Tech

How to use cryptocurrencies in your daily life

0
cryptocurrencies in your daily life

Last year, El Salvador became the first nation to allow citizens to use Bitcoin in all transactions within the country. Some analysts believe that Bitcoin might become legal tender in other parts of Latin America within the next few years, giving hope that using Bitcoin (and cryptocurrencies in general) in real life will be easier and more common over time.

Cryptocurrency trading and investments have been on the rise for the last few years, either to take advantage of the market’s volatility or to participate to this monetary revolution, increasing the number of people owning cryptocurrencies and willing to spend them in their day-to-day life. Let’s have a look at different ways you can use your coins.

To directly and indirectly pay for goods and services

Despite the reluctance of governments to recognize cryptocurrencies as a real currency, several tokens like Bitcoin are now being used as a means of payment in our daily life to purchase goods and services in companies like Microsoft, Home Depot, AT&T, Whole Foods, Rakuten, Burger King, and some branches of Subway.

Of course, some of the companies mentioned are just dipping their toes in the water and their crypto-related services vary depending on where you are in the world. It is also possible for you to use a debit card that automatically converts your crypto-asset into fiat currencies, so then you can easily use your tokens everywhere.

To get gift cards

While not all online or physical stores accept cryptocurrencies, they usually accept gift cards more easily. That’s why there are different companies like Bitrefill and Coingate focusing on selling gifts cards of many popular shops, like Amazon, eBay, Ikea, Zalando, Macy’s, and Google play, that you can buy with Bitcoins and other tokens.

To travel

Whether you’re a digital nomad looking for a new place to live, or you just want to take a break, you can use your cryptocurrencies to pay your tickets for a flight and other travel-related purchases, especially if you own Bitcoin.

GetYourGuide, Cheapair.com, Travala, Air Baltic, AMC Theatres, as well as Virgin Galactic are some of the most popular tourism players accepting cryptocurrencies.

To quickly transfer funds

The first cryptocurrency launched in 2009 (Bitcoin) was created to allow peer-to-peer transactions via an electronic cash system, thanks to blockchain technology.

The goal was to offer an alternative way for people to own, manage, and spend their money in whatever way they see fit. A large part of today’s successful cryptocurrencies allow very fast, cheap, and permissionless transactions, allowing financial value to be more easily exchanged between two people.

To get paid

If you’re not keen on buying cryptocurrencies, you can simply set up a cryptocurrency portfolio and receive tokens in exchange for a job. There are an increasing number of people integrating cryptocurrency payment options on their website.

One of the biggest advantages is that you don’t have to wait to receive your payments, as transactions are almost instantaneous. Another good reason for getting paid in cryptos is that you’re able to take advantage of the dollar cost average technique to build your crypto-portfolio over time and smooth out the entry price.

To make a donation

Many charities or non-profit organizations are accepting donations in cryptocurrencies like Wikipedia, UNICEF, Greenpeace, SaveTheChildren, Rainforest Foundation, Red Cross, as well as United Way among others.

Helix Piercings: How To Take Care Of Them? 

Previous article

The benefits of online marketing using Google Ads.

Next article

You may also like

Comments

Comments are closed.

More in Tech