Cryptocurrency is overpowering almost every industry whether we know that or not. Its exponential growth over the years has more and more folks go for crypto as an alternative currency. There are many hundred cryptocurrencies and are listed on Coinmarketcap with the quantity increasing steadily every day.
Since cryptocurrencies are decentralized, they have umpteen uses, each more exciting than the next. Many people don’t even know any cryptocurrency real-world applications. In reality, it comes as a surprise to most people who there are actually multiple uses for cryptocurrency in everyday life. Not merely that, applying cryptocurrency for everyday use also lets users reap multiple benefits
There are a large amount of industries that have already started transacting using cryptocurrency. Here’s taking a glance at some of many examples:
1- Travel Industry
You will 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 be able 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 a questionnaire of payment as it pertains to purchasing flights, hotels, car rentals and cruises since 2013! So, if you want to go on a tour, you can do your traveling around the world with the help of your Bitcoins.
2- Real estate
Yes! You may also buy a house using your cryptocurrency! And blockchain is what managed to get possible. Propy.com could be 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 very first international site that has made this possible is Propy.com, they allow users to purchase properties using cryptocurrency.
Depending on the sources, Multiple transactions have 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 is sure to take you by surprise. Education institutions may also be accepting cryptocurrency as a questionnaire of payment! Futurism.com offers you a set of universities in Switzerland, Cyprus, the United States, and Germany too as they now accept Bitcoin payments.
The University of Nicosia which can be in Cyprus is the first accredited university in history to just accept cryptocurrency for not only tuition but additionally for any other fees they might need to pay through Bitpay.
It is very good to see that type of payment is increasing because of its increase in popularity and also since plenty of people now find it easier and easier to use.
4- Fast Food Restaurants
Fast food restaurants may also be an integral part of this entire escapade. One of the first known bitcoin transactions happened over food, with someone utilizing their coins to buy themselves some pizza.
Subway, a very popular brand in the junk food industry, has started accepting cryptocurrency as one of the payment options. Pizzaforcoins is just a company that accepts crypto payments and actually, accept around 50 forms of crypto coins rendering it super-convenient for consumers.
5- De Corrupting Charities
Many people want to do charity, people want to help each other out. However 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 actually need and deserve them may also be stopped
Blockchain and Cryptocurrency help to solve this entire problem. It may be used to deter corruption in addition to prevent fund leaks that occur within charities. The World Food Program (WFP) has already begun and made an effort to make use of blockchain to offer cash assist with the hungry. This cryptocurrency practical use case helps in bringing a positive change in society.