Bitcoin Standard: Companies Embrace Bitcoin for Payments and Operations

Bitcoin Standard: Companies Are Embracing Bitcoin for Payments and Operations

The adoption of Bitcoin is constantly evolving, with different players taking the lead at various times. This time, it's businesses that are embracing a Bitcoin standard, accepting Bitcoin for payments, using it for internal operations, and even paying their employees in Bitcoin.

Start9, a company focused on sovereign computing, is a prime example. They use BTCPay, a Bitcoin payment processor, for their transactions and are actively working towards being entirely on a Bitcoin standard.

Matt Hill, founder of Start9, believes that BTCPay is a powerful tool that allows businesses to maintain control over their funds and avoid reliance on third-party custodians. He envisions a future where companies operate solely on a Bitcoin standard, paying employees, suppliers, and accepting payments in Bitcoin.

Other companies are also joining the Bitcoin standard movement:

• Coinkite (Bitcoin security products) offers discounts for payments in Bitcoin.
• Casa (Bitcoin custody company) accepts Bitcoin for their services.
• Proton (private email, storage, and VPN solutions) offers Bitcoin payment options.
• Lunanode (VPS provider) takes Bitcoin and encourages using their services for BTCPay server instances.
• Mullvad VPN, silent.link, Kagi, Namecheap, and Alza are virtual businesses that accept Bitcoin.
• Sweetsats (maple syrup and honey) is a Bitcoin-only physical business.
• Zaprite connects physical businesses like dental clinics and spice shops to accept Bitcoin.

This growing adoption of a Bitcoin standard is not limited to virtual businesses. Retail stores in Prague, Vancouver, Rolante, and other locations are starting to accept Bitcoin, bridging the gap between the physical and digital worlds.

As Bitcoin continues to evolve, more businesses are likely to adopt a Bitcoin standard, receiving payments in Bitcoin, paying employees in Bitcoin, and holding Bitcoin in reserve. This shift towards a Bitcoin standard could fundamentally alter how businesses operate in a world of constant inflation.