Whole Foods and These Other Major Retailers Are Now Accepting Bitcoin
Bitcoinist.com - Tue 14 May 07:55 GMT

Despite the rapid emergence of Nakomoto’s vision sparking bitcoin’s worldwide popularity, everyday use by consumers has been slow to take hold. Much of this is attributed to merchant reticence amid crypto’s volatility and popularity among cybercriminals. Whol…

Whole Foods and These Other Major Retailers Are Now Accepting Bitcoin

  Whole Foods, Nordstrom, and Crate & Barrel can now accept bitcoin and other forms of cryptocurrency at their retail stores.

  Whole Foods, Nordstrom, Crate & Barrel and many other retailers are now able to accept Bitcoin and other forms of cryptocurrency.

  This new payment option is enabled by a partnership between the payments startup Flexa and Gemini, the digital currency exchange run by tireless bitcoin advocates Tyler and Cameron Winklevoss.

  He explains that merchants will (i) get significantly less expensive and fraud-resistant transactions, (ii) can use the same payment hardware they currently use, and (iii) receive payment in fiat currency, not crypto.

  Nevertheless, if people begin to ‘spedn’ more cryptocurrency, it may make sense for these retail giants to accept bitcoin directly and save on processing fees.