Cryptocurrency is overpowering virtually every industry whether we understand that or not. Its exponential growth over time has more and more people opt for crypto instead currency. There are several hundred cryptocurrencies and are all listed on Coinmarketcap with the amount increasing steadily every day.
Since cryptocurrencies are decentralized, they have umpteen uses, each more exciting compared to the next. Most people don’t even know any cryptocurrency real-world applications. In fact, it comes as a surprise to the majority of people that there are in fact multiple uses for cryptocurrency in everyday life. Not just that, applying cryptocurrency for everyday use also lets users reap multiple benefits
There are always a large amount of industries that have already started transacting using cryptocurrency. Here’s taking a review of some of the numerous examples:
1- Travel Industry
You can find so many ways you should use cryptocurrencies and each use case will come as a surprise to you. Surprising because you never be prepared to have the ability to use your coins like that. Travel is one particular industry wherein cryptocurrency payments are being integrated. Cheapair.com is a good example of exactly that.
The company has been accepting Bitcoin as an application of payment in regards to purchasing flights, hotels, car rentals and cruises since 2013! So, if you want to take a tour, you can do your traveling all over the world with assistance from your Bitcoins.
Yes! You may even buy a residence using your cryptocurrency! And blockchain is what managed to get possible. Propy.com is the world’s first international property that accepts cryptocurrency as payment allow you to get property.
Many companies have now made cryptocurrency payments a reality for buying property. The first international site which includes made this possible is Propy.com, they allow users to buy properties using cryptocurrency.
As per 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 is sure to get you by surprise. Education institutions will also be accepting cryptocurrency as an application of payment! Futurism.com offers you a listing of universities in Switzerland, Cyprus, the United States, and Germany too as they now accept Bitcoin payments.
The University of Nicosia that will be in Cyprus is the very first accredited university in history to just accept cryptocurrency for not only tuition but additionally for any fees they may need to pay through Bitpay.
It is excellent to see that kind of payment is increasing due to the increase in popularity and also since plenty of people now think it is easier and easier to use.
4- Fast Food Restaurants
Fast food restaurants will also be an integral part of this entire escapade. One of the first known bitcoin transactions happened over food, with someone employing their coins to get themselves some pizza.
Subway, a remarkably popular brand in the fast food industry, has now started accepting cryptocurrency as one of the 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
Most people want to do charity, people want to greatly help one another 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 really need and deserve them is likewise stopped
Blockchain and Cryptocurrency help to fix this entire problem. It can be utilized to deter corruption in addition to prevent fund leaks that occur within charities. The World Food Program (WFP) has already begun and made an endeavor to utilize blockchain to provide cash assist with the hungry. This cryptocurrency practical use case helps in bringing an optimistic change in society.