The Benefits of Crypto
What is crypto?
I know that most of you have already heard about crypto but there are still some people who have some blind spots about this topic. Cryptocurrency can be used online for goods and services, but only online. Many companies have seen some opportunities in this and released their own currencies, often called tokens, and these can be traded specifically for the good or service that the specific company provides, like Facebook Libra. Think of them as some sci-fi chips.
On the base of Crypto, there is a technology called blockchain. Blockchain is a decentralized technology spread over many computers that handle and records all the crypto activities. The most attractive part of this technology or method is its security. That’s cryptocurrency 101 for you.
Ways to use crypto
The emergence of digital token-based fundraising has allowed anyone on the Internet to become an investor into startups, mostly in the tech industry. This procedure is called initial coin offerings (ICOs) which is an official new form of fundraising that provides startups with the opportunity to evolve by giving a newly-created digital token to early backers of the project. All this works for exchange for established cryptocurrencies such as bitcoin (BTC) or ether (ETH).
In the past, this whole procedure was so much harder, but the advent of cryptocurrency has opened these opportunities up to a much broader spectrum of investors.
Due to the explosive growth of the cryptocurrency system in the past decade, it is now possible to travel the world by having only cryptocurrencies with you.
Established travel companies such as CheapAir and Destinia accept bitcoin to book flights, car rentals, and hotels. Those who prefer to stay in a house when traveling can reserve accommodation using bitcoin (BTC) or ether (ETH) on CryptoCribs. Now there are also plenty of crypto-based ATMs worldwide which can help a lot of tourists from all over the world.
Have you ever run out of food and all you had was crypto? Well, probably not. But in the future, this can happen to you. So some companies have prepared for this situation. There is a system called Pizzaforcoins is a California-based service that allows you to purchase pizzas from major pizza companies such as Papa John’s, Pizza Hut, etc, using your bitcoin. The platform will ask for your location and then it shows you available pizza places in your area. Once you place the order, it is relayed to the respective restaurant. You can finish your order by using 50 different cryptos at the moment, given its integration with Shapeshift. You can either have the pizza delivered to you or pick it up from the location. If you aren’t based in the US, then you can try Lieferando.de it’s a German food delivery service with over 11,000 restaurants in the system. The site uses Bitpay to process its actions.
Among the big players in the gaming industry, the Xbox Store and Windows Store allows you to get games, movies and more using bitcoins. You can load the bitcoin into your Microsoft account and get ahead to use it. Many, such as Admiral Casino, if not all online casino websites, will probably use blockchain at some point in the future, while some of them have already implemented this new technology. However, there are many websites that implemented crypto into their game. You can play games like slots, poker, blackjack and others using BTC or any other crypto.
The way we used to live has changed in the past decade. This is important even if you’re a business owner or a client. For both participants, it is very important to keep it up with the trends and to implement these new ways into your day-to-day life. So read a lot of articles and try to be on the top of your game in every situation.