Blockchain
Study uncovers which industries accept cryptocurrency as payment option
- The retail & e-commerce sector takes the crown with 76 companies accepting crypto
- Food & dining is second with 72 companies, while Travel and Hospitality is third with 38
- Luxury retail comes in fourth, and the top five is closed by internet & online services
A new study by crypto tax software CoinLedger reveals that the retail & e-commerce sector has the highest number of companies that offer the option to purchase through cryptocurrency.
The study compiled a list of 400 major companies listed by BitPay as accepting cryptocurrency methods and categorized them into sectors, to discover which one contains the most companies offering crypto as a payment method.
Retail & e-commerce take first place with a total of 76 companies accepting crypto payments. The sector includes clothing and accessories stores like Adidas, Yankee Candle and H&M, as well as online shopping platforms such as Etsy.
The food & dining sector follows closely in second with 72 companies. Examples are Chipotle, Chuck E Cheese’s, Domino’s and Hard Rock Café, and delivery services such as DoorDash and Uber Eats. Different services became available gradually in different countries: Burger King Venezuela has been accepting Bitcoin payments since 2020.
New additions to this list are the Grubhub conglomerate, for which you can purchase gift cards with crypto, and various stand-alone pubs and restaurants around the world such as The Pink Cow in Tokyo and Pembury Tavern in London.
Travel & hospitality comes in third with 38 companies accepting crypto payments. These range from commercial airlines such as Norwegian Air and Vueling to private jet hire like Fast Private Jet, LunaJets and PrivateFly. Cruise companies Royal Caribbean and Princess Cruises are also on the list, as well as trip-organizing help sites like GetYourGuide.
Further down on the list, luxury retail is fourth with 35 companies offering the service, among which there are high fashion brands Gucci and Ralph Lauren, luxuryx watches retailer Hublot, as well as jewelers such as Jewelry Affairs and CRM Jewelers.
The top five closes with internet & online services companies, as 32 accept crypto as a form of payment. These companies offer a service available to use online from our phones and laptops, such as Google Play and Spotify, and different VPN services like CyberGhostVPN, ExpressVPN and FrootVPN.
|
Top 10 sectors that offer cryptocurrencies as payment method |
||
| Rank | Sectors | Total |
| 1 | Retail & E-commerce | 76 |
| 2 | Food & Dining | 72 |
| 3 | Travel & Hospitality | 38 |
| 4 | Luxury Retail | 35 |
| 5 | Internet & Online Services | 32 |
| 6 | Entertainment & Media | 29 |
| 7 | Automotive | 20 |
| 8 | Clothes Retail | 16 |
| 9 | Gaming & Software | 16 |
| 10 | Technology & Electronics | 16 |
David Kemmerer, Co-Founder and CEO of CoinLedger commented on the findings: “The increasing number of companies accepting cryptocurrency payments reflects the growing acceptance and adoption of digital currencies in the mainstream economy.
“This trend not only aligns with the evolving preferences of tech-savvy consumers but also offers benefits such as reduced transaction fees and increased security. From major retailers to small businesses, the diversification of sectors embracing cryptocurrencies demonstrates the versatility and potential of blockchain technology. As this trend continues, it’s likely to contribute to the broader acceptance of cryptocurrencies as a legitimate form of payment, paving the way for a more decentralized and accessible financial landscape.”
Source: CoinLedger
The post Study uncovers which industries accept cryptocurrency as payment option appeared first on HIPTHER Alerts.
The blockchain world continues to captivate with its blend of innovation, controversy, and global collaboration. In today’s briefing, we spotlight the latest developments, from token launches to regulatory crackdowns and academic partnerships.
KuCoin Introduces Trump Token on Spot Trading Platform
KuCoin has launched the official Trump Token on its spot trading platform, adding a new layer of political intrigue to the cryptocurrency market. Designed to capitalize on the former U.S. President’s enduring influence, the token represents the intersection of digital assets and cultural zeitgeist. While the move has garnered attention, it also raises questions about the broader implications of politically themed tokens in the blockchain space.
Source: PRNewswire
Trump Immortalized on Bitcoin Blockchain
Donald Trump’s image has been etched into Bitcoin’s blockchain, ensuring his face remains a permanent part of the decentralized ledger. This act highlights the creative and often polarizing ways blockchain technology can be utilized for artistic and symbolic purposes. The incident has sparked debate about the ethical and practical considerations of embedding non-financial data in immutable systems.
Source: Decrypt
Ripple Partners with Ireland’s Trinity College
Ripple has joined forces with Trinity College in Ireland to address pressing blockchain challenges. This partnership aims to advance research and develop innovative solutions to improve blockchain technology’s scalability, efficiency, and security. Such collaborations between academia and industry are vital for fostering the next generation of blockchain breakthroughs.
Source: Crypto.News
SEC Takes Action Against Engineer in GME Rug Pull Case
The U.S. Securities and Exchange Commission (SEC) has charged a New York engineer for orchestrating a rug pull involving a cryptocurrency named GME. The incident underscores the ongoing regulatory scrutiny facing the blockchain industry and highlights the need for robust consumer protection mechanisms to prevent fraudulent activities.
Source: Cryptopolitan
The Gambia’s Blockchain-Powered Digital Infrastructure Plan
The Gambia is embarking on an ambitious project to develop blockchain-powered digital infrastructure. This initiative aims to enhance governance, improve transparency, and boost economic growth. By leveraging blockchain technology, The Gambia seeks to position itself as a trailblazer in utilizing decentralized solutions for national development.
Source: Coingeek
Reflections and Projections
The blockchain ecosystem’s diversity is evident in today’s stories. KuCoin’s launch of the Trump Token and the embedding of Donald Trump’s image on the Bitcoin blockchain illustrate the interplay of culture and technology. Meanwhile, Ripple’s academic partnership with Trinity College highlights the sector’s commitment to solving foundational challenges.
The SEC’s enforcement actions remind us of the importance of regulatory oversight in ensuring the industry’s integrity. Lastly, The Gambia’s forward-thinking adoption of blockchain for national infrastructure development serves as an inspiring example of blockchain’s potential to drive meaningful change.
As the industry evolves, the balance between innovation, regulation, and ethical considerations will remain critical.
The post Blocks & Headlines: Today in Blockchain (KuCoin, Ripple, Trinity College) appeared first on News, Events, Advertising Options.
Bybit Pioneers Copy Trading for Gold & FX Markets for Crypto Communities
-
Blockchain5 days ago
Pelican AI and Christie Capital Announce Launch of Brokered Financing
-
Blockchain Press Releases6 days agoHTX Achieves 100% YoY Trading Volume Growth to $2.4 Trillion in 2024, Powers User Growth to Over 49 Million
-
Blockchain5 days agoBlocks & Headlines: Today in Blockchain (BubbleMaps, Pantera Capital, Week 2025, FP Complete, FP Block, Bybit, FarmX)
-
Blockchain Press Releases4 days ago
Bybit: A Global Favorite Among Full-Time and Professional Traders and the World’s Second-most popular Crypto Exchange
-
Blockchain7 days ago
MiCA Starts Now: What Crypto Businesses Need to Know. Kyrrex and Simplify Labs announce a new webinar for crypto businesses
-
Blockchain7 days ago
Blocks & Headlines: Today in Blockchain (Vault Zero, Ethereum, DAMAC, Mantra, Cardano, FC Barcelona, ArmSwap)
-
Blockchain4 days ago
Sportsbet.io Becomes New Title Partner of Snooker’s Players Championship, Tour Championship and Champion of Champions
-
Blockchain Press Releases3 days agoThe Moskowitz Law Firm, PLLC Announces Preliminary Approval of a Proposed Class Action Settlement on Behalf of Purchasers of Astrals Non-Fungible Tokens and Galaxy Tokens
