Cryptocurrency is taking over nearly every industry whether we know that or not. Its exponential growth through the years has more and more folks decide for crypto as a substitute currency. There are numerous 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 next. Many people don’t even know any cryptocurrency real-world applications. In fact, it comes as a surprise to the majority of people who there are in fact multiple uses for cryptocurrency in everyday life. Not merely that, applying cryptocurrency for everyday use also lets users reap multiple benefits
There are always a large amount of industries which have already started transacting using cryptocurrency. Here’s taking a look at some of the numerous examples:
1- Travel Industry
There are so many ways you need to use cryptocurrencies and each use case will come as a surprise to you. Surprising because that you don’t expect to manage to use your coins like that. Travel is one such industry wherein cryptocurrency payments are now being integrated. Cheapair.com is a typical example of exactly that.
The business 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 go on a tour, you can do your traveling all over the world with the aid of your Bitcoins.
Yes! You may even buy a home utilizing your cryptocurrency! And blockchain is what managed to get possible. Propy.com is 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 fact for buying property. The first international site which has made this possible is Propy.com, they allow users to get 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 1 will certainly get you by surprise. Education institutions will also be accepting cryptocurrency as an application of payment! Futurism.com gives you a list of universities in Switzerland, Cyprus, the United States, and Germany too because they now accept Bitcoin payments.
The University of Nicosia which can be in Cyprus is the initial accredited university ever to just accept cryptocurrency for not just tuition but also for every other fees which they might need to pay through Bitpay.
It is fantastic to see that type of payment is increasing because of its upsurge in popularity and also since plenty of people now think it is easier and easier to use.
4- Fast Food Restaurants
Junk food restaurants will also be part of this entire escapade. One of the first known bitcoin transactions happened over food, with someone employing 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 really a company that accepts crypto payments and in fact, accept around 50 kinds of crypto coins which makes it super-convenient for consumers.
5- De Corrupting Charities
Many people wish to accomplish charity, people want to greatly help one another out. Nevertheless the extensive corruption in charities has deterring plenty of well-wishers from part of it. And if the well-wishers stop donating funds then a ones who must have and deserve them is likewise stopped
Blockchain and Cryptocurrency help to resolve 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 begun and made an endeavor to use blockchain to give cash assist with the hungry. This cryptocurrency practical use case helps in bringing a confident change in society.