2021 started with the rise in the value of Bitcoin. A milestone of $51,000 of cryptocurrency decline on 18 February. While Bitcoin is gaining more value among analysts every day. Recently, Dan Ives a Wedbush analyst determined in his note to his client that bitcoin is now not a price game but more than that. He determined that in the coming ten years the boost in bitcoin and its increasing acceptance will have significant impacts. Due to the current growth of Bitcoin, the analysis who are doubtful of cryptocurrency have started to think about other options which are Bitcoin. The current week was analysed by JPMorgan and he warned that the price of Bitcoin is unsustainable due to the volatility and flux as the company was planning to accept Bitcoin in the recent reports. More popularity and legitimacy have been gained by Bitcoin in the business world and mainstream consciousness as time is passing. The world is taken into a storm by Bitcoin, which has found new cryptocurrency standards and has determined its true importance in today’s world. In simple words, Bitcoin is a kind of virtual currency or cryptocurrency. Cryptocurrency is virtual cash not physical cash just like pounds or dollars sterling. Currently, there are many other kinds of cryptocurrency, name some of them are Tether, Ethereum, and XRP. However, among all kinds of cryptocurrencies, the most popular, important, and the original one is Bitcoin. Bitcoin was invented in 2009 by Satoshi Nakamoto. Read this article and you will get an idea about Top 10 Companies That Accept Bitcoin as shared by Insider Monkey.
One of the companies is USAA. The total assets of the company are $173,732.6 million. The company has a total workforce of 32,896 people. A financial service firm USAA offers banking solutions to the military and veterans in the US. Virtual currency wallet was offered by the company in 2016 for the individuals who had Bitcoin and were the members of the company program. USAA invested in a company named Coinbase which was a startup initiated in 2015 and the company program is operated by this startup. Bitcoin accounts hold all the details of users’ money along with the physical money in the company. Another company is The Home Depot, Inc. In the United States, the largest retailer of home improvement is Home Depot. Bitcoin payments are accepted by the retail company, through the mobile wallet app named Flexa which relates to the retail store’s checkout systems. Check out this article 15 Biggest Companies That Accept Bitcoin to read about other companies.