Nowadays, cryptocurrency as a currency or investment tool is familiar in the UK. Some of the most popular cryptocurrencies in the world have been used by many people. Hence, many companies that accept cryptocurrency in the UK already.
Crypto's practicality makes many companies accept cryptocurrencies such as bitcoin and Ethereum as legal payments. The following is a list of companies that accept cryptocurrency in the UK.
Companies That Accept Cryptocurrency in United Kingdom
One of the companies that accept cryptocurrency in the UK is Tesla. Earlier this year, the company announced it would accept Bitcoin payments for US vehicle purchases. In February, Tesla invested $1.5 billion in cryptocurrencies.
Tesla, however, will halt cryptocurrency transactions until more than 50 percent of tokens are mined using renewable energy.
One of the world's biggest software companies, Microsoft, accepts bitcoins as payment for its services. The company started taking bitcoins for the cost of games, apps, and other digital content in 2014.
Microsoft offers the possibility of redeeming Bitcoin as a credit on your account, which Microsoft can use on its services such as Xbox Live, Microsoft 365, OneDrive, and Skype.
In late March, Microsoft launched ION, a blockchain-based authentication platform that uses Bitcoin. The technology generates digital IDs to authenticate online identities instead of payments.
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3. New Egg
The following company that accepts cryptocurrency is an online retailer, New Egg. They sell all kinds of tech, from games consoles to computer components, coffee makers to hoover (and some clothes as well).
Several retailers, including Amazon, Apple, Spotify, Uber, and Google Play, allow users to exchange cryptocurrency for $ 1,350 each.
It is easy to purchase gift cards online using cryptocurrencies with bit pay and other crypto payment networks.
You can use Bitcoin to purchase vouchers for Amazon, ASOS, Spotify, Uber, or any of your favorite retailers. Numerous major UK retailers also accept gift cards via Bit pay, including Tesco, Sainsbury's, Marks & Spencer, John Lewis, Asda, and Argos.
Any merchant operating through a Shopify store can accept bitcoin through the marketplace payments network. Therefore, any merchant using Shopify can accept bitcoin.
Some companies that accept cryptocurrency in the UK are retailers, including Rakuten. One of Japan's largest online retailers recently began accepting bitcoin and other cryptocurrency payments at its merchant locations in the country.
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On its website, Lush, one of the most recognizable beauty retailers in the UK and the US, also belongs to the companies that accept cryptocurrency in the UK list.
Etsy recently allowed sellers to use bitcoin as a payment method. However, Etsy itself does not accept bitcoin as a payment method, but independent sellers who use its platform can take it if they choose. Therefore, it's up to the seller to include a bitcoin payment at checkout.
10. Gift Off
At Gift Off, you can get gift cards to just about every retailer and service that offers them at face value. They have become one of the companies that accept cryptocurrency in the UK.
It also accepts Bitcoin as a form of payment, which means you can use your Bitcoin to purchase vouchers for Amazon, Spotify, ASOS, Uber, or any other retailer that you shop with regularly. You can also buy Love2shop vouchers, used in over 100 different stores.
Overstock is an American furniture and electronics retailer. It became the first major retailer to let customers buy products with Bitcoin under Patrick Byrne, the former CEO of Overstock. It even announced in early 2019 that it would pay a portion of its business taxes with Bitcoin.
Many restaurants and coffee chains accept bitcoin as a form of payment in the UK. The restaurant companies that accept cryptocurrency in the UK are Pizza Express, Wagamama, Brasserie Blanc, and Caffe Nero.
Takeaway platforms Uber Eats, Eat, Deliveroo, Pizza Huts, and Domino's Pizzas also accept bitcoin.
As of November, Mastercard said it would allow partners to offer consumers the chance to buy, sell, and hold crypto using digital wallets.
Through loyalty programs, they offer customers digital currencies as well. Instead of loyalty points, customers would earn and spend cryptocurrencies.
To provide its customers with crypto services, American Express is partnering with Bakkt Holdings Inc, a digital assets platform founded by NYSE-owner Intercontinental Exchange in 2018.
At the end of March, Visa announced it would begin accepting cryptocurrency payments through Crypto.com. It will now receive USD Coin (USDC), a stable coin pegged to the US dollar.
On PayPal's website and mobile app, users in the UK can now trade Etherium, Litecoin, and Bitcoin Cash. In October, PayPal announced that US users could now buy, sell, or hold a few cryptos, including Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.
16. Flight center
Travel companies such as Flight Center and Airbaltic accept bitcoin as payment for transactions through Bitpay. Private jet and yacht companies such as PrivateFly, JetFinder, and The Yacht Break also accept bitcoin as a payment method.
One of the companies that accept cryptocurrency in the UK is Expedia. Through a partnership with Coinbase, Expedia, the online travel agency, accepts bitcoin as a form of payment.
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18. The Kessler Collection of hotels
The Kessler Collection of hotels is one of the first high-end hotel chains to accept bitcoin. Hotel guests can pay through BitPay via their crypto wallets, and guests will send invoices by email.
In 2014, airBaltic became the first airline to accept Bitcoin for fares. Since the company launched bitcoin payments seven years ago, more than 1,000 transactions have been processed. Following its example, another eastern European airline, LOT Polish Airlines, did the same the following year.
Travala is a travel booking platform that lets you book hotels and flights worldwide with Bitcoin. There are now 700,000 hotels on the website that you can book with over 30 different cryptocurrencies.
Since cryptocurrencies start getting popular in the UK, it's not surprising that the list of companies that accept cryptocurrency in the UK keeps growing. This list is sure to grow over time.***