Cryptocurrency is overpowering nearly every industry whether we realize that or not. Its exponential growth over the years has more and more individuals decide for crypto as a substitute currency. There are many hundred cryptocurrencies and are typical listed on Coinmarketcap with the quantity increasing steadily every day.
Since cryptocurrencies are decentralized, they’ve umpteen uses, each more exciting compared to the next. Most people don’t even know any cryptocurrency real-world applications. In reality, it comes as a surprise to many people that there are in fact multiple uses for cryptocurrency in everyday life. Not only 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 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 surprise to you. Surprising because you don’t be prepared to manage to use your coins like that. Travel is one industry wherein cryptocurrency payments are increasingly being integrated. Cheapair.com is a good example of exactly that.
The company has been accepting Bitcoin as an application of payment as it pertains to purchasing flights, hotels, car rentals and cruises since 2013! So, if you would like to be on a tour, you can do your traveling all over the world with assistance from your Bitcoins.
2- Real estate
Yes! You may also buy a residence making use of your cryptocurrency! And blockchain is what caused it to be possible. Propy.com could be the world’s first international real estate that accepts cryptocurrency as payment to enable you to purchase property.
Many companies have now made cryptocurrency payments a fact for buying property. The initial international site which has made this possible is Propy.com, they allow users to purchase properties using cryptocurrency.
Depending on the sources, Multiple transactions have previously made here like 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 1 will take you by surprise. Education institutions will 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 that will be in Cyprus is the initial accredited university in history to accept cryptocurrency for not just tuition but additionally for any other fees that they may need to pay through Bitpay.
It is excellent to see that kind of payment is increasing due to the upsurge in popularity and also since lots of people now find it easier and easier to use.
4- Fast Food Restaurants
Fast food restaurants will also be part of this entire escapade. One of many first known bitcoin transactions happened over food, with someone employing their coins to purchase themselves some pizza.
Subway, a highly popular brand in the junk food industry, has now started accepting cryptocurrency as one of the payment options. Pizzaforcoins is just a company that accepts crypto payments and in fact, accept around 50 kinds of crypto coins making it super-convenient for consumers.
5- De Corrupting Charities
Most people wish to accomplish charity, people want to simply help one another out. Nevertheless the extensive corruption in charities has deterring loads of well-wishers from part of it. And if the well-wishers stop donating funds then a ones who absolutely need and deserve them is likewise stopped
Blockchain and Cryptocurrency help to fix 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 begun and made an effort to make use of blockchain to give cash help the hungry. This cryptocurrency practical use case helps in bringing a confident change in society.