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What are the things you can do with Cryp­tocur­ren­cies? (Info­graph­ic)

Cryp­tocur­ren­cies are typ­i­cal­ly con­sid­ered to be high-risk invest­ments for mil­len­ni­al. How­ev­er, amidst this hype and spec­u­la­tion, one must not for­get that most of the decen­tral­ized dig­i­tal cur­ren­cies, such as bit­coin, were cre­at­ed with a broad­er vision that aimed to dis­rupt the sta­tus quo and so have a wide vari­ety of pow­er­ful use cas­es. Here are some:

  1. Low-cost mon­ey trans­fers

The low fees asso­ci­at­ed with trans­ac­tion using cryp­tocur­ren­cies such as lite­coin (LTC), stel­lar (XLM) or bit­coin cash (BCH) make them excel­lent pay­ment options for inter­na­tion­al mon­ey trans­fers.

  1. A cen­sor­ship-resis­tant alter­na­tive store of wealth

Cryp­tocur­ren­cies, are cen­sor­ship-resis­tant alter­na­tive store of wealth that can nev­er be frozen by the author­i­ties. Only a user can access his own wealth.

  1. Invest in inno­v­a­tive ear­ly-stage star­tups

The emer­gence of cryp­tocur­ren­cies, any­one with an Inter­net con­nec­tion can become an investor and pro­vide new start­up ven­tures with much-need­ed seed cap­i­tal e.g. Ini­tial coin offerings(ICOs).

  1. Make pri­vate trans­ac­tions

Pri­va­cy-cen­tric dig­i­tal cur­rren­cies such as Mon­ero (XMR), Zcash (ZEC), and PIVX (PIVX) allows users to make anony­mous finan­cial trans­ac­tion with­out hav­ing to pro­fer any expla­na­tion to any author­i­ty.

  1. Send non-cash remit­tances

Anoth­er very legit­i­mate use case for cryp­tocur­ren­cies is non-cash remit­tances.

  1. Get paid to post con­tent

Pub­lish­ers can now receive finan­cial remu­ner­a­tions and rewards in the form of cryp­tocur­ren­cy for post­ing or uploadind con­tents.

  1. Rent your spare hard dri­ve space to the cloud

Some decen­tral­ized blockchain-based cloud stor­age solu­tions are allow­ing users to earn cryp­tocur­ren­cy in exchange for rent­ing out their hard dri­ve stor­age space on a peer-to-peer basis.

  1. Trav­el the world

Due to the immense pop­u­lar­i­ty of cryp­tocur­ren­cies, it is now pos­si­ble to trav­el the world with cryp­tocur­ren­cy as trav­el agents have began to accept bit­coin as a pay­ment method to book flights, car rentals, and accom­mo­da­tions.

  1. Trav­el into space

A reput­ed com­mer­cial space trav­el com­pa­ny had announced that would be accept­ing bit­coin pay­ments for space trav­el book­ings.

Our friends at Bitcoinfy.net devel­oped an inter­est­ing info­graph­ic on Bit­coin and Blockchain Tech­nol­o­gy for all the begin­ners who want to know more about Cryp­tocur­ren­cies.

Bitcoinfy.net is a #1 Bit­coin Casi­no site pre­sent­ing Trust­ed and Gen­uine Bit­coin Casi­no Reviews for all the online casi­no play­ers who want to start gam­bling with Bit­coins. Please check the fol­low­ing info­graph­ic, and share your thoughts.

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