5 Most beneficial Applications in Cryptocurrency!

Cryptocurrency features a great ‘attractiveness’ quotient attached with it. More and more individuals are looking to know the dynamics of how a cryptocurrency works and what more can be achieved with it. The style that originated in 2009 took its time and energy to grow but within the last few five years, it has really established itself in the financial markets. Those people who are miners and those people who are investors have reaped in the benefits of cryptocurrency through buying, selling and trading. Investments in cryptocurrency have yielded 8-10 times profits to investors who started early and have already been constantly tracking their investments.

Trading of cryptocurrency is now an established process that you can do with digital money. However bitcoin casino sites, as it this concept is strengthening its foothold, there are many options checking for it. Here are uses of cryptocurrency, some of that you simply aware of though some would come as a shock:

1. Investment/Trading

Cryptocurrency is an excellent way to multiply your money. Once you obtain cryptocurrency at your fingertips, you can decide how much to spend as a result and how much to invest. However, getting cryptocurrency from a dependable source is extremely important. Cryptocurrencies come in many names like Bitcoin, Ethereum, Ripple, Indus Coin etc. While planning for purchasing these, you will need to test the authenticity of the service provider. Determine if they display the ticker rate and symbol on the page and the exchanges where you can trade your cryptocoins.

For e.g. when you buy from the cryptocurrency exchange like Indus Coin, you will clearly understand the features and benefits offered for you on purchase of cryptocoins. The wallet that they will provide for you will undoubtedly be encrypted with all the safety features in-built. Technologically also, they’re sound with P2P networking, dBFT consensus and digital certificates all in place.

After you have determined the source of one’s cryptocurrency, you can avail off the services given by cryptocurrency exchanges for trading. Customer service is another aspect that you need to check considering that the currency is digital and payments are instant. Once all this is on order, you can invest your currency for trading and watch your money grow manifold.

2. Purchase travel

The travel industry is opening to the prospect of using cryptocurrencies like never before. Hotel stays, air travel and packages are now able to be bought using cryptocoins. Travel operators offering customized packages find the idea of cryptocurrency really convenient since there are no conversions required when you pay using cryptocoins and it is the fastest approach to payment from an inter-country perspective as you will find no middle men involved. This works out to be the cheapest method since there is no percentage kept with the banks or financial institutions once they route your payment.

3. Purchase education

Wherever you will find diversities to arrive, cryptocurrency will undoubtedly be preferred. In the event of educational services, payments done by students to colleges (mostly fees) have been complex. Account transfers, wire transfers, foreign currency demand drafts and such instruments are the most popular methods. However, all of these attract yet another fee when you make the payment. Moreover, they’re not instantaneous. Students across the planet have already been searching for options that can ease this burden for them.

Cryptocurrency contains the power to improve this scenario and allow it to be simple. University of Nicosia, Cyprus is the initial accredited university in the world that’s officially accepted Bitcoin as a mode of payment. The payment comes through the processor Bitpay and it can be achieved in BTC. The University truly values the potential of the digital currency and has even started a class called Masters Degree in Digital Currency to get ready specialists for the future.

4. Crowd Funding

Crowd funding is really a unique method of utilizing your cryptocurrency. Just as how some other crowd funded business works, here you can also put your money on somebody else’s business and be part of his success. Many companies that provide funds to new businesses have created a platform using cryptocurrencies for e.g. crowd funding company called Lighthouse features a platform of Bitcoin.

Just how it works is as you are able to donate your money from your own wallet to the business for a certain business. You will find no costs for the donation until your money is delegated to a certain project and that particular company meets its goals and objectives. Your funds remains safe with the crowd funding company until the project has met its criteria. This is a superb way to invest your cryptocoins and completely hassle free. You can even withdraw the donation at any point of time. Cryptocoins like Altcoin, Dogecoin will also be popular for crowd funding besides Bitcoins.

5. Common daily purchases

Coffee shops, pizza outlets and grocery chains are opening as much as accepting this new type of payment. You can transact at these outlets in the normal manner and pay up using your cryptocurrency wallet. Wal-Mart is one of the biggest names which have associated itself with cryptocurrency. Besides these, TigerDirect, NewEgg and OverStock will also be names which come in this category.

Inclusion of cryptocurrency in everyday life has led to an enormous change towards perception of cryptocurrency and also for clearing the skepticism that the normal man still faces over the idea of digital currency.

Leave a Reply