Could Costco Accept Bitcoin As Payment?

Nowadays, more and more companies are increasingly willing to accept payments in Bitcoin. Hence, it is no surprise that there is speculation whether the big-box retailer Costco (COST) is going to accept payments in Bitcoin from its customers. Since the volume of payments processed at a retailer is so high, it could prove to be a major boost for Bitcoin.

Could Costco Accept Bitcoin As Payment?

On the other hand, there are many big-ticket companies that are now considering the possibility of accepting payments in Bitcoin. For instance, EV manufacturer Tesla recently announced that it is going to allow its customers to pay for electric cars in Bitcoin.

Bitcoin has been regarded as a store of value and an investment vehicle, but not necessarily as a payments tool. However, that might be about to change with the latest move from Tesla. Tesla is a big enough name that can actually bring about a shift in policies among companies. In the context of Costco, it is important to point out that Home Depot accepts payments by Bitcoin. Starbucks and Microsoft are other two major names that have gone in the same direction as well. Since so many companies have gone in that direction, it might not be a surprise if Costco soon starts considering such a move.

Richard McEntire

Finance and Entertainment ReporterRichard is a bottle of wine - the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.