Cryptocurrency is taking over virtually every industry whether we understand that or not. Its exponential growth over the years has more and more folks choose crypto as a substitute currency. There are many hundred cryptocurrencies and are all listed on Coinmarketcap with the quantity increasing steadily every day.
Since cryptocurrencies are decentralized, they’ve umpteen uses, each more exciting compared to next. Most people don’t even know any cryptocurrency real-world applications. In fact, it comes as a shock to the majority of people who there are actually multiple uses for cryptocurrency in everyday life. Not merely that, applying cryptocurrency for everyday use also lets users reap multiple benefits
There are certainly a lot of industries which have already started transacting using cryptocurrency. Here’s taking a review of some of many examples:
1- Travel Industry
You can find so many ways you can use cryptocurrencies and each use case will come as a shock to you. Surprising because you don’t expect you’ll be able to use your coins like that. Travel is one particular industry wherein cryptocurrency payments are increasingly being integrated. Cheapair.com is a typical example of exactly that.
The business has been accepting Bitcoin as an application of payment when it comes to purchasing flights, hotels, car rentals and cruises since 2013! So, if you want to go on a tour, you certainly can do your traveling around the world with assistance from your Bitcoins.
Yes! You may also buy a house making use of your cryptocurrency! And blockchain is what managed to get possible. Propy.com may be the world’s first international real estate that accepts cryptocurrency as payment to enable you to buy property.
Many companies have now made cryptocurrency payments a reality for buying property. The first international site which has made this possible is Propy.com, they allow users to get properties using cryptocurrency.
Depending on the sources, Multiple transactions have previously made here including the purchase of some spectacular villas in Indonesia worth 1000 BTC in 2014, 3 acres of land in Paradise Bay and 157,000 BTC home in Vegas.
This one will certainly take you by surprise. Education institutions will also be accepting cryptocurrency as an application of payment! Futurism.com offers you a set of universities in Switzerland, Cyprus, the United States, and Germany too while they now accept Bitcoin payments.
The University of Nicosia which is in Cyprus is the first accredited university ever sold to accept cryptocurrency for not only tuition but in addition for any other fees they may need to pay through Bitpay.
It is very good to see that type of payment is increasing due to its upsurge in popularity and also since plenty of people now find it easier and far more convenient to use.
4- Fast Food Restaurants
Fast food restaurants will also be an integral part of this entire escapade. One of many first known bitcoin transactions happened over food, with someone utilizing their coins to buy themselves some pizza.
Subway, a very popular brand in the fast food industry, has started accepting cryptocurrency as among the payment options. Pizzaforcoins is a company that accepts crypto payments and actually, accept around 50 types of crypto coins rendering it super-convenient for consumers.
5- De Corrupting Charities
Most people wish to accomplish charity, people want to simply help each other out. Nevertheless the extensive corruption in charities has deterring lots of well-wishers from an integral part of it. And if the well-wishers stop donating funds then the ones who must have and deserve them may also be stopped
Blockchain and Cryptocurrency help to solve this entire problem. It can be used to deter corruption in addition to prevent fund leaks that occur within charities. The World Food Program (WFP) has already begun and made an attempt to make use of blockchain to offer cash assistance to the hungry. This cryptocurrency practical use case helps in bringing a confident change in society.