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7 Best Stablecoins to Buy Now https://money.usnews.com/investing/cryptocurrency/slideshows/what-is-the-best-stablecoin-list?src=usn_tw
Transparency and regulation are key factors in stablecoins' fates.
The value of digital assets known as stablecoins is pegged to an external asset, such as gold or fiat currency, leading to their early reputation for reliability. But that stability was called into question when the third-largest stablecoin, TerraUSD (UST), abruptly "de-pegged" from the U.S. dollar in May, eventually plunging to less than a cent on the dollar and triggering the collapse of its sister token, LUNA. In addition to raising questions about risk transparency, "stablecoins have become a major concern for governments who fear that they will eventually pose serious competition against the sovereignty of their national currencies," says Will Evans, managing director of the Americas for the crypto exchange CEX.IO. As cryptocurrency investors, including a growing number from emerging markets, dip their toes back into the diverse pool of stablecoins, some naturally may wonder how secure these investments really are. Many experts agree, though, that they are here to stay in some form. Here are seven of the best stablecoins for investors to look at now.
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Bitcoin has taken over the cryptocurrency market. It is the most widely-known and well-known digital currency. Many large corporations accept Bitcoin as a legal source of funds.
Your company will be a status symbol in 2021 if it dares to accept Bitcoin and challenge the status quo. Many companies have benefited from being early adopters, whether for marketing or keeping up with the times. Some significant companies accept Bitcoin, as credit cards are becoming less popular online.
Government agencies are accepting Bitcoin. The Phoenix suburb of Chandler began allowing residents to pay their utility bills using bitcoin linked to PayPal accounts in March 2022. The municipality uses Invoice Cloud to convert cryptocurrency payments to cash, eliminating market volatility risk.
THE LIST OF COMPANIES ARE GIVEN BELOW:
1. MICROSOFT:
Microsoft
Since 2014, Microsoft has accepted Bitcoin in its online Xbox Store. Microsoft has been accepting Bitcoin in its online Xbox Store since 2014. They temporarily stopped accepting it because of volatility but now accept it for Xbox store credits.
Bill Gates often commented on Bitcoin, saying, “Bitcoin’s better than currency.”
The company will allow you to use Bitcoin to top up your Microsoft account. The company had previously stopped accepting cryptocurrency but soon resumed service.
2. PAYPAL:
Paypal
On the PayPal app, you can buy four types of crypto: Bitcoin, Ethereum, and Lite Coin. Experts recommend that you stick to Ethereum and Bitcoin if your first investor. You will need funds to complete your purchase.
PayPal is one of the most popular online and mobile payment platforms that allows users to purchase, sell and hold cryptocurrencies starting at $1. If you want to add crypto to your portfolio, it is essential to consider the platform you choose and whether or not you should invest in it.
3. OVERSTOCK:
OVERSTOCK.COM
Overstock is currently the leader in both the cryptocurrency and shopping industry. Overstock accepts multiple cryptocurrency types, not just bitcoins.
Overstock is not only accepting bitcoin, but they also hold it! These vendors are best suited to serve the bitcoin community. These vendors are committed to the long-term and don’t just use Bitcoin for marketing purposes. Make sure you choose Bitcoin for payment during checkout.
CNN reported that Overstock was “basically, a cryptocurrency company now” in 2018. This exaggeration was based on the retailer’s considerable investment in blockchain technology. Before COVID helped Overstock achieve its current status as one the most popular e-commerce platforms, it was already an experienced Bitcoin merchant.
4. WHOLE FOODS:
Whole Foods
Whole foods have partnered with Winklevoss Flexa’s spending app Spedn. The Spedn app allows you to buy whole food groceries with Bitcoin, Lite Coin, or the Gemini Dollar. However, the Spedn app is not limited to whole foods. Baskin Robbins, Jamba Juice, and Regal Cinemas are just a few merchants who are now ready to jump on Bitcoin.
Instantly, the technology converted Bitcoins to dollars for seamless purchases. Whole Foods was one of the first big retailers to adopt this technology. Whole Foods is owned and operated by Amazon. However, Amazon does not accept Bitcoin payments for orders made through its most significant online retailer.
5. ETSY:
ETSY
Etsy doesn’t offer a Bitcoin payment platform, but independent sellers can accept cryptocurrency in their shops. The seller can add another payment option to their checkout. Buyers can click this option to send a message to the seller indicating their preferred payment method — Bitcoin. To complete the transaction, the seller will reply with a Bitcoin address. A special section of the Etsy Community forum is dedicated to Bitcoin. It contains tutorials on how sellers can advertise they accept Bitcoin and how to make it go smoothly.
6. STARBUCKS:
Starbucks
The Bitcoin community was initially disappointed by Starbucks’ announcement that it would accept Bitcoin payments in its stores starting in 2019. Starbucks later admitted that the reports were incorrect on two fronts. They would not accept Bitcoin payments directly. They would instead partner with Bakkt, the future’s cryptocurrency exchange. Second, Bitcoin payments will not be accepted until the Bakkt app launches mid-2020.
This app is now available, and you can use it to make Bitcoin payments at Starbucks.
7. NEWEGG:
Newegg
Newegg is well-known in the cryptocurrency community as a place to purchase cryptocurrency mining hardware. They offer a wide range of hardware at all price points.
Newegg accepted bitcoin to purchase their hardware, recognizing their popularity within the cryptocurrency community.
8. HOME DEPOT:
Home Depot
Home Depot also uses Winklevoss/Flexa, the system that allowed Whole Foods, without investing in new hardware, to accept Bitcoin via its digital scanners. No matter the payment they accept or how much, retailers must submit balance sheets in dollars. This was a long-standing problem for companies that wanted to accept Bitcoin. Flexa instantly converts Bitcoin into dollars, giving both sides what they need. Home Depot receives the green dollars it needs in exchange for its paint and Ryobi tools.
9. RAKUTEN:
Rakuten
In 2015, Rakuten, a Japanese website, began offering Bitcoin as a payment option. The company began with Rakuten.com in the U.S. before expanding the service to Rakuten.com, Germany, and Austria. Rakuten made this possible by integrating Bitnet’s payment processing platform into its marketplaces. Rakuten Wallet has been developed since then and now supports altcoins such as Bitcoin Cash or Ethereum.
10. TWITCH:
Twitch
There is a lot of overlap between people who are into Bitcoin and those who like to play video games. Twitch can stream various activities online, but gamers primarily use it to broadcast their gameplay to other fans. Bitcoin is an excellent way for you to support your favorite streamers and keep your identity private.
11. CHEAP AIR:
CheapAir.com
Cheapair.com, American online travel agency, founded in 1989 has accepted Bitcoin through Coin Base. Later on, their payment process was changed to BTC Pay Server.
You can still buy flights with a credit card or Western Union if you are not following the Bitcoin craze. But, if you have been following this trend, we hope that you are as fascinated by this progressive digital payment.
12. AMC THEATRES:
AMC Theatres
AMC, a renowned American movie theatre chain, announced that it would begin accepting Bitcoin payments for movie tickets by 2021. This option will be available in all AMC US theaters.
According to Adam Aron, AMC CEO, theatergoers can pay with bitcoin, Ethereum, and bitcoin cash, as well as Lite Coin.
13. AT&T:
AT&T
AT&T was the first primary US mobile carrier to accept bitcoin. You can make direct payments, but you can still pay your bill via Bit Pay. When you log in to your account via a computer or my AT&T app, select Bit Pay as your payment method.
14. DISH NETWORK:
Dish Network
DISH, the first Pay-TV provider to accept Bitcoin in 2014, announced today that it now uses BitPay, the world’s largest blockchain payments provider, for Bitcoin Cash and Bitcoin Cash transactions.
DISH customers can use Bitcoin Cash and Bitcoin Cash to pay for monthly subscriptions and pay-per-view movies and events. DISH customers can send the exact amount of Bitcoin and Bitcoin Cash required to make one-time payments via push transactions on my.dish.com.
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