The major retailers accepting bitcoin in Australia include Microsoft, Overstock.com, LRoS, ShopJoy, CheapAir.com, Bit Trade Australia, Playboy TV Enterprises, and Subway Company. Many large companies have accepted bitcoin as one of their valid digital currency with a speculative investment that people can buy and sell to build a diversified portfolio. It’s becoming easier to spend Bitcoin on everyday things, in Australia and most of the activity is focused on major urban centers like Melbourne, Sydney among others. The Australian sellers are now progressively totaling up to the digital coins, as an accepted means of payment. Let’s examine theses retailers and businesses that accept bitcoin as payment.
Being the leading major retail company, that manufactures computer software, sells hardware and electronic services, it has since upturned its progression and is now allowing people to add Bitcoin to their Microsoft- authorized digital wallet. It is important to note that when users use bitcoin as a payment method, they only use it to purchase games, movies, and apps in their windows and Xboxes stores. Additionally, they use a payment service provider known as Bit pay which is popular among major e-commerce platforms like Shopify.
It’s one of the most popular online stores in Australia that focuses on giving its customers the best online deals that helps you discover and even purchase designer brands and home products at affordable prices. The company partners with Coinbase, a Bitcoin platform, enables quick and secure online payment and in addition, the consumer can buy, sell, send and receive bitcoin easily. Payment options are certainly an advantage for customers. It also sells big-ticket items at lower prices due to overstocking.
Living Room of Satoshi (LRoS)
This allows anyone to pay their everyday Australian bills from credit card bills to electricity using cryptocurrency, especially Bitcoin. Using LRoS is safe and secure. This is because a legal requirement is required during the verification process of the customer’s identity in order to avoid money laundering. There is no fee charged when using Living Room of Satoshi as the exchange rate that you have been quoted includes the fee. This company makes money on the difference between the price at which it buys and sells currency.
This is an online retailer company that sells high-quality novelty and unique gifts. The gifts are suitable for various occasions such as birthdays, Christmas presents and even valentines. ShopJoy also uses visa, MasterCard and PayPal for payment. Given the different types of digital currency, this company picked Coinbase due to its wide adoption by both the consumers and well-known merchants. This has led to the company promoting Bitcoin usage more widely because the payment is leading to smooth operations of the company. Though the rise of digital currency is inevitable, many Australians still hesitate to try Bitcoin payment.
This travel reservation site for airline tickets, hotels, and car rentals was announced to be the first online travel agency that accepted bitcoin payment method. It is a leading merchant in the digital currency providing flight fares which are relatively cheap as compared to official airline websites. The acceptance of this digital currency comes about due to the demand from the customers. Any purchase made using this site guarantees a Price Drop Payback protection offering a one-hundred-dollar payback if airfares go down after purchase. Bitcoin has taken over the cryptocurrency marketplace making it widely recognizable.
Bit Trade Australia
This is a startup company that draws on its team’s years of financial strategy experience to buy and sell bitcoin on behalf of its customers with other buyers and sellers. It is Australia’s longest digital currency exchange, having an agreed and optimized rate by combining local and global exchange books to provide customers with the best prices. They give control to their users by sending the purchased cryptocurrency to the client’s wallet directly. The sign-up and verification process is fast, simple and secure providing satisfaction and guarantee of excellent service.
Playboy TV Enterprises
This is a retail company that offers entertainment exclusively for adults through a television network. The company, which is owned by Mind Geek, has experienced tremendous popularity and success in recent years. The company presently accepts bitcoin as a form of payment, thereby covering a wider market, considering the fact that many people currently prefer this payment system. The Adult exclusive media attracts a larger age group in the social class and its prowess is inclined to the privacy it assures its customers. Accepting bitcoin payment is good for the company in terms of its success. The company offers exclusive adult entertainment in the form of motion pictures, it also offers first-run television series and specials as per the interests of customers. Playboy TV offers its services internationally across countries such as Sweden, Norway, Canada, Australia, and even Israel. Since the discovery of bitcoin in 2009, many nations have adopted this form of payment, pushing organizations to do so as well, in order to maintain and attract more customers.
This is yet another company that has included or rather adopted bitcoin payments in its operations. Given the increased interest in bitcoin, the subway organization has opted for the inclusion of bitcoin currency in its payments to not only attract more customers but also keep updated with modern technology. The company currently offers this form of payment in all its retail locations across the country. Customers all over the country can now stop at these retail shops and eat fresh foods after they pay with bitcoin. Since the company decided to include this form of payment, it has experienced a surge in its sales. This followed shortly after the Senate of the United States passed bitcoin to be a legal form of exchange. Adopting bitcoin payment is beneficial for the company considering the profit they have made, and that they are yet to make.
In Conclusion, Bitcoin is the largest and most known digital currency. It has taken over the cryptocurrency marketplace, where companies allow their online products to be bought using bitcoin. An extreme form of transfer and earning of bitcoin is maintained, leading to increased Bitcoin value. This helps or harms the company directly or indirectly. This inflation can be an advantage to businesses unless the market is valuing coins extremely high. This is the only scenario where businesses can be harmed. Bitcoin is a speculative tool that people hold onto in order to build a diversified portfolio.