More American Shops Allow Crypto Payments

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Last Updated on 17 October 2022 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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In May 2010, a young computer geek named Laszlo Hanyecz used some 10,000 Bitcoins to buy two pizzas at the then popular chain of Papa Johns pizza. That American pizza chain was one of the first to allow payments in digital currencies. At a current value of $19,000 per bitcoin, that means Laszlo bought the most expensive takeaway ever, worth some $100 million per pizza. He has since become known as the ‘Bitcoin Pizza Guy’.

Meanwhile, crypto payments have become so common in the USA that more and more stores are allowing them. According to a recent Deloitte study, 75% of all major chains plan to allow crypto payments in one form or another within the next two years.

Also, 80% of all chains realize that the brands which already allow digital coins as payment are one step ahead of the others.

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Adoption

About 40% of all millennials and GenZers who own digital coins want to use them to make purchases. When you combine those two data sets, you get to an incredibly large adoption of crypto in the coming years.

Wholefoods, the popular supermarket currently owned by Amazon, has been accepting Bitcoin payments for about a year now, via a payment app. The retail chain, which specializes in fresh food, knows that its clientele is a fan of digital coins and is a frontrunner to other supermarkets. Deloitte estimates that all other supermarket chains will be obliged to follow Wholefoods’ lead.

Among the fast food chains, Chipotle, the chain that specializes in Mexican cuisine, stands out. They organized competitions to “buy the dip” via a game and have for years already allowed payments for your meal in crypto.

Gamestop, the popular video game retailer whose WallStreetBets members are big fans, has also recently started accepting crypto.

In essence, the adoption of digital currencies is getting stronger and more mainstream.