Coke, Sprite, and Krest, then we’re not going to talk about Coca Cola now, maybe another day. Recently, the company announced cryptocurrency as its payment options after partnering with the Centrapay platform. Today, Coca cola boasts of more than 2000 vending machines in New Zealand which can only accept a number of cryptocurrencies. There are other plans to introduce such programs in Africa and South America, owing to the growing number of people adopting cryptocurrencies.
Sotheby’s Auction House wants your crypto payments
Sotheby’s Auction House is one of the world’s largest brokers of fine and decorative art, and collectibles. For many years, the company has dominated the beauty industry. In 2021, the company began accepting cryptocurrencies as the payment method. Other than the crypto, the company has also begun auctioning off the digital arts non-fungible token (NFT) assets. However, the company places a number of restrictions when it comes to the payment with the cryptocurrencies. For instance, such payments are only accepted through the reputable and approved crypto exchanges wallets such as Coinbase, Ethereum, Litecoins, and Dogecoin among others.
PayPal now takes in crypto
If you’re a PayPal user, then buying, selling or storing a number of cryptocurrencies should not be a problem to you. Ideally, the company accepts a wide range of altcoins including Litecoin, Bitcoin Cash (BCH), and Ethereum within the PayPal app. Users in different parts of the world including the UK and US can enjoy these services. However, the company has not yet come open whether or not they plan to expand the service to other nations in the world.
Pavilion Hotels and Resorts allow crypto payments
The penetration of cryptocurrencies into the hotel industry has had a huge impact on the payment systems. The Pavilion Hotels is arguably one of the newest companies to accept payments in the form of cryptocurrencies. It is also the pioneer hotel chain to adopt such kinds of payment methods.
We invite you to also read one of our articles that talks more about the retailers which accept cryptocurrencies today.
Take Away
Investing with Altcoins is undeniably a lucrative business currently. The new and emerging altcoins will dominate the crypto space in the coming years. Our article is just a guideline for you especially if you want to use the altcoins that you own. Ideally, these are new developments in payment systems that will still help ease your worry in future. In the coming years, more and more merchants and retailers will continue to adopt cryptos as payment means.