Cryptocurrency is taking over nearly every industry whether we realize that or not. Its exponential growth through the years has more and more individuals choose for crypto as a substitute currency. There are several hundred cryptocurrencies and are listed on Coinmarketcap with the quantity increasing steadily every day.
Since cryptocurrencies are decentralized, they have umpteen uses, each more exciting compared to the next. Many people don’t even know any cryptocurrency real-world applications. Actually, it comes as a shock to most people that 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 that have already started transacting using cryptocurrency. Here’s taking a look at some of many examples:
1- Travel Industry
You can find so many ways you should use cryptocurrencies and each use case may come as a shock to you. Surprising because you never expect you’ll have the ability to use your coins like that. Travel is one industry wherein cryptocurrency payments are being integrated. Cheapair.com is a typical example of exactly that.
The organization has been accepting Bitcoin as an application of payment in regards to purchasing flights, hotels, car rentals and cruises since 2013! So, if you’d like to be on a tour, you can certainly do your traveling around the globe with assistance from your Bitcoins.
2- Real estate
Yes! You can even buy a home utilizing your cryptocurrency! And blockchain is what managed to get possible. Propy.com may be the world’s first international property that accepts cryptocurrency as payment to enable you to buy property.
Many companies have now made cryptocurrency payments a fact for buying property. The first international site that has made this possible is Propy.com, they allow users to buy properties using cryptocurrency.
As per the sources, Multiple transactions have already made here such as 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 take you by surprise. Education institutions may also be accepting cryptocurrency as an application of payment! Futurism.com gives you a listing of universities in Switzerland, Cyprus, the United States, and Germany too while they now accept Bitcoin payments.
The University of Nicosia which can be in Cyprus is the very first accredited university ever sold to simply accept cryptocurrency for not just tuition but additionally for every other fees that they might need to pay through Bitpay.
It is fantastic to see that this form of payment is increasing due to the upsurge in popularity and also since lots of people now believe it is easier and easier to use.
4- Fast Food Restaurants
Junk food restaurants may also be a 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 popular brand in the fast food industry, has started accepting cryptocurrency as one of many payment options. Pizzaforcoins is really a company that accepts crypto payments and in fact, accept around 50 kinds of crypto coins rendering it super-convenient for consumers.
5- De Corrupting Charities
Many people might like to do charity, people want to greatly help each other out. Nevertheless the extensive corruption in charities has deterring loads of well-wishers from a part of it. And if the well-wishers stop donating funds then the ones who really need and deserve them may also be stopped
Blockchain and Cryptocurrency help to solve this entire problem. It can be used to deter corruption along with prevent fund leaks that occur within charities. The World Food Program (WFP) has recently begun and made an effort to utilize blockchain to provide cash assistance to the hungry. This cryptocurrency practical use case helps in bringing a positive change in society.